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Home Sales Prices Rise On Tighter Supply

WASHINGTON (UPI) — Existing U.S. home sales fell in June compared to May, but tighter supplies pushed prices higher, the National  Association of Realtors said Thursday. It was the second consecutive month in which the number of existing homes on the market shrank and prices rose. The trade group said sales of single-family homes, townhomes, […]

Long-Term Loans Hit New Interest Rate Lows

WASHINGTON (UPI) — Fixed mortgage rates on long-term loans in the United States hit record lows in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. The average 30-year fixed mortgage has been below 4 percent for every week but one in 2012, Freddie Mac said. In the current week, interest rates for […]

Spanish Debt Still Hangs Over Euro

MADRID, July 19 (UPI) — Financial analysts said Thursday Spanish debt remains a threat to the euro and precariously expensive for the government in Madrid. “The eurozone has managed to maneuver itself into a dead end. The clear solution would be for the European Central Bank to intervene, and if it doesn’t I don’t see […]

Housing Starts Higher, Permits Lower

WASHINGTON, (UPI) — Housing project starts for private homes rose 6.9 percent in June above a revised May estimate of 711,000 starts, the Commerce Department said Wednesday. Housing starts for June reached a seasonally adjusted annual rate of 760,000, 23.6 percent above the 615,000 starts in June 2011. But project permits issued, which represent construction […]

Stocks Resilient With Housing Starts Up

NEW YORK, (UPI) — Stocks on Wall Street moved higher Wednesday morning as the Commerce Department said housing construction starts rose in June. Projects begun on privately-owned homes rose 6.9 percent over May, but building permits issued in the month dropped 3.7 percent. Federal Reserve Chairman Ben Bernanke said Tuesday the “recovery in the United […]

Crude Oil Hangs Out Near $98 Per Barrel

NEW YORK, (UPI) — Crude oil prices held above $89 per barrel Wednesday morning with support from economic data from China offsetting a grim assessment of the U.S. recovery. August delivery West Texas Intermediate crude oil gained 21 cents to $89.43 per barrel on encouraging housing market news from China a day after Federal Reserve […]

U.S. Navy Upgrading Robots

BEDFORD, Mass., (UPI) — The U.S. Navy has given iRobot Corp. a $7.7 million order to upgrade robots used by the service and to deliver advanced sensor suites. The order from the Naval Sea Systems Command covers iRobot Aware 2 software upgrades and sensor suites for 248 fielded Man Transportable Robotic System MK 1 MOD […]

U.S. Army Orders Expandable Shelters

CHARLOTTE, N.C., (UPI) — More than two dozen expandable mobile shelters are to be produced for the U.S. Army by General Dynamics Armament and Technical Products. The shelters, worth $6.1 million, are used as command centers, kitchens, maintenance shops and medical facilities. The task order for the Army Standard Family shelters was given by U.S. […]

Google's Mayer Named Yahoo!'s CEO

SUNNYVALE, Calif. (UPI) — Yahoo! announced Monday it has lured Marissa Mayer away from Google to become the Internet search engine’s president and chief executive officer. Mayer, who will join Yahoo!’s Board of Directors, will start her new duties July 1. Yahoo! said in a release posted on its Web site the appointment of Mayer […]

IMF: Lift U.S. Federal Debt Ceiling Soon

WASHINGTON (UPI) — U.S. policymakers must lift the federal debt ceiling soon, for the sake of the U.S. and world economies, the International Monetary Fund said. Congress should raise the legal cap on the amount of money the federal government can borrow “well ahead” of the projected year-end deadline to “mitigate risks of financial market […]

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