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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 […]

Caterpillar Hard-Nosed Through Strike

JOLIET, Ill. (UPI) — Record profits have not altered Caterpillar’s reputation as an intractable, hard-ball opponent in U.S. labor disputes, experts said. “Caterpillar has been a leader in the past 20 years in taking a hard line,” The New York Times quoted Cornell University professor of industrial relations Richard Hurd as saying Monday. Despite a […]

Female Flirtation Is A Plus In Negotiation

BERKELEY, Calif. (UPI) — Using flirtation during a negotiation appears to create better economic outcomes for female negotiators, a U.S. researcher found. However, study leader Laura Kray of the University of California, Berkeley, Haas School of Management, said female negotiators only had an advantage if the flirtatiousness was perceived as above and beyond friendliness. The […]

No Love For Extending Payroll Tax Holiday

WASHINGTON (UPI) — A consensus is forming in the Democratic caucus of the U.S. Senate that the payroll tax holiday should not be extended for one more year, aides said. Job creation has dropped to less than 100,000 new jobs per month for the past three months and Democrats have expressed concern about Social Security, […]

IMF Official Leaves In A Huff

WASHINGTON, July 20 (UPI) — Long-term International Monetary Fund official Peter Doyle said he was ashamed of the organization’s reaction to the financial crisis in Europe. After twenty years of service, I am ashamed to have had any association with the fund at all,” wrote Doyle announcing his resignation in a letter addressed to Shakour […]

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