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Viacom, DirecTv Reach Seven-Year Deal

NEW YORK (UPI) — Viacom Inc. and DirecTV Group Inc. said they had reached a seven-year deal that restores Comedy Central, Nickelodeon and other channels for U.S. viewers. The two companies had taken their pricing disagreements public with DirecTV saying Viacom was demanding a 30 percent increase in fees, which would have showed up in […]

Finance Markets Pessimistic About Spain

MADRID (UPI) — Eurozone finance ministers agreed Friday to provide as much as $122.6 billion to shore up the Spanish banking system, officials said. But interest rates on Spanish debt continued to rise, suggesting financial markets are pessimistic about the country’s future, the Financial Times reported. The 17 ministers took the vote by conference call. […]

Jobless Claims Rise By 34,000

WASHINGTON, July 19 (UPI) — First-time jobless claims rose by 34,000 in the week ended Saturday after three weeks of declines, the U.S. Labor Department said. Initial claims for unemployment benefits rose to 386,000 from the previous week’s revised estimate of 352,000. In the previous three weeks, claims had fallen by 2,000, 6,000 and 14,000, […]

Leading Indicators Slipped In June

NEW YORK (UPI) — The U.S. index of leading economic indicators fell 0.3 percent in June to 95.6, the Conference Board said Thursday. The Leading Economic Index has gained in seven of the last nine months, but dropped in two of the past three. It rose 0.4 percent in May and fell 0.1 percent in […]

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 […]

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