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Facebook Lags While Markets Rise

NEW YORK, (UPI) — U.S. stock indexes rose Monday despite disappointing numbers posted by high-tech hopeful Facebook. After its initial public offering Friday, Facebook shares backpedaled Monday, losing 12 percent in early trading. The tech-heavy Nasdaq composite index, which won bragging rights by signing on the social network business, added 37.94 points, 1.37 percent, to […]

Auto Outlook: Warren Buffett Takes A Liking To GM

Don’t look for General Motors Co. to shed the nickname “Government Motors” anytime soon even though billionaire Warren Buffett has taken a serious liking to the stock. Buffett’s Berkshire Hathaway disclosed in a filing it bought $256.6 million in GM stock, 10 million shares. The U.S. Treasury still owns about 500 million shares three years […]

Student Debt, Lack Of Well-Paying Jobs Delays Independence For New Grads

CHICAGO, (UPI) — The sheepskin may be on the wall, but today’s college graduates could have a long way to go before achieving independence from mom and dad. A recent survey by Kelton for eHealthinsurance last month found nearly half of college students and recent grads are afraid they won’t be able to pay off […]

Study: Americans Forgo Vacation Days

WASHINGTON, (UPI) — Studies show a majority of Americans had an average of 11 days of unused vacation time at the end of 2011. Nearly 57 percent of Americans had unused vacation time by the end of 2011 — 11 days on average — forgoing 70 percent of their allotted vacation time, said a survey […]

Crude Oil Holds Under $93

NEW YORK, (UPI) — Crude oil prices slid back under $93 a barrel on the New York Mercantile Exchange Thursday as the government reported a weekly gain in U.S. stockpiles. Total supplies reached 381.6 million barrels after eight consecutive weeks of inventory increases, the Energy Information Administration said. With supplies at a 22-year high, the […]

Facebook To Start At $38 Per Share

NEW YORK, (UPI) — U.S. Internet giant Facebook said its starting point for its debut as a publicly traded company would be $38 per share. The price, which would raise $18.4 billion, values the firm at $104 billion. Only Visa Inc. has raised more on its first day, the Los Angeles Times reported Thursday. Visa […]

Delinquent Mortgage Loans Drop

WASHINGTON (UPI) — The delinquency rate for U.S. mortgage contracts dropped to 7.4 percent at the end of the first quarter of 2012, a national trade group said. The Mortgage Bankers Association said the rate of homes with payments 30 days past due improved from 8.3 percent, the delinquency rate at the end of the […]

Foreclosures Hit Pre-Recession Level

IRVINE, Calif. (UPI) — U.S. properties in foreclosure fell to their lowest total in April since before the recession, a private online marketplace for distressed properties said. RealtyTrac said one in every 698 U.S. housing units was involved in foreclosures in April, a 5 percent decrease from March and a 14 percent decrease from April […]

Jobless Claims Unchanged In Week

WASHINGTON (UPI) — The number of first-time jobless claims was unchanged in the week ended Saturday, the U.S. Labor Department said The four-week rolling average of first-time claims fell to 375,000, down 4,750 from the previous week, but the number of claims filed in the week, 370,000, was unchanged from the previous week’s revised figure. […]

Leading Economic Indicators Dipped In April

NEW YORK (UPI) — The U.S. index of leading economic indicators fell 0.1 percent in April after six consecutive month of gains, the Conference Board said Thursday. The Leading Economic Index fell to 95.5, following an increase of 0.3 percent in March and a 0.7 percent increase in February. Economists had predicted a 0.1 percent […]


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