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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 […]

Saab Expanding In Americas

LINKOPING, Sweden, (UPI) — Saab Defense of Sweden is opening a new marketing division in the United States to strengthen its presence in the Americas region. Called Saab Americas, the unit will have headquarters in Washington and will be open for business in January. Earlier this year, the company created Saab North America as part […]

FHA Refinancing Soars In Week

WASHINGTON, (UPI) — Government refinancing activity more than doubled over the week with lower premiums available, the Mortgage Bankers Association in Washington said Wednesday. U.S. mortgage applications decreased 0.8 percent from the previous week, while the Refinancing Index rose 1 percent, the MBA said. But “Federal Housing Administration refinance volume exploded to an all-time high, […]

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 […]


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