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Producer Prices Up 0.4 Percent

WASHINGTON (UPI) — The U.S. Producer Price Index for finished goods rose 0.4 percent from January to February, the Bureau of Labor Statistics reported Thursday. Overall, the price of finished goods rose slightly less than economists predicted. The consensus estimate called for a 0.5 percent rise in prices. Inflation is currently being held in check […]

Annual Foreclosure Rate Up In 21 States

IRVINE, Calif. (UPI) — Data shows that gains the U.S. housing market made in foreclosure activity are fading, an online foreclosed property marketplace reported Thursday. In February, 206,900 U.S. residential properties were involved in some stage of foreclosure — either in default or in preparation for a bank seizure or an involuntary auction, RealtyTrac reported […]

14,000 Fewer Jobless Claims Filed In Week

WASHINGTON (UPI) — The four-week rolling average of first-time unemployment benefits fell sharply in the week ending Saturday, the U.S. Labor Department said. After rising by 8,000 in the previous week, initial benefit claims fell by 14,000 to 351,000, the department said Thursday. The four-week rolling average was unchanged at 355,750, the department said. The […]

Advice: Leaving A Job? No Ranting

CHICAGO (UPI) — Chicago employment consulting company Challenger, Gray & Christmas warned employees not to burn bridges when they quit their jobs. The warning came in the wake of the resignation of Greg Smith, an executive from Goldman Sachs who wrote a scathing editorial about his employer published in The New York Times on his […]

Mortgages Take Cue From Bonds And Head Up

WASHINGTON (UPI) — Average long-term U.S. mortgage rates moved slightly higher in the week but remained below 4 percent, the Federal Home Loan Mortgage Corp. said Thursday. Average rates for 15-year fixed-rate contracts rose from 3.13 percent to 3.16 percent with 0.8 point, Freddie Mac said. In the same week of 2011 the average rate […]

Crude Oil Supplies Rise In Week

WASHINGTON (UPI) — U.S. crude oil inventories rose by 1.8 million barrels in the week that ended Friday, the U.S. Energy Information Administration said. The agency said crude oil inventories rose to 347.5 million barrels in the latest report. Supplies are in the upper limit for the average range for this time of year, the […]

Producer Prices Up 0.4 Percent

WASHINGTON (UPI) — The U.S. Producer Price Index for finished goods rose 0.4 percent from January to February, the Bureau of Labor Statistics reported Thursday. Overall, the price of finished goods rose slightly less than economists predicted. The consensus estimate called for a 0.5 percent rise in prices. Inflation is currently being held in check […]

Transit Strike Hobbles Italy

ROME (UPI) — Transit workers in Italy went on strike Wednesday, stopping train, bus and subway service for four hours to protest the government’s economic reforms. The strike slowed or halted services in Rome, Milan and Naples, as thousands of transit workers walked off their jobs, ANSA reported Wednesday. “The so-called ‘Grow Italy’ measure under […]

Fed: Large Banks Meet Capital Requirements

WASHINGTON (UPI) — The Federal Reserve said Tuesday most large U.S. banks are meeting capital requirements despite projected losses in a down economy. Summary results of the most recent round of bank stress tests showed “the majority of the largest U.S. banks would continue to meet supervisory expectations for capital adequacy despite large projected losses […]

Encyclopedia Britannica Ends Print Edition

CHICAGO (UPI) — Encyclopedia Britannica Inc., based in Chicago, says it is switching entirely to online publication after 244 years and the 2010 print version will be the last. Jorge Cauz, president of the Britannica, said sales of the book version represent only 1 percent of the company’s revenue, CNN reported Tuesday. The vast majority […]

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