Business
Bankrupt American Airlines To Keep Flying
FORT WORTH, Texas, Nov. 29 (UPI) — AMR Corp., the parent of American Airlines and American Eagle, said the carriers will keep flying despite landing in Chapter 11 bankruptcy in New York Tuesday. AMR, based in Fort Worth, Texas, said its board of directors determined a Chapter 11 reorganization was in the best interest of […]
Job Cuts Top 2010 Total
CHICAGO, Nov. 30 (UPI) — Announced job layoffs for the year have already surpassed the total for U.S. job cuts announced in 2010, a private research firm said. Challenger, Gray & Christmas said November’s layoff announcements was steady compared to October with 42,474 cuts announced after a total of 42,759 in October. In the month, […]
206,000 Private Jobs Added In November
ROSELAND, N.J., Nov. 30 (UPI) — Payroll firm Automatic Data Processing Inc. said Wednesday the U.S. economy added 206,000 jobs in November, nearly twice the average gain since May. Small businesses, those with fewer than 50 employees, added the bulk of the jobs, 110,000, while large businesses, those with more than 499 employees, added 12,000 […]
Moody's Allows U.S. To Keep AAA Rating
NEW YORK, Nov. 23 (UPI) — Credit rating firm Moody’s said the United States could keep its Triple A credit rating despite failure in Washington to agree to a deficit reduction plan. The so-called supercommittee of six Democrats and six Republicans was charged with forging an agreement on a 10-year plan to reduce the nation’s […]
Two Banks Bail Out Of TARP, Return Funds
WASHINGTON, Nov. 23 (UPI) — The U.S. Treasury Department said Wednesday two banks have repurchased shares held under the TARP program, returning $210 million to taxpayers. The Bank of Kentucky Financial Corp., of Crestview Hills, Ky., has repurchased all of its outstanding preferred shares for $17 million. In addition the bank paid $18,888 in dividends […]
First-Time Jobless Claims Down By 2,000
WASHINGTON, Nov. 24 (UPI) — First-time jobless benefit claims declined by 2,000 in the week ending Saturday with 393,000 claims filed, the U.S. Labor Department said. It was the seventh consecutive week initial claims have dropped. The four-week rolling average for first-time claims filed as of Saturday was 394,250, down 3,250 from the previous revised […]
Safe Shopping Tips For Cyber Monday
NEW YORK, Nov. 25 (UPI) — The next national U.S. shopping event after Black Friday, called Cyber Monday, is fraught with possibilities for error, a private Internet firm said. SortPrice.com, a Web site that helps consumers compare prices, said Cyber Monday offers new choices, but “with all of those choices, however, comes the reality that […]
AT&T, T-Mobile Merger On Last Legs
NEW YORK, Nov. 25 (UPI) — U.S. telecommunications giants AT&T and T-Mobile USA said they have pulled a federal application for a merger, but the merger was not completely scrapped. The parent company of T-Mobile, Deutsche Telekom, said it was gearing up for a court battle with the Federal Communications Commission, which filed a lawsuit […]
First-Time Jobless Claims Hit 7-Month Low
WASHINGTON, Nov. 17 (UPI) — First-time jobless benefit claims declined by 5,000 in the week ending Saturday with 388,000 claims filed, the U.S. Labor Department said Thursday. It was the sixth consecutive week initial claims have dropped with the figure the lowest it has been since early April. The four-week rolling average for claims filed […]
Long-Term Mortgage Rates Up A Touch
WASHINGTON, Nov. 17 (UPI) — Long-term mortgage rates were slightly higher in the week ending Thursday, the U.S. Federal Home Loan Mortgage Corp. said. Freddie Mac said the average interest rates for 30-year, fixed-rate loans rose from 3.99 percent to 4 percent with an average of 0.7 points for the week. A year earlier during […]
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