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Older Workers Lead The Comeback

CHICAGO (UPI) — U.S. workers aged 55 and older have enjoyed the largest comeback of any age group in the slowly recovering economy, a private research group found. Over the past 28 months, employment among three age categories – teenagers, workers aged 35- to 44-year-olds, and 45- to 54-year-olds – declined, Challenger, Gray & Christmas […]

Gloom Settles On Oil Market

NEW YORK, (UPI) — Crude oil prices held under $79 per barrel in New York Friday, with traders wary about Chinese manufacturing data and worried about Europe’s financial crisis. Moody’s Investors Service downgraded the credit ratings for 15 banks Thursday, contributing to the dour mood on Wall Street. With prices near lows for the year, […]

U.S. Stocks Slammed Thursday

NEW YORK, (UPI) — U.S. stock markets tumbled Thursday despite a slight drop in first-time unemployment benefit claims. The Department of Labor said initial claims for unemployment benefits dropped by 2,000 in the week ending Saturday to 387,000. Indicating recent fluctuations have been small, the four-week rolling average for first-time claims rose by 3,500 to […]

Mentor-Protege Honor Given

FALLS CHURCH, Va., (UPI) — A U.S. government award for effective mentor-protege teaming is being given to CSC and Knight Point Systems, a Virginia information technology firm. The award was given by the U.S. Department of Homeland Security’s Office of Small and Disadvantaged Business Utilization in recognition of superior teamwork and developmental support. “This recognition […]

Existing Home Sales Down, But Prices Rise

WASHINGTON, (UPI) — Existing U.S. home sales fell 1.5 percent in May month-to-month, but tight supplies pushed prices higher, the National Association of Realtors said Thursday. The trade group said sales of single-family homes, townhomes, condominiums and co-ops fell to a seasonally adjusted annual rate of 4.55 million in May, down from a revised figure […]

First-Time Jobless Claims Down By 2,000

WASHINGTON, (UPI) — First-time jobless claims fell by 2,000 in the week ended Saturday, the U.S. Labor Department said. Initial claims for unemployment benefits fell to 387,000 from the previous week’s revised estimate of 389,000. The four-week rolling average, which gives a steadier indication of the direction of jobless claims rose by 3,500 to 386,250. […]

U.S. Mortgage Rates Slide In Week

WASHINGTON, (UPI) — Average mortgage interest rates for 30-year, fixed-rate loans declined in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. Average rates for 30-year contracts dropped from 3.71 percent to 3.66 percent with 0.7 points. Thirty-year mortgage rates averaged 4.5 percent the same week of 2011. Average rates on 15-year contracts […]

Report: Apple Raising Retail Workers' Pay

CUPERTINO, Calif., (UPI) — Apple Store workers across the United States are getting raises this summer, employees say. Three Apple employees in different regions told Dow Jones about the raises, with two saying they are to kick in next month. The Business Insider blog first reported that Apple Inc. was planning an increase in retail […]

Quality Report Spurns Chrysler And Ford

DETROIT, (UPI) — U.S. auto industry research company J.D. Power dropped the ranking for Chrysler and Ford in its annual quality report released Wednesday. Chrysler Group LLC fell nine rankings to 25, The Detroit News reported. Ford Motor Co. dropped behind Chrysler, falling by four slots to 27, the newspaper said. “Technology is becoming increasingly […]

Wells Fargo To Outsource Jobs Overseas

CHARLOTTE, N.C., (UPI) — U.S. banking giant Wells Fargo & Co. said it will relocate jobs in its institutional retirement division from North Carolina to overseas locations. In a memo to employees, Wells Fargo said some of the jobs would go to the Philippines, while others would go to India. Wells Fargo is attempting to […]


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