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Custodians In Chicago Authorize Strike

CHICAGO, (UPI) — A services employees union in Chicago said rank-and-file members have authorized a strike if a deal is not struck by Sunday, when their contract expires. The Services Employees International Union Local 1, which represents 13,000 custodians, is holding talks, separately, with management firms that cover downtown Chicago and outlying suburbs, the Chicago […]

CFTC To File Case Against JP Morgan

NEW YORK, (UPI) — U.S. regulators are poised to file a case against JP Morgan Chase for its role in the collapse of Lehman Brothers in 2008, sources told The New York Times. The sources said that the Commodity Futures Trading Commission is set to charge JP Morgan with using customer funds as collateral to […]

AFA Files For Bankruptcy Due To ‘Slime’

WILMINGTON, Del. (UPI) — U.S. meat processing firm AFA Foods Inc. says it has filed for bankruptcy due to a consumer backlash over a product critics call “pink slime.” The company supplies meats to Wal-Mart Stores Inc., Safeway, Supervalu Inc., Burger King, Jack in the Box Inc., and others, The Wall Street Journal reported Monday. […]

Burger King Launches Its Comeback

MIAMI (UPI) — U.S. fast food giant Burger King is counting on celebrities and a new menu to turn around its slide in market shares, the firm said. “We wanted to make sure we went out with a message that caught people’s attention. The reaction we want from consumers is, ‘I want to go out […]

A Simple Fix For Housing: Buy, Rent

RIVERSIDE, Calif. (UPI) — The low prices of homes present a “huge opportunity” for buying and renting properties, the co-founder of a California company said. “We think this is a huge opportunity and we are going to treat it like a factory and create a production line to do this,” said Colin Wiel, co-founder of […]

Factory Orders Rose In February

WASHINGTON (UPI) — U.S. factory orders rose 1.3 percent from January to February with orders reaching to $468.4 billion, the U.S. Census Bureau reported Tuesday. Factory orders increased by $6 billion, coming in just shy of expectations. Economists predicted new orders to rise 1.4 percent. Excluding transportation, new orders rose 0.9 percent. Shipments of goods, […]

Retail Sales Rebound In Week

DETROIT (UPI) — U.S. retail sales rebounded in the week ending Saturday as warmer temperatures continued to shape the retail environment. The International Council of Shopping Centers said sales rose 3.8 percent compared to the previous week, in part due to pent up demand. A week earlier, sales fell 0.5 percent compared to the prior […]

Gallup: Romney Support At 40 Percent

PRINCETON, N.J. (UPI) — The latest Gallup poll Friday indicated Mitt Romney has the support of 40 percent of Republicans in the battle for the GOP’s U.S. presidential nomination. It is first time a U.S. presidential candidate has reached that level in this campaign. The result came in the same week Romney posted a convincing […]

Geithner: No Plans To Increase IMF Funding

WASHINGTON (UPI) — U.S. Treasury Secretary Timothy Geithner said Wednesday there were no plans to increase U.S. aid to the International Monetary Fund. In a prepared text presented to the House Financial Services Committee, Geithner said the European economy was critical and its troubles had wide-ranging implications. However, “We have no intention to seek additional […]

U.S. Mortgage Rates Move Higher

WASHINGTON (UPI) — Average long-term U.S. mortgage rates topped 4 percent for the first time in months in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. Rates for 30-year contracts rose from 3.92 percent to 4.08 percent with 0.8 point for the week. A year earlier, 30-year mortgage rates averaged 3.92 percent. […]


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