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Lockheed Martin Cuts Workers

WASHINGTON, (UPI) — Faced with shrinking defense and equipment acquisition budgets Lockheed Martin has cut its workforce by 5 percent in one business sector. The affected area is the company’s Mission Systems & Sensors business unit. Lockheed said this week it had sent pink slips to 308 U.S.-based MSS employees. In May, under a voluntary […]

Nemo Unveils New Troop Shelters

DOVER, N.H., (UPI) — A U.S. company that produces tents and backcountry sleep systems has launched a new product line for the military – the Advanced Linking Combat Shelters. According to Nemo Equipment Inc., the Advanced Linking Combat Shelters, the 1P SE and 2P SE, are a significant improvement over systems currently in use by […]

More Disclosure Proposed For Mortgages

WASHINGTON (UPI) — The Consumer Financial Protection Bureau proposed new rules for U.S. mortgage lenders that would better prepare buyers for potentially unpleasant surprises. The bureau said Monday its proposals were aimed at providing consumers with a simpler picture of how much their loan will cost them over the years so they can avoid finding […]

Economists Favor Keeping Bush Tax Cuts

WASHINGTON (UPI) — A survey of economists said extending President George W. Bush’s controversial tax cuts would be a good way to stoke the U.S. economy. CNNMoney asked 15 economists to rank the proposed steps Congress could take to help spur on the recovery, and nine endorsed extending the Bush cuts, which are due to […]

Campbells To Purchase Bolthouse Farms

CAMDEN, N.J. (UPI) — U.S. canned food giant Campbell Soup Co., says it has agreed to buy natural foods producer Bolthouse Farms for $1.55 billion in cash. Bolthouse has leading market positions in fresh carrots and super-premium beverages in the United States, along with a growing presence in refrigerated salad dressings, New Jersey-based Campbell said […]

Small Business Optimism Declines

WASHINGTON (UPI) — Small business optimism declined last month after months of slow but positive growth, the National Federation of Independent Businesses said Tuesday. June’s Index of Small Business Optimism dropped three points, falling to 91.4 and relinquishing gains achieved earlier this year. Labor market indicators and spending plans for capital equipment and inventories accounted […]

NBCUniversal To Sell Stake In A&E

LOS ANGELES (UPI) — NBCUniversal is planning to bow out of its A&E Networks partnership, sources told The Hollywood Reporter. NBCUniversal, which is owned by Comcast, owns 15 percent of A&E and is planning to sell that to A&E stakeholders Disney and Hearst Corp. The deal would give both Disney and Hearst 50 percent of […]

A Proposal To Clip Pet Groomers A Bit

SACRAMENTO (UPI) — A California state senator said it was time for a law to force pet groomers to initiate a volunteer certification program to keep pets safe. “The pets are really the silent victims. They can’t tell you what happens,” said Sen. Juan Vargas, a Democrat from San Diego who has proposed the law […]

U.S. Restaurants Add 116,000 Jobs In 2012

WASHINGTON (UPI) — U.S. restaurants added a net 116,000 positions in the first half of 2012, indicating people are eating out or buying more take-out, a trade group says. An analysis by the National Restaurant Association in Washington said in the 12 months ending June 2012, eating and drinking place employment jumped 2.7 percent — […]

Employment Trends Index Down In June

NEW YORK (UPI) — An index of eight labor-market indicators shows a drop in employment trends last month, the Conference Board said Monday. The Employment Trends Index dipped to 107.47 in June, down from the revised figure of 108.23 in May. The June figure is 5.6 percent higher than a year ago. “The Employment Trends […]

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