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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 […]

Import Prices Gain Sharply

WASHINGTON, (UPI) — U.S. import prices rose 1.3 percent in March following a revised 0.1 percent downturn in the previous month, the Department of Labor said Wednesday. It was the highest one-month gain since a 2.6 percent jump in April 2011. The increase was pushed by a 3.8 percent increase in prices for fuel, the […]

Gas Prices Down — If You Can Call It That

WASHINGTON, (UPI) — The national average price of regular gasoline fell — marginally — for the first time in 11 weeks, the U.S. Energy Information Administration said Wednesday. The national average price of gasoline dropped by $0.002 cent in the week to $3.939 per gallon, the agency said. The average price is now 14.8 cents […]

Beige Book Broadly Optimistic

WASHINGTON, (UPI) — The U.S. Federal Reserve said Wednesday that the economy expanded in each of its 12 districts from mid-February through March. “The economy continued to expand at a modest to moderate pace,” the central bank said in its latest national survey published eight times a year and referred to as the Beige Book […]

Hybrid Owners Show Little Loyalty

DETROIT, (UPI) — U.S. consumers with hybrid cars are not showing strong loyalty to hybrids when returning to dealer showrooms, a survey of car owners indicated. Industry researchers at R.L. Polk & Co. found 35 percent of hybrid owners maintain loyalty to hybrids, a figure that drops to 25 percent if just one brand, the […]

Planting Pace Remains Brisk

WASHINGTON, (UPI) — The U.S. Department of Agriculture said Monday corn planting is ahead of the historic average, with weather permitting an early start to field work. The long-term average for corn planting for this week of the year is 2 percent — farmers just beginning to scratch at the planting season. This year, 7 […]

Consumer Confidence Index Rises

RAMSEY, N.J., (UPI) — A monthly index of consumer optimism showed U.S. consumers slightly more confident in April compared to March. The Economic Optimism Index, released by the Investor’s Business Daily TechnoMetrica Institute of Policy and Politics, showed consumer sentiment about economic conditions had risen by 1.8 points or 3.8 percent in April to 49.3, […]

Best Buy CEO Dunn Steps Down

MINNEAPOLIS, (UPI) — U.S. retail giant Best Buy said Tuesday Chief Executive Officer Brian Dunn resigned. In a statement, the company said, “There was mutual agreement that it was time for new leadership to address the challenges that face the company.” Board member G. Mike Mikan was named interim CEO and will lead the search […]

After Layoffs, Yahoo! Tries A Shake-Up

SUNNYVALE, Calif., (UPI) — Yahoo! Inc.’s headquarters in California is undergoing a shakeup, a memo from Chief Executive Officer Scott Thompson says. The memo written for employees said the firm would organize itself around “consumer, regions and technology,” reported The New York Times, which reviewed the note. Thompson said the consumer division’s media business would […]

Most Popular Hyundai Models In Short Supply

(UPI)– South Korean automaker Hyundai is worried about running short of its two best-selling cars, the fuel-efficient Elantra and Sonata sedans. Hyundai sales jumped 13 percent in March as buyers gobbled up the cars, cutting inventories of the compact Elantra to just one day and 25 days for the Sonata, the Los Angeles Times said. […]

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