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7 Percent Admit To Cheating On Taxes

CHICAGO (UPI) — Even though many U.S. taxpayers complain about taxes, a U.S. survey indicates only 7 percent admit to cheating on their taxes. A DDB Life Style Study survey uncovered that demographically, the biggest difference between tax cheats and non-cheats this year was still gender. Of admitted cheats, 72 percent were men. Fifty-five percent […]

Sales Outpace Inventories In February

WASHINGTON (UPI) — Manufacturing and trade business inventories rose 0.6 percent in February but sales rose 0.7 percent, the U.S. Commerce Department said Monday. Inventories rose to $1.57 trillion, a 7.6 percent increase from a year earlier. Trade sales and manufacturers’ shipments rose 0.7 percent, reaching $1.23 trillion. From February 2011, sales and shipments jumped […]

Retail Sales Up 0.8 Percent In March

WASHINGTON (UPI) — Retail sales rose 0.8 percent in March over February, with motor vehicle sales up 0.9 percent, the U.S. Census Bureau said Monday. With the figures almost in line, the sales gain excluding automobile sales remained consistent at 0.8 percent, the bureau said. Retail sales, including food service sales, adjusted for seasonal variations […]

State Tax Revenues Up Almost 9 Percent

WASHINGTON (UPI) — State tax revenues in the United States rose 8.9 percent in fiscal year 2011, the Census Bureau reported Thursday. Overall, taxes collected for states rose by $62.1 billion to $763.7 billion. Corporate net tax revenue rose 9.4 percent to $40.2 billion, but individual income tax rose even faster, climbing 9.8 percent to […]

DOT Proposes ‘Brake-Throttle Override’

WASHINGTON (UPI) — The U.S. Department of Transportation Thursday said it was time to equip vehicles with brake-throttle override systems to prevent runaway acceleration. The department proposed systems be installed “to ensure drivers can better stop a vehicle in the event both the brake and accelerator pedals are depressed at the same time.” The issue […]

Amazon Adds CDs To Trade-In Credit Program

SEATTLE (UPI) — Amazon says it has added CDs to its trade-in program that will allow owners of old copies of music CDs to turn them in for Amazon gift cards. Amazon’s trade-in offer currently accepts old electronics, textbooks, DVDs, and video games in return for a gift card. “Amazon is constantly updating the Trade-In […]

Apple Denies Price Fixing With Publishers

CUPERTINO, Calif. (UPI) — Apple Inc. on Friday denied colluding with U.S. publishers to fix the prices of electronic books. “The Department of Justice’s accusation of collusion against Apple is simply not true. The launch of the iBookstore in 2010 fostered innovation and competition, breaking Amazon’s monopolistic grip on the publishing industry,” company spokesman Tom […]

Foreclosure Figures Look Good At A Glance

IRVINE, Calif., (UPI) — U.S. foreclosure numbers look positive on the surface, but not when looking a little deeper, market researchers said Thursday. First-quarter foreclosures filings on U.S. properties declined to the lowest quarterly total since before the recession, said RealtyTrac, an online marketplace for foreclosed homes. The firm said there were 572,928 foreclosure filings […]

Initial Jobless Claims Rise In Week

WASHINGTON, N.Y., (UPI) — The U.S. Labor Department said first-time jobless claims rose by 13,000 in the week ended Saturday with 380,000 initial claims filed. The four-week rolling average rose by 4,250 from the previous week’s revised average of 364,250 to 368,500. The previous week’s first-time claims figure was also revised to 367,000 from 357,000. […]

15-Year Mortgage Rates Hit A New Low

WASHINGTON, (UPI) — Average U.S. mortgage rates for 15-year contracts hit a record low in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. Average rates for 15-year fixed-rate mortgages fell from 3.21 percent to 3.11 percent with 0.7 point, Freddie Mac said. In the same week of 2011, the average rate for […]

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