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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 […]

Prices Flat May To June

WASHINGTON (UPI) — The Consumer Price Index was unchanged May to June, holding the 12-month inflation figure at 1.7 percent, the U.S. Commerce Department said Tuesday. Identical to May, the CPI for all items rose 1.7 percent before seasonal adjustment in June. The index for all items minus food and energy, called core prices, rose […]

Industrial Production Rose In June

WASHINGTON (UPI) — Industrial production rose 0.4 percent in June after slipping 0.2 percent in May, the U.S. Federal Reserve said Tuesday. Output in manufacturing, one of three industrial divisions, rose at an annual rate of 1.4 percent, “a marked deceleration from its strong gain of 9.8 percent in the first quarter,” the Fed said. […]

Builder Confidence Makes Gains In July

WASHINGTON (UPI) — U.S. builder confidence in July gives rise to hopes that home construction would contribute to an economic recovery, a trade agency economist said. “Combined with the upward movement we’ve seen in other key housing indicators over the past six months, this report adds to the growing acknowledgement that housing … is returning […]

EU Trade Gap Shrunk In May

BRUSSELS, July 16 (UPI) — The 27-member European Union posted a $4.6 billion deficit on trade in goods in May, a sharp decline from April, Eurostat said Monday. In the prior month, the deficit stood at $15.4 billion. A year earlier in May, the deficit stood at $17.7 billion. While the larger EU had a […]

Retail Slipped 0.2 Percent In June

WASHINGTON (UPI) — Retail sales dropped for the second consecutive month in June, the U.S. Census Bureau said Wednesday. After a 0.2 percent drop from April to May, retail and food service sales for June fell 0.5 percent to $401.5 billion. Sales for the month came to a 3.8 percent increase from June 2011. For […]

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