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Business


Durable Goods Orders Dropped In March

WASHINGTON (UPI) — U.S. durable goods orders dropped 4.1 percent in March, falling farther than the consensus forecast, the Commerce Department said Wednesday. New orders dropped, while February’s estimate of 2.2 percent growth was revised to a 1.9 percent increase. In March, new orders rose by $8.8 billion to $202.6 billion. Transportation orders in March […]

Mortgage Activity Down Slightly In Week

WASHINGTON (UPI) — The Mortgage Bankers Association said U.S. mortgage activity dropped in the week ending Friday, despite dropping interest rates. Mortgage activity fell 3.8 percent in the week. The trade group’s Refinancing Index also fell 2.1 percent from the previous week. Interest rates for 30-year, fixed-rate conforming mortgages fell from 4.05 percent to 4.04 […]

Retail Receipts Rise In Week

WASHINGTON (UPI) — U.S. retail sales were up modestly in the week ending Saturday with increased traffic at department stores, a trade group said. The International Council of Shopping Centers said sales rose 0.8 percent compared to the previous week and 3.6 percent compared to the same week of 2011. Traffic at department stores, “perk[ed] […]

Fed Expects Low Rates Through 2014

WASHINGTON (UPI) — The U.S. Federal Reserve Wednesday said the economy was growing “moderately,” but it was still a long way off from changing its monetary policy. The central bank said its Open Market Committee “expects to maintain a highly accommodative stance for monetary policy … at least through late 2014,” referring to the federal […]

Bernanke Says QE3 Is Possible

WASHINGTON (UPI) — U.S. Federal Reserve Chairman Ben Bernanke asserted Wednesday that a third round of quantitative easing was an option policy makers would use if necessary. “We remain prepared to do more as needed to make sure that this recovery continues and that inflation stays close to target,” Bernanke said at a news conference […]

Corporate Spying Common A Study Says

MUNICH, Germany (UPI) — A study of German companies found that industrial spying is all but rampant and the spying involves companies in Germany and around the world. The spying involved companies in China, Russia, the United States and elsewhere, said the study conducted by Corporate Trust, a security firm. The study said nearly half […]

‘Do More With Less’ Not Sustainable

SAN FRANCISCO (UPI) — The top concern of executives in the United States and worldwide is retaining talent because the recession has burned out employees, researchers say. Lead study author Joshua Freedman, the chief operating officer of Six Seconds — The Emotional Intelligence Network, said a study of 775 business leaders and employees worldwide said […]

February Home Prices Show Ups And Downs

NEW YORK (UPI) — U.S. home prices show strengths and weaknesses in the housing market, the closely watched monthly Standard & Poor’s/Case-Shiller report said. In February, prices in some cities demonstrated resilience, while nine of 20 cities tracked by the Standard & Poor’s/Case-Shiller home price index reported post-crisis lows, the monthly report said. The report […]

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 […]

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