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Older Home Sales And Prices Rose In April

WASHINGTON, (UPI) — Existing U.S. home sales rose 0.9 percent in April month-to-month and prices rose significantly, the National Association of Realtors said Tuesday. The trade group said sales of single-family homes, townhomes, condominiums and co-ops rose 3.4 percent to an seasonally adjusted annual rate of 4.62 million in April, up from a downwardly revised […]

Restaurant Chain Benihana Inc. To Go Private

DORAL, Fla., (UPI) — Benihana Inc. the restaurant chain with about 100 outlets in the United States, Latin America and the Caribbean, said it would sell itself to a private firm. The firm, Angelo, Gordon & Co., would take the restaurant chain private for $296 million, pending approval from shareholders, the Los Angeles Times reported […]

Economic Outlook: Is Europe The New Japan?

What if Europe turned out to be the new Japan? The Japanese economy foundered for a decade, stuck in a time warp called “stagnation” after a recession hit in the early 1990s. The Tokyo government could not buy its way out of the mess, depleting every last available yen it could on stimulus programs over […]

Gold Nudges Higher

NEW YORK, (UPI) — Gold futures rose marginally Monday, adding 90 cents to reach $1,592.80 per troy ounce on the Comex division of the New York Mercantile Exchange. The dollar gave commodities priced in dollars a slight boost with the dollar index off 0.18 percent to 80.94. On the day, silver shed 26 cents to […]

Bahrain Turns To Solar Power

MANAMA, Bahrain, (UPI) — Energy Minister Abdul-Hussain Mirza said Bahrain was launching a pioneering solar project in Awali, seeking to rely solely on solar energy to power up the city. “It could lead to Bahrain building a factory to manufacture solar energy equipment,” Mirza said. The project will be powered by a 5 megawatt solar […]

FBI Taps ManTech For Support

FAIRFAX, Va., (UPI) — The U.S. Federal Bureau of Investigation’s information technology systems are receiving operational and support services from ManTech International Corp. The work will specifically be performed for the bureau’s Justice and Public Safety Systems and is worth $77 million. The split indefinite-delivery/indefinite-quantity award has a six-month base performance period and four option […]

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 […]


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