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Crude Oil Prices Drop Under $99

NEW YORK, (UPI) — The price of crude oil in New York plunged Friday to less than $99 per barrel after a U.S. Labor Department report indicated the economic recovery had stalled. The U.S. economy added 115,000 jobs in April and the unemployment rate dropped from 8.2 percent to 8.1 percent. But the lower rate […]

Brewing Byproducts Used To Feed Cattle

BOULDER, Colo., (UPI) — Barley byproducts from Colorado’s booming craft-brewing industry are increasingly being used to supplement corn fed to cattle, officials say. Stephen Koontz, an agricultural economist at Colorado State University, said beer brewers and livestock feeders alike benefit, The Denver Post reported. “The distiller or brewer has a lot of byproduct,” Koontz said. […]

Unemployment At 8.1 Percent — If This Is Recovery, Where Are The Jobs?

No matter how the unemployment figures are spun, a lot of people still are out of work, some 12.3 million. The U.S. Labor Department’s Bureau of Labor Statistics released the April unemployment statistics Friday, showing they ticked down a notch to 8.1 percent — better than March’s 8.2 percent and much better than April 2011 […]

Buffett: Berkshire Will Stay On Course

OMAHA, (UPI) — Warren Buffett Saturday assured his stockholders in Omaha Berkshire Hathaway will not stray from its bedrock investment strategy once he steps down. Buffett, who recently announced he has prostate cancer, said at the company’s annual meeting his successor as chief executive officer also will have the responsibility of “chief risk officer” with […]

Spirit CEO Apologizes To Dying Veteran

MIRAMAR, Fla., (UPI) — A Vietnam veteran with cancer said the chief executive officer of Florida’s Spirit Airlines has apologized after refusing at first to give him a refund. CEO Ben Baldanza also issued a statement saying the airline’s refund policy is part of the reason the discount airline can keeps fares low, but failing […]

Ford Sheds Plant In ‘Win, Win, Win’ Deal

DETROIT (UPI) — Ford Motor Co. said it had agreed to sell French auto supplier Faurecia its Saline, Mich., parts business in a deal that will add jobs to the Detroit area. The deal involves three parties, Ford, Faurecia and Rush Group Ltd., the Detroit Free Press reported Thursday. Faurecia and Rush Group will form […]

Layoff Announcements Rose In April

CHICAGO (UPI) — U.S. employers announced a reduction of 40,559 jobs in April, a moderate increase from the 37,880 layoffs announced in March, a private research group said. Total job cuts announced for the month were up 7.1 percent from the previous month, outplacement consultancy Challenger, Gray & Christmas said Thursday. For the year to […]

Fixed-Rate Mortgages Hit Record Lows

WASHINGTON (UPI) — Average U.S. mortgage rates for long-term, fixed-rate contracts reached record lows in the week, the Federal Home Loan Mortgage Corp. said. In the week ending Thursday, average rates for 30-year contracts dropped from 3.88 percent with 0.7 points to 3.84 percent — a record low — with 0.8 points. Thirty-year mortgage rates […]

Unemployment Rate Dips To 8.1 Percent

WASHINGTON (UPI) — The U.S. economy added 115,000 jobs in April, dropping the unemployment rate to 8.1 percent, the Labor Department said Friday. Much of the decrease from 8.2 percent was due to large numbers of people dropping out of the workforce. The Labor Department said the private sector added 130,000 jobs but the number […]

Public Begins To Forgive Walmart

PALO ALTO, Calif. (UPI) — The public’s opinion of retailer Walmart is already correcting itself after a dip caused by a scandal involving alleged bribes in Mexico, YouGov reported. The New York Times broke the story in late April that Walmart’s massive expansion in Mexico last year was lubricated by bribes to public officials. The […]

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