Business
Justice Department Sues To Stop AT&T, T-Mobile Merger
WASHINGTON, Aug. 31 (UPI) — The U.S. Justice Department filed suit in Washington to block a proposed AT&T merger with T-Mobile Wednesday, saying the combination would hurt customers. At a press conference, Deputy Attorney General James Cole said “We all reap the benefits of this incredible technology,” referring to wireless telecommunications. However, he said, “we […]
Jobs Up, Layoffs Down In August
ROSELAND, N.J., Aug. 31 (UPI) — Payroll company Automatic Data Processing said Wednesday the private sector added 91,000 jobs to the economy in August. The firm also reported a revised figure for July that pegs job gains for that month at 109,000, rather than the 114,000 previously reported. The figure for August came in about […]
Factory Orders Rose In July
WASHINGTON, Aug. 31 (UPI) — U.S. factory orders rose 2.4 percent in July, far higher than economists expected, the U.S. Census Bureau reported Wednesday. Economists had expected factory orders to rise 1.5 percent. Orders have risen for two of the past three months. In July, orders jumped by $10.5 billion to $453.2 billion. Excluding transportation […]
Mortgage Activity Down In Week
WASHINGTON, Aug. 31 (UPI) — The Mortgage Bankers Association says U.S. mortgage activity fell in the week ended last Friday as mortgage costs were little changed. Interest rates for 30-year, fixed-rate mortgages fell from 4.39 percent to 4.32 percent with points rising from 0.88 to 1.03. Rates for 15-year, fixed-rate contracts fell from 3.56 percent […]
Nature Sent Shoppers Toward The Basics
WASHINGTON, Aug. 31 (UPI) — U.S. shoppers spent money on staples as an earthquake and hurricane altered the retail week, a trade group in Washington said. Retail sales rose marginally in the week ended last Saturday, the International Council of Shopping Centers said. Sales rose 0.1 percent from the previous week and 3 percent from […]
Home Values Saved One Demolition At A Time
CLEVELAND, Aug. 29 (UPI) — U.S. lenders say protecting a home is one thing and protecting home values another, so they are calling in bulldozers to make their point. “We want to make loans on an ongoing basis, and to do so, we need stable to rising home values,” said Russ Cross, vice president of […]
Target's Canada Expansion Creating Jobs
TORONTO, Aug. 30 (UPI) — U.S. retailing giant Target launched an online search for thousands of Canadian employees for its launch of 135 new stores in 19 months. Target Canada, with headquarters west of Toronto in Mississauga, opened the http://www.target.ca/careers Web site Monday, featuring openings for mostly senior positions such as human-resource managers and business […]
Target’s Canada Expansion Creating Jobs
TORONTO, Aug. 30 (UPI) — U.S. retailing giant Target launched an online search for thousands of Canadian employees for its launch of 135 new stores in 19 months. Target Canada, with headquarters west of Toronto in Mississauga, opened the http://www.target.ca/careers Web site Monday, featuring openings for mostly senior positions such as human-resource managers and business […]
U.S. Home Prices Up Quarter To Quarter
NEW YORK, Aug. 30 (UPI) — U.S. home prices rose from the first quarter of 2011 to the second, but remain down on an annual basis, a closely watched housing index showed Tuesday. The Standard & Poor’s/Case-Shiller Home Price Index found prices rose 3.6 percent from the first quarter after dropping 4.1 percent from the […]
Consumer Confidence Slides Hard In August
NEW YORK, Aug. 30 (UPI) — Consumer confidence in the United States hit the lowest point in more than two years in August, the Conference Board said Tuesday. “Consumer confidence deteriorated sharply in August, as consumers grew significantly more pessimistic about the short-term outlook,” Lynn Franco, director of The Conference Board Consumer Research Center, said […]
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