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Walmart Rejects Swipe Fees Settlement

BENTONVILLE, Ark. (UPI) — Walmart said Wednesday it will join other U.S. retailers in rejecting a class action settlement against credit card firms for allegedly colluding on swipe fees. The multibillion dollar-settlement included a $6.6 billion payment, plus a temporary reduction in interchange fees, a gesture valued at about $1.2 billion, The Wall Street Journal […]

Book Industry Decries Loss Of Agency Sales

WASHINGTON (UPI) — Booksellers are criticizing a proposed settlement between the U.S. Justice Department and Apple and six publishers meant to end a collusive pricing agreement. In a report detailing the public response to the proposed agreement, the Justice Department said firms like Barnes & Noble, Books-A-Million, the American Booksellers Association and the Authors Guild […]

Airlines Making More Money From Fees

LOS ANGELES (UPI) — Fifty airlines that report revenue from fees for checked bags, more legroom and changed reservations made more than $22 billion last year, a U.S. study found. The review was done by IdeaWorks Company, based in Wisconsin, along with Amadeus, a travel company based in Madrid, the Los Angeles Times reported. Analysts […]

Manufacturing Expansion Slowed In July

NEW YORK (UPI) — A flash estimate of U.S. business activity in the manufacturing sector showed growth at its weakest level in 19 months in July, Markit Research said. The research firm’s purchasing managers’ index, based on 85 percent of the month’s survey results, showed the headline index falling from 52.5 in June to 51.8, […]

U.S. Home Price Index Rose In May

WASHINGTON (UPI) — U.S. home prices rose 0.8 percent April to May, but rose only 0.7 percent March to April, the Federal Housing Finance Agency said Tuesday. The agency previously reported the March to April gain as 0.8 percent. That estimate has been revised 0.1 percentage points lower, the agency said. Although the U.S. home […]

Back-To-School Shopping Begins

WASHINGTON (UPI) — U.S. retail receipts rose modestly in the week, as back-to-school sales began in earnest, a trade group said Tuesday. The International Council of Shopping Centers said sales rose 1 percent in the week and climbed 3.3 percent compared to the same week of 2011. Sales were helped by a slight break from […]

Russia Bans Print And Internet Alcohol Ads

MOSCOW (UPI) — Russian President Vladimir Putin has put a cork in print media and Internet alcohol advertising in Russia, the Kremlin said. Putin signed a ban on advertising alcohol drinks that is to take effect on Jan. 1, 2013, for print media, as many of those companies have annual advertising contracts with alcohol producers, […]

Murdoch Quits Several U.K. Media Boards

LONDON (UPI) — Media mogul Rupert Murdoch has resigned from several corporate boards of British newspapers, his parent corporation said. The 81-year-old chairman of the international News Corp. stepped away from his roles in the NI Group, the Times Newspaper Holdings and Newscorp Investments, The New York Times reported. The Australian-born billionaire’s publicity staff sent […]

Consumer Confidence Drops In July In EU

BRUSSELS (UPI) — The European Commission said Monday the flash estimate of consumer confidence in the European Union fell in the EU and the eurozone in July. The flash estimate is based on a survey of consumers from 24 of the 27 EU countries, covering 98.8 percent of the region’s consumer spending. For the eurozone, […]

High Fashion Gains A Foothold In China

BEIJING (UPI) — A growing middle class in China is supporting demand for fashion, even expensive fashion, media experts said. The general manager of Hearst Magazines in China, Lena Yang, said the average fashion magazine reader in the country is 29.5 years old, single, and earns $1,431 per month. Surprisingly to some, that same reader […]


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