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Boomers Buying Cars They Wanted As Teens

NASHVILLE (UPI) — Baby Boomers are buying the cars they wish they had as teenagers, custom car restorers say. Jim Brandea of Spring Hill, Tenn., who has an online collector car magazine called the Gear head Gazette, said baby boomers have more cash as their children get out of college and they want to recapture […]

New Home Sales Rose In May

WASHINGTON (UPI) — Sales of new single-family homes rose 7.6 percent in April to May, the U.S. Commerce Department said Monday. Sales climbed to a seasonally adjusted annual rate of 369,000, which topped the revised April rate of 343,000 and came in 19.8 percent higher than 12 months prior when an estimated 308,000 new single-family […]

Blueberries Overtake Peaches In Georgia

ATLANTA (UPI) — Georgia’s blueberry industry is steadily outpacing “The Peach State’s” famous peach industry, data from the University of Georgia indicates. The data show the blueberry industry produced $133 million in 2010 — making Georgia the third biggest blueberry-producing state behind Michigan and Oregon — while the peach industry produced $47 million, The Atlanta […]

Long-Haul Drivers In Short Supply

ARLINGTON, Va. (UPI) — Mike Card the chairman of the American Trucking Associations, said long-haul drivers are in short supply despite a U.S. unemployment rate of 8.2 percent. “It’s getting harder to get drivers. I could hire 50 guys right now,” said Card, who is also the president of Combined Transport of Central Point, Ore. […]

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. […]


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