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Home Construction Starts Rose In April

WASHINGTON (UPI) — New home construction starts in the United States rose in April, but permits that predict future business fell, the Commerce Department said Wednesday. Housing starts rose to a seasonally adjusted annual rate of 717,000, up 2.6 percent compared with a revised figure for March of 699,000. The rate of single-family housing starts […]

Report: GM Dropping Facebook Ads

DETROIT (UPI) — General Motors Co. will drop high-flying Facebook from its U.S. advertising program due a lack of impact on its customers, sources told The Wall Street Journal. The venerable automaker will maintain its Facebook page, which costs GM nothing, but will no longer buy ads on the booming social media site, which is […]

In Europe, Recessions Abound

BRUSSELS (UPI) — Eurostat, the statistical agency of the European Union, confirmed Tuesday the economies of the Europe were stagnant in the fourth quarter. In the 17-member eurozone, the gross domestic product was unchanged. In the 27-member European Union, it was up 0.1 percent. Both figures are part of a flash estimate, a preliminary report […]

Retail Sales Up Marginally In April

WASHINGTON (UPI) — Retail sales rose 0.1 percent in April over March with motor vehicle sales up 0.5 percent, the U.S. Census Bureau said Tuesday. The gain was shy of expectations with economists predicting a 0.2 percent rise and short of March’s gain, which was 0.7 percent. Retail sales, including food service sales, adjusted for […]

Congress Panel Backs Higher Arms Buys

WASHINGTON (UPI) — A U.S. House of Representatives committee wants $5.3 billion more allocated for defense spending in 2013 to enable the government procurement agencies to buy more aircraft, ships, vehicles and weapons, news reports said. There was no immediate independent comment on the report from Gannett news outlets, which said it sourced the information […]

Consumer Price Index Unchanged In April

WASHINGTON (UPI) — The Consumer Price Index was unchanged in April on a seasonally adjusted basis, the U.S. Commerce Department said Tuesday. On a 12-month basis, the CPI for all items rose 2.3 percent before seasonal adjustment, the lowest figure since February 2011. The index for all items minus food and energy also rose 2.3 […]

Builder Confidence Hits 5-Year High

WASHINGTON (UPI) — U.S. builder confidence in the market for new homes is on the rise in most of the country, the National Association of Home Builders said Tuesday. The National Association of Home Builders/Wells Fargo Housing Market Index for May was 29, up five points from last month and the highest reading since May […]

Best Buy Chairman Schulze To Leave

MINNEAPOLIS (UPI) — U.S. retailer Best Buy said founder Richard Schulze would resign after failing to tell board members about a former executive’s affair with a staff member. Former Chief Executive Officer Brian Dunn resigned in April when it was brought to the attention of the board he had “an extremely close personal relationship with […]

Yahoo!’s Former CEO Diagnosed With Cancer

SUNNYVALE, Calif. (UPI) — U.S. search engine firm Yahoo! Inc. announced a board shake-up following discovery its chief executive officer’s resume was falsified. The company did not mention its former CEO Scott Thompson’s health. The Wall Street Journal reported Monday sources said Thompson had been diagnosed with thyroid cancer. The diagnosis had just been discovered […]

Retailer Fires CFO For Social Media Leak

HOUSTON (UPI) — U.S. clothing and accessories seller Francesca’s said it had fired Chief Financial Officer Gene Morphis for sharing company information on a social Web sites. The company said it had investigated Morphis’ behavior with help from an outside council and “found that he improperly communicated company information through social media.” The firm said […]


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