Business
Mortgage Activity Surges With Rates Down
WASHINGTON (UPI) — U.S. mortgage activity rose last week, while long-term interest rates dropped, the Mortgage Bankers Association said Wednesday. The association said mortgage activity jumped 14.8 percent from the previous week, while refinancing activity rose 15 percent in the week ending Friday. Interest rates for 30-year, fixed-rate conforming mortgages fell from 3.77 percent to […]
U.S. Factory Orders Slide In January
WASHINGTON (UPI) — Factory orders for U.S. manufactured goods dropped 2 percent in January, not quite as much as economists predicted, the U.S. Census Bureau said Wednesday. New orders declined $9.6 billion to $472.9 billion. Economists had predicted a drop of 2.2 percent. Factory orders have dropped two of the past three months. In January, […]
Service Firms Show Slower Growth
TEMPE, Ariz. (UPI) — The pace of growth among U.S. service industries slowed in January from December, the Institute for Supply Management said Tuesday. The Purchasing Managers Index for non-manufacturing businesses has shown growth for 37 consecutive months. But the PMI slid from 55.7 to 55.2, indicating growth slowed. Once the figure hits and then […]
Retail Sales Up Marginally In Week
WASHINGTON (UPI) — U.S. retail receipts rose marginally in the week ending Saturday, a trade group in Washington said. The International Council of Shopping Centers-Goldman Sachs weekly sales report said sales rose 0.2 percent over the previous week and 1.8 percent over the same week of 2012. Sales were steady at clothing stores and higher […]
Martha Stewart Defends J.C. Penney Deal
NEW YORK (UPI) — Household goods trendsetter Martha Stewart said in New York State Supreme Court Tuesday that signing a deal with J.C. Penney was beneficial to consumers. Stewart’s company Martha Stewart Living Omnimedia already had a deal with department store Macy’s when MSLO sold 16.6 percent of itself to rival J.C. Penney in December […]
Yellow Pages To Lay Off 200
ST. LOUIS (UPI) — A union representative said YP Holdings, publishers of Yellow Pages, is laying off 200 workers this year in Dallas and St. Louis. “Obviously, we are never happy when members are losing their jobs. As far as we know, this is it for awhile, but we have no certainty of that,” said […]
More Older Workers Plan To Keep Working
CHICAGO (UPI) – Six of 10 U.S. workers age 60 or older would look for a new job once they retired from their current job, a nationwide survey found. In a survey conducted in November by Harris Interactive for human resources firm CareerBuilder, older workers indicating they would find a new job after retiring rose […]
FTC Complaints Set Record In 2012
WASHINGTON (UPI) — The U.S. Federal Trade Commission said it handled more than 2 million complaints in 2012, setting a record, with 18 percent of those involving identity theft. In an annual report detailing complaints it received, including breakdowns for different states and for the 50 most complaint-generating cities, the FTC said it dealt with […]
Durable Goods Orders Slipped In January
WASHINGTON (UPI) — U.S. durable goods orders declined 5.2 percent in January from December, the U.S. Commerce Department said Wednesday. Orders dropped further than expected as economists had predicted a slide of 4.4 percent. Orders retreated to $217 billion, off $11.8 billion from December, which had posted the category’s fourth consecutive month of increases. Transportation […]
Mortgage Action Drops In Week
WASHINGTON (UPI) — U.S. mortgage activity fell 3.8 percent last week, with long-term interest rates generally lower, the Mortgage Bankers Association said Wednesday. The association said its refinancing activity index for the week ending Friday dropped 3 percent compared to the previous week. Interest rates for 30-year, fixed-rate conforming mortgages fell from 3.78 percent to […]
You can opt-out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.
