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Mentor-Protege Honor Given

FALLS CHURCH, Va., (UPI) — A U.S. government award for effective mentor-protege teaming is being given to CSC and Knight Point Systems, a Virginia information technology firm. The award was given by the U.S. Department of Homeland Security’s Office of Small and Disadvantaged Business Utilization in recognition of superior teamwork and developmental support. “This recognition […]

Existing Home Sales Down, But Prices Rise

WASHINGTON, (UPI) — Existing U.S. home sales fell 1.5 percent in May month-to-month, but tight supplies pushed prices higher, the National Association of Realtors said Thursday. The trade group said sales of single-family homes, townhomes, condominiums and co-ops fell to a seasonally adjusted annual rate of 4.55 million in May, down from a revised figure […]

First-Time Jobless Claims Down By 2,000

WASHINGTON, (UPI) — First-time jobless claims fell by 2,000 in the week ended Saturday, the U.S. Labor Department said. Initial claims for unemployment benefits fell to 387,000 from the previous week’s revised estimate of 389,000. The four-week rolling average, which gives a steadier indication of the direction of jobless claims rose by 3,500 to 386,250. […]

U.S. Mortgage Rates Slide In Week

WASHINGTON, (UPI) — Average mortgage interest rates for 30-year, fixed-rate loans declined in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. Average rates for 30-year contracts dropped from 3.71 percent to 3.66 percent with 0.7 points. Thirty-year mortgage rates averaged 4.5 percent the same week of 2011. Average rates on 15-year contracts […]

Report: Apple Raising Retail Workers' Pay

CUPERTINO, Calif., (UPI) — Apple Store workers across the United States are getting raises this summer, employees say. Three Apple employees in different regions told Dow Jones about the raises, with two saying they are to kick in next month. The Business Insider blog first reported that Apple Inc. was planning an increase in retail […]

Quality Report Spurns Chrysler And Ford

DETROIT, (UPI) — U.S. auto industry research company J.D. Power dropped the ranking for Chrysler and Ford in its annual quality report released Wednesday. Chrysler Group LLC fell nine rankings to 25, The Detroit News reported. Ford Motor Co. dropped behind Chrysler, falling by four slots to 27, the newspaper said. “Technology is becoming increasingly […]

Wells Fargo To Outsource Jobs Overseas

CHARLOTTE, N.C., (UPI) — U.S. banking giant Wells Fargo & Co. said it will relocate jobs in its institutional retirement division from North Carolina to overseas locations. In a memo to employees, Wells Fargo said some of the jobs would go to the Philippines, while others would go to India. Wells Fargo is attempting to […]

Saab Expanding In Americas

LINKOPING, Sweden, (UPI) — Saab Defense of Sweden is opening a new marketing division in the United States to strengthen its presence in the Americas region. Called Saab Americas, the unit will have headquarters in Washington and will be open for business in January. Earlier this year, the company created Saab North America as part […]

FHA Refinancing Soars In Week

WASHINGTON, (UPI) — Government refinancing activity more than doubled over the week with lower premiums available, the Mortgage Bankers Association in Washington said Wednesday. U.S. mortgage applications decreased 0.8 percent from the previous week, while the Refinancing Index rose 1 percent, the MBA said. But “Federal Housing Administration refinance volume exploded to an all-time high, […]

Construction Outlays Fall In Europe

BRUSSELS, June 19 (UPI) — Construction spending fell sharply in Europe in April, the European Union’s statistical office Eurostat said Tuesday. Spending declined 2.7 percent compared to March in the 17-member eurozone and 6.6 percent in the 27-member European Union, the data office said. Compared to April 2011, spending fell 5 percent in the eurozone […]

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