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Ford To Rollout Pension Buyout Offers

DEARBORN, Mich., (UPI) — Ford Motor Co. said it would offer 98,000 former white collar workers in the United States a chance to cash out of their company pension plans. Ford spokesman Jay Cooney said the offers would begin with up to 15,000 retired workers randomly selected by the end of the summer, The Detroit […]

Debt Debate Veers With Greek Polls Close

ATHENS, Greece, (UPI) — The final set of voter polls allowed in Greece before the next national election show a tight race between leftist Syriza and centralist New Democracy parties. Although emerging a surprisingly strong contender in the May 6 election, which failed to establish a coalition government, Alexis Tsipras, leader of the Syriza party, […]

Home Prices Drop In China

BEIJING, (UPI) — Home prices in China dropped 1.53 percent from a year earlier in May, the China Index Academy said. Xinhua reported Saturday that prices in 100 Chinese cities fell 0.31 percent month-to-month from April to May. The average price for housing in the survey stood at $1,372 per square meter, which is slightly […]

Hiding True Self At Work Hurts Bottom Line

HOUSTON (UPI) — Workers who discern it is unsafe to be themselves at work and need to hide their true identity have less job satisfaction and may quit, U.S. researchers say. Study co-author Michelle Hebl, professor of psychology of Rice University, and colleagues at the University of Houston and George Mason University examined the behavior […]

Consumer Spending Up 0.3 Percent In April

WASHINGTON (UPI) — Consumer spending rose 0.3 percent in April, one tick higher than March’s downwardly revised 0.2 percent, the U.S. Commerce Department said Friday. Spending was up by $31.8 billion while personal incomes rose 0.2 percent, or by $31.7 billion. Disposable income rose by 0.2 percent, or $22 billion, after rising 0.4 percent, or […]

Construction Spending Up In April

WASHINGTON (UPI) — Construction spending rose month-to-month in April, the U.S. Census Bureau reported Friday. Total construction spending reached a seasonally adjusted annual rate of $820.7 billion, up 0.3 percent from the revised estimate of $818.1 billion in March, the bureau said. Spending for April was 6.8 percent above April 2011, when $768.2 billion was […]

Manufacturing Growth Slowed In May

TEMPE, Ariz. (UPI) — U.S. manufacturing activity made gains in May but the pace of growth slowed from the previous month, the Institute of Supply Management said Friday. The headline index (the Purchasing Managers’ Index) fell from 54.8 in April to 53.5 in May. Manufacturing expanded for the 34th consecutive month, the institute said. Numbers […]

69,000 Jobs Added; Jobless Rate 8.2 Percent

WASHINGTON (UPI) — U.S. employers added 69,000 jobs in May and the jobless rate ticked higher to 8.2 percent, the U.S. Labor Department said Friday. The jobs gain fell far short of expectations, which predicted an additional 150,000 jobs and for the unemployment rate to remain stable at 8.1 percent. In April, 77,000 jobs were […]

Private Sector Adds 133,000 Jobs In May

ROSELAND, N.J. (UPI) — Payroll firm Automatic Data Processing Inc. said the U.S. economy added 133,000 private sector jobs in May, which fell short of expectations. Economists had forecast an additional 148,000 jobs would be created in the month. On top of falling short of predictions, the payroll firm revised its estimate for April from […]

Commerce Drops GDP Estimate To 1.9 Percent

WASHINGTON (UPI) — The U.S. gross domestic product rose by 1.9 percent on an annual basis in the first three months of 2012, the Commerce Department said Thursday. The figure is a significant drop from the advanced estimate released a month ago that said the GDP rose 2.2 percent in the first quarter. The new […]

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