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New Home Sales Slid In March

WASHINGTON (UPI) — Sales of new single-family homes declined 7.1 percent from February to March, the U.S. Commerce Department said Tuesday. Home sales in March came in at a seasonally adjusted annual rate of 328,000. In February, the rate stood at 353,000 new homes sold, the department said, releasing a revised figure. The rate of […]

Consumer Confidence Barely Moved In April

NEW YORK (UPI) — Consumer confidence in the United States was virtually unchanged from March to April, the Conference Board said Tuesday. The index that assigns 1985 a base value of 100 fell from 69.5 to 69.2, the Conference Board said. The monthly Consumer Confidence Index is based on a survey of 5,000 households. “Consumer […]

IMF Finds $428.5 Billion In New Funding

BRUSSELS (UPI) — Finance leaders in Europe said so-called BRIC countries would increase contributions to the International Monetary Fund and have more say in IMF decisions. After a meeting in Brussels led by Finance Minister Tharman Shanmugaratnam of Singapore, the IMF said “continued progress” was necessary to deal with Europe’s financial crisis and “secure financial […]

Layoffs More Familiar Than Ever

PRINCETON, N.J. (UPI) — A record number of U.S. survey respondents indicated they know someone who has lost a job in the past six months, a Gallup poll indicated Monday. Sixty-eight percent of respondents to a nationwide poll indicated they knew someone made jobless in the past half a year, Gallup said. On only three […]

U.S. Economists Gain Confidence

NEW YORK (UPI) — A quarterly survey of U.S. economists points to an improved outlook for the rest of 2012, compared to the previous survey. USA Today reported Monday that the median estimate for the economy in the most recent survey pointed to 2.5 percent growth in 2012. In the previous survey, the median estimate […]

Firm Fires 1,300 Workers By Mistake

LONDON (UPI) — More than 1,300 financial district employees in London learned that they were fired by mistake this week, the firm Aviva Investors said. Workers at the insurance company’s asset management division were reportedly stunned to learn in a memo that they had been fired, only to find out later that the note that […]

Mining Asteroids? Let’s Go, Some Say

SEATTLE (UPI) — A group based in Seattle with serious credentials said it is time to start a mining company that would go after resources flying through space on asteroids. The group has announced the launch of the company Planetary Resources Inc., which would find a way to send either robots or astronauts into space […]

Mobile Firmly Fixed In Patent Landscape

ISSAQUAH, Wash. (UPI) — Patents related to mobile devices have soared in the past 10 years in the United States and Europe, consulting firm Chetan Sharma said Thursday. In the United States, patents related to mobile electronics rose 390 percent in the past 10 years. In Europe, they have risen 173 percent, the firm said. […]

Consumer Debt Is Shrinking

WASHINGTON (UPI) — Broad measures of U.S. consumer debt show the public has gone on a debt diet since the financial mess took hold. In the fall of 2007, just before the recession officially began, debt incurred through mortgages, credit cards, student loans and other borrowing amounted to 14 percent of the disposable income in […]

Counter-Terror Think Tank Goes Non-Profit

WASHINGTON (UPI) — A U.S. think tank in Washington that focuses on issues of global terrorism has been reorganized as a non-profit entity. The Terrorism Research Center said the change allows it to “continue the mission of raising public awareness on terrorism related issues and establish a knowledge-base of security-related research and analysis.” The center […]

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