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U.N.: Eurozone Crisis Slowed Manufacturing

NEW YORK (UPI) — The financial crisis in Europe put a significant drag on global manufacturing in 2011, a U.N. report released Thursday said. Gains in manufacturing production slowed to 4.2 percent in the fourth quarter compared with the same period of 2010. That was the slowest quarterly gain for 2011 compared with the same […]

AT&T To Cap Data Plans

DALLAS (UPI) — AT&T customers will face slowdowns in service if they exceed data limits, a New York AT&T store said. The Wall Street Journal reported Thursday the phone carrier is spending billions of dollars to upgrade its service capacity. In the meantime, the firm said it would slow download speeds for 3G and 4G […]

EU Leaders Sign Fiscal Discipline Pact

BRUSSELS (UPI) — A treaty to curb fiscal mismanagement was signed Friday by a majority of European Union countries, officials said. Twenty-five of the EU’s member states signed the treaty, which will now move through Europe’s capital cities to be ratified by each country’s parliament. Only Britain and the Czech Republic choose not to sign […]

Yelp Charges Out Of The Gate With IPO

SAN FRANCISCO (UPI) — Rating and review Web site Yelp of San Francisco charged out of the gate in its initial public offering Friday, stock data shows. Yelp priced itself at $15 per share, but the price almost doubled in morning trading to $24.50 per share. That put the company at a value of $1.46 […]

Jobless Claims Down In Week

WASHINGTON (UPI) — The four-week moving average of first-time unemployment benefits dropped by 2,000 to 351,000 in the week ending Saturday, the U.S. Labor Department said. The four-week rolling average for initial benefit claims also dropped, declining by 5,500 to 354,000. The U.S. unemployment rate was 8.3 percent in January, down from 8.5 percent in […]

Construction Spending Nearly Flat

WASHINGTON (UPI) — Construction spending fell 0.1 percent month-to-month in January, the U.S. Census Bureau reported Thursday. Total construction spending reached $827 billion, down from the revised estimate of $827.6 billion in December, the bureau said. Spending for January was 7.1 percent above January 2011, when $772 billion was spent on construction projects. Spending on […]

U.S. Manufacturing Growth Slows

TEMPE, Ariz. (UPI) — U.S. manufacturing grew in February for the 31st consecutive month, but at a slower pace than January, supply executives said Thursday. The latest Manufacturing Institute of Supply Manager’s Report On Business registered 52.4 percent, a drop from January, when the index was at 54.1 percent. With numbers above 50 indicating expansion, […]

Long-Term Mortgage Rates Drop In Week

WASHINGTON, March 1 — Average fixed mortgage interest rates for long-term contracts fell in the week, the Federal Home Loan Mortgage Corp. said Thursday. Rates for 30-year contracts dropped from 3.95 percent to 3.9 percent with 0.8 point for the week. A year earlier, 30-year mortgage rates averaged 4.87 percent. The 15-year fixed rate in […]

Foreclosure-Related Sales At 24 Percent

IRVINE, Calif. (UPI) — Nearly a quarter of all U.S. home sales in the fourth quarter involved distressed properties in some stage of foreclosure, private firm RealtyTrac said. RealtyTrac, an online marketplace for properties in foreclosure, said 24 percent of home sales in October through December involved homes either owned by lenders or in some […]

Trump To Purchase Doral Golf Resort

MIAMI, Feb. 28 (UPI) — Developer Donald Trump said his company would purchase the Doral golf resort in Miami out of bankruptcy for $150 million. The purchase will include the 692-room hotel that will be the largest in Trump’s impressive portfolio of properties, The Miami Herald reported Tuesday. Trump said he would put an additional […]


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