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Europe's GDP All But Flat In First Quarter

BRUSSELS (UPI) — Eurostat, the statistical agency of the European Union, confirmed Wednesday the economies of Europe barely moved in the first quarter. In the 17-member eurozone, the gross domestic product fell 0.1 percent compared to the same quarter of 2011. In the 27-member European Union, the GDP rose 0.1 percent compared to the same […]

Retail Sales Rise Slightly In Week

WASHINGTON (UPI) — U.S. retail sales receipts rose 0.4 percent in the week ending Saturday after five consecutive weekly declines, a national trade group said. The International Council of Shopping Centers in Washington said sales rose week-to-week and climbed 2.8 percent compared to the same week a year earlier. The trade group said in Tuesday’s […]

Labor Department Firms Labor Cost Estimate

WASHINGTON (UPI) — Labor productivity in non-farm businesses fell at a 0.9 percent annual rate during the first quarter, the U.S. Bureau of Labor Statistics said Wednesday. The 0.9 percent drop in the first three months of 2012 is a revision from a month ago, when the decline was estimated at 0.5 percent. With current […]

Honda Fit Gets Highest EPA Fuel Rating

TORRENCE, Calif. (UPI) — The U.S. Environmental Protection Agency has given the 2013 Honda Fit EV its highest ever fuel efficiency rating, the company said Wednesday. The EPA bestowed a combined city and highway driving rating of 118 miles per gallon, topping the previous best 112 mpg earned by the Mitsubishi i-MiEV. Third on the […]

Factory Orders Slid In April

WASHINGTON (UPI) — U.S. factory orders dropped 0.6 percent in April and have fallen for three of the past four months, the U.S. Census Bureau reported Monday. After falling 2.1 percent in March — revised from a previous estimate of 1.5 percent — factory orders fell an additional $2.9 billion to $466 billion in April, […]

Teen Hiring Picks Up Over 2011

CHICAGO (UPI) — The summer job season for U.S. teenagers is off to a robust start compared to the previous two years, a private research firm said Monday. Outplacement consulting firm Challenger, Gray & Christmas said 157,000 teenagers found work in May, which kicks off the three-month summer job hiring season. A year earlier in […]

Stephen Baldwin Sues Costner Over Oil Device

NEW ORLEANS (UPI) — Actors Kevin Costner and Stephen Baldwin were in court Monday in New Orleans, battling over a business deal for a device designed to contain oil spills Costner is being sued by Baldwin, along with another plaintiff, seeking unspecified civil damages. Patrick Smith, a business associate of Costner’s, and Pacific West Resources, […]

Firm Sues Florida Over Ties-To-Cuba Law

TALLAHASSEE, Fla. (UPI) — A major construction firm in Florida is suing the state over a law that forbids working with firms with business ties to Cuba, court papers say. The Florida subsidiary of Brazilian construction giant Odebrecht is contesting a law signed last month by Gov. Rick Scott in a building known as the […]

Markets Mixed With Eye On Europe

NEW YORK, (UPI) — U.S. market indexes opened mixed Monday with investors keeping an eye on developments in Europe regarding a possible rescue of Spain. Spanish Premier Mariano Rajoy said last week Spain was not in need of international assistance but rumors persist other European leaders are pressing the premier to accept help for Spain’s […]

Crude Oil Holds At $83

NEW YORK, (UPI) — Oil prices held close to $83 per barrel in New York Monday on continued worries of economic stability in Europe. Greece has set June 17 as the date of its next national election, which could decide whether the country exits the eurozone. At the same time, various European leaders are pressing […]

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