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Sears To Shutter 53 Hardware Outlets

HOFFMAN ESTATES, Ill. (UPI) — Sears Holding Corp. said Friday it will close 53 home improvement stores but hasn’t revealed the locations of the doomed outlets. “They are primarily independently owned and operated. We will not be putting out a list any time soon,” said Sears spokeswoman Kimberly Freely, referring to a list of specific […]

Banks Reviewing Conflict-Of-Interest Rules

NEW YORK (UPI) — Wall Street banks are reviewing their conflict-of-interest rules based on a recent court decision critical of a Goldman Sachs banker, experts said. A judge in Delaware was critical of financial adviser Stephen Daniel, who owned $340,000 in Kinder Morgan while advising Texas pipeline company El Paso Corp., which recently announced the […]

Energy Pushes Rise In Consumer Prices

WASHINGTON (UPI) — The Consumer Price Index rose 0.4 percent in February, with prices pushed by a sharp increase in the cost of gasoline, the U.S. Commerce Department said Friday. Gas prices jumped 6 percent, pushing the CPI to its highest one-month climb in 10 months. Food prices remained flat. That left core prices (excluding […]

Industrial Production Flat In February

WASHINGTON (UPI) — Industrial production was flat in February after a rise of 0.4 percent in January, the U.S. Federal Reserve said Friday. The January figure is revised from a month earlier, when the Fed said industrial production was unchanged from December. In February, Manufacturing output rose 0.3 percent, including a 1.1 percent rise in […]

Producer Prices Up 0.4 Percent

WASHINGTON (UPI) — The U.S. Producer Price Index for finished goods rose 0.4 percent from January to February, the Bureau of Labor Statistics reported Thursday. Overall, the price of finished goods rose slightly less than economists predicted. The consensus estimate called for a 0.5 percent rise in prices. Inflation is currently being held in check […]

Annual Foreclosure Rate Up In 21 States

IRVINE, Calif. (UPI) — Data shows that gains the U.S. housing market made in foreclosure activity are fading, an online foreclosed property marketplace reported Thursday. In February, 206,900 U.S. residential properties were involved in some stage of foreclosure — either in default or in preparation for a bank seizure or an involuntary auction, RealtyTrac reported […]

14,000 Fewer Jobless Claims Filed In Week

WASHINGTON (UPI) — The four-week rolling average of first-time unemployment benefits fell sharply in the week ending Saturday, the U.S. Labor Department said. After rising by 8,000 in the previous week, initial benefit claims fell by 14,000 to 351,000, the department said Thursday. The four-week rolling average was unchanged at 355,750, the department said. The […]

Advice: Leaving A Job? No Ranting

CHICAGO (UPI) — Chicago employment consulting company Challenger, Gray & Christmas warned employees not to burn bridges when they quit their jobs. The warning came in the wake of the resignation of Greg Smith, an executive from Goldman Sachs who wrote a scathing editorial about his employer published in The New York Times on his […]

Mortgages Take Cue From Bonds And Head Up

WASHINGTON (UPI) — Average long-term U.S. mortgage rates moved slightly higher in the week but remained below 4 percent, the Federal Home Loan Mortgage Corp. said Thursday. Average rates for 15-year fixed-rate contracts rose from 3.13 percent to 3.16 percent with 0.8 point, Freddie Mac said. In the same week of 2011 the average rate […]

Crude Oil Supplies Rise In Week

WASHINGTON (UPI) — U.S. crude oil inventories rose by 1.8 million barrels in the week that ended Friday, the U.S. Energy Information Administration said. The agency said crude oil inventories rose to 347.5 million barrels in the latest report. Supplies are in the upper limit for the average range for this time of year, the […]


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