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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 […]

Producer Price Index Flat In March

WASHINGTON, (UPI) — The U.S. Producer Price Index for finished goods was unchanged February to March, the Bureau of Labor Statistics reported Thursday. Economists had predicted a 0.2 percent bump in prices producers charge for finished goods. Core prices, which exclude food and energy — did rise 0.3 percent in the month. But energy prices […]

U.S. Trade Gap Declined In February

WASHINGTON, (UPI) — The U.S. trade deficit dropped in February for the first time in four months, the U.S. Census Bureau said Thursday. After climbing by $2.2 billion to a revised January figure of $52.5 billion, the trade gap dropped back to $46 billion on exports of $181.2 billion and imports of $227.2 billion, the […]

Mortgage Activity Down Slightly In Week

WASHINGTON, (UPI) — The Mortgage Bankers Association said U.S. mortgage activity fell slightly in the week ending Friday, despite a drop in long-term interest rates. After rising the previous week, mortgage activity fell 2.4 percent. The trade group’s Refinancing Index also dropped, falling 3.1 percent from the previous week. Interest rates for 30-year, fixed-rate conforming […]

Retail Sales Up A Touch

WASHINGTON, (UPI) — U.S. retail sales were up a touch in the week ending Saturday with increased traffic at shopping malls, a trade group said. The International Council of Shopping Centers said sales rose 0.5 percent compared to the previous week and 4.5 percent compared to the same week of 2011. Traffic increased in shopping […]

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