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Construction Outlays Fall In Europe

BRUSSELS, June 19 (UPI) — Construction spending fell sharply in Europe in April, the European Union’s statistical office Eurostat said Tuesday. Spending declined 2.7 percent compared to March in the 17-member eurozone and 6.6 percent in the 27-member European Union, the data office said. Compared to April 2011, spending fell 5 percent in the eurozone […]

Housing Starts Slip In May

WASHINGTON (UPI) — New home construction starts in the United States dropped in May, but permits that predict future business rose, the U.S. Commerce Department said Tuesday. Housing starts fell to a seasonally adjusted annual rate of 708,000, off 4.8 percent compared with a revised figure for April of 744,000. Housing starts were 28.5 percent […]

Facebook, In Court Filing, Blames Nasdaq

NEW YORK (UPI) — Court papers filed in New York show Facebook is ready to blame Nasdaq for its clumsy start as a publicly traded company. Facebook is attempting to consolidate a flurry of shareholder lawsuits filed against it — more than 40 of them — since it went public May 18, a day clouded […]

Builder Confidence Up Slightly

WASHINGTON (UPI) — U.S. builder confidence in the market for new homes rose 1 point in June, the National Association of Home Builders said Monday. The National Association of Home Builders/Wells Fargo Housing Market Index for June rose from a slightly revised level in May to 29, the highest reading since May of 2007. “This […]

U.S. Household Net Worth Falling Sharply

WASHINGTON (UPI) — Falling stock markets and home values contributed to a 35 percent drop in the U.S. median household net worth from 2005 to 2010, the Census Bureau said Monday. The net worth is the value of a household’s assets minus its debts. The median value for a group is the point halfway between […]

Mexico Invited To Join TPP Trade Group

WASHINGTON (UPI) — U.S. trade officials said Monday Mexico would be invited to join the Trans-Pacific Partnership free-trade alliance. “We are delighted to invite Mexico, our neighbor and second-largest export market, to join the TPP negotiations,” U.S. Trade Representative Ron Kirk said. “Mexico’s interest in the TPP reflects its recognition that the TPP presents the […]

GM Re-Focuses Design Teams

WARREN, Mich. (UPI) — U.S. automaker General Motors said Monday it would revamp and re-focus its design teams to connect with their customers. In a move that affects the company’s 10 Design Centers around the world, GM said, focusing on brands would “drive stronger — and common — messaging across a brand’s portfolio.” It would […]

EU Posted Trade Deficit In April

BRUSSELS (UPI) — The 27-member European Union posted a $15.1 billion deficit on trade in goods in April, Eurostat said Friday. The deficit was down from the $21.7 billion trade gap in April 2011. While the larger EU had a loss, the 17-member eurozone, countries that share the euro as currency, posted a surplus of […]

U.S. Industrial Production Slid Slightly

WASHINGTON (UPI) — Industrial production slipped in May after rising 1 percent in April, the U.S. Federal Reserve said Friday. Industrial production “edged down,” the Fed said, dropping 0.1 percent. Output in manufacturing, one of three industrial divisions, shrank 0.4 percent following an increase in April. Production at mines rose 0.9 percent in May and […]

Immigrants Run 18 Percent Of Small Firms

NEW YORK (UPI) — Almost one-fifth of U.S. small business owners are immigrants, a Fiscal Policy Institute study found. The Institute’s Immigration Research Initiative said immigrants make up 13 percent of the U.S. population, 16 percent of the labor force and 18 percent of small business owners. The study released Friday found “a big change […]


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