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Firm Fires 1,300 Workers By Mistake

LONDON (UPI) — More than 1,300 financial district employees in London learned that they were fired by mistake this week, the firm Aviva Investors said. Workers at the insurance company’s asset management division were reportedly stunned to learn in a memo that they had been fired, only to find out later that the note that […]

Mining Asteroids? Let’s Go, Some Say

SEATTLE (UPI) — A group based in Seattle with serious credentials said it is time to start a mining company that would go after resources flying through space on asteroids. The group has announced the launch of the company Planetary Resources Inc., which would find a way to send either robots or astronauts into space […]

Mobile Firmly Fixed In Patent Landscape

ISSAQUAH, Wash. (UPI) — Patents related to mobile devices have soared in the past 10 years in the United States and Europe, consulting firm Chetan Sharma said Thursday. In the United States, patents related to mobile electronics rose 390 percent in the past 10 years. In Europe, they have risen 173 percent, the firm said. […]

Consumer Debt Is Shrinking

WASHINGTON (UPI) — Broad measures of U.S. consumer debt show the public has gone on a debt diet since the financial mess took hold. In the fall of 2007, just before the recession officially began, debt incurred through mortgages, credit cards, student loans and other borrowing amounted to 14 percent of the disposable income in […]

Counter-Terror Think Tank Goes Non-Profit

WASHINGTON (UPI) — A U.S. think tank in Washington that focuses on issues of global terrorism has been reorganized as a non-profit entity. The Terrorism Research Center said the change allows it to “continue the mission of raising public awareness on terrorism related issues and establish a knowledge-base of security-related research and analysis.” The center […]

Economic Upturn Appears To Be Stalling

WASHINGTON (UPI) — Economists in Washington and elsewhere are warning the economic recovery may be headed for a stall or a downturn, mimicking trends of the past two years. International Monetary Fund head Christine Lagarde said this week there is a “light recovery blowing in a spring wind,” The New York Times reported Friday. But […]

Tablet Owners Turn To Devices For TV

NEW YORK (UPI) — Tablets have become the preferred second-screen alternative to TVs for viewing full-length episodes, ahead of computers, a poll indicates. Tablet owners in a study commissioned by Viacom said 15 percent of their TV show viewing happens on the devices, reported Tuesday. The survey, which polled about 2,500 consumers who own […]

Weekly Jobless Claims Fall Slightly

WASHINGTON (UPI) — The U.S. Labor Department said first-time jobless claims dropped by 2,000 in the week ended Saturday with 386,000 initial claims filed. The four-week rolling average rose by 5,500 from the previous week’s revised average of 369,250 to 374,750. The previous week’s first-time claims figure was also revised to 388,000 from 380,000. The […]

Existing Home Sales Down In March

WASHINGTON (UPI) — Sales of existing homes fell 2.6 percent from February to March, as inventory tightened, the National Association of Realtors said Thursday. Existing home sales in March came in at a seasonally adjusted annual rate of 4.48 million, up from an upwardly revised 4.6 million in February. Sales for March were 5.2 percent […]

Mortgage Rates Move A Touch Higher

WASHINGTON (UPI) — Average U.S. mortgage rates for long-term, fixed-rate contracts rose in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. Average rates for 30-year contracts rose from 3.88 percent to 3.9 percent with 0.8 point. Thirty-year mortgage rates averaged 4.8 percent the same week of 2011. Average rates on 15-year contracts […]


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