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Jobless Claims Drop By 14,000

WASHINGTON (UPI) — First-time jobless claims fell by 14,000 in the week ended Saturday, the U.S. Labor Department said. Initial claims for unemployment benefits fell to 374,000 from the previous week’s revised estimate of 388,000. The four-week rolling average, which gives a steadier indication of the direction of jobless claims, was little changed, dropping by […]

Job Cuts Slide In June

CHICAGO (UPI) — Job cut announcements made by U.S. employers in June fell to the lowest number in more than a year, a private research firm said Thursday. Challenger, Gray & Christmas said employers announced 37,551 job cuts in the month of June. While that was only slightly lower than the March figure of 37,880, […]

Mortgage Rate Lows Getting A Bit Routine

WASHINGTON (UPI) — New lows for 30-year fixed-rate mortgage loan interest rates have become a bit routine, the Federal Home Loan Mortgage Corp. said Thursday. Average rates for 30-year contracts have dropped to a new low in 10 of the past 11 weeks, the mortgage brokerage bank said. In the week ending Thursday, 30-year, fixed-rate […]

US Airways CEO: No Need To Rush A Merger

FORT WORTH, Texas (UPI) — US Airways Chief Executive Officer Doug Parker said the company could bide its time in its bid to merge with bankrupt U.S. rival American Airlines. “So long as we are given a fair chance to present our superior alternative in time to merge with AMR upon their emergence from bankruptcy,” […]

Markets Post Early Gains

NEW YORK, (UPI) — U.S. stock indexes headed higher Tuesday morning, a day before the Independence Day holiday. The Commerce Department gave confidence a boost, reporting factory orders rose 0.7 percent in May over April. Economists had expected a far more meager gain of 0.2 percent. In midmorning trading, the Dow Jones industrial average added […]

A Withering, But Patriotic Slump

CHICAGO, (UPI) — Hump day might turn into slump day this week, a Chicago outplacement firm said. Having the Fourth of July fall on a Wednesday, sometimes referred to as hump day, means many workers will take an extra two days off this week, Challenger, Gray & Christmas said Monday. “The mid-week Independence Day holiday […]

Two Surveys Show Factories Slowing Down

TEMPE, Ark., (UPI) — Two closely watched measures of U.S. manufacturing showed the sector slowing and even contracting in June. International research firm Markit’s June survey showed its Purchasing Managers Index dropped from 54 in May to 52.5 in June. In Tempe, Ariz., the Institute of Supply Management said seven of 18 manufacturing sectors showed […]

Crude Oil Slips Back, Nears $83

NEW YORK, (UPI) — Crude oil prices backpedaled Monday morning, heading toward $83 per barrel, with markets still adjusting to last week’s European Union summit. Prices had jumped 9.2 percent Friday after heads of state in Europe announced agreements on several policy initiatives meant to support the euro. On Monday, prices eased cautiously back. West […]

'Best Regions' Poised For Brightest Future

WASHINGTON, (UPI) — People in the East South Central region of the United States are least likely to be employed and learn new things, a survey indicates. The Gallup Daily tracking and the Gallup-Healthways Well-Being Index — involving nearly 480,000 interviews of U.S. adults conducted Jan. 2 to May 9 — asked 13 questions encompassing […]

N.Y. Times Announces Chinese Website

NEW YORK (UPI) — The New York Times has announced plans for a Chinese-language website aimed at China’s new middle class and the upscale advertisers trying to reach them. Joseph Kahn, the Times foreign editor who is in charge of the project, said the website will not register as an official Chinese news organization and […]

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