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IHS: Don’t Panic Yet Over Gas Prices

ENGLEWOOD, Colo. (UPI) — U.S. consumers paying $5 per gallon at gasoline pumps would be a serious economic setback but it is not a very likely one soon, IHS Inc. economists said. “If there is a serious oil supply disruption in the Middle East and Brent crude prices top $150 a barrel, pushing the national […]

Online Job Listings Rose In February

NEW YORK (UPI) — The ratio of job listings online to unemployed U.S. workers dropped below 1-to-3 for the first time since November 2008, The Conference Board said. Online job listings rose by 39,900 in February after rising in December and January, the research firm said Monday. There are 8.4 million more unemployed people than […]

Europe Flirting With Recession

BRUSSELS (UPI) — Eurostat, the statistical agency of the European Union, confirmed Tuesday that the economies of the eurozone shrank in the fourth quarter. The gross domestic product in the 17-nation region that shares the euro as currency fell 0.3 percent compared to the third quarter, the agency said, keeping its estimate consistent with the […]

Fuel Efficiency Rises Among New Cars Sold

DETROIT (UPI) — The fuel efficiency of all the cars sold in the United States is rising, a research institute in Michigan said. Vehicles purchased by consumers in February averaged 23.7 miles per gallon, up from 22.7 mpg in February 2011 and from 20.4 mpg in February 2008, the Michigan Transportation Research Institute said. The […]

Tablets Giving PCs A Run For The Money

SAN FRANCISCO (UPI) — Computer industry analysts from the United States and elsewhere are predicting sales of hand-held tablets will someday surpass personal computer sales. Tablets started out as, more or less, a novelty item, but came into their own when sales of Apple’s iPad took off after its launch in 2010, The New York […]

CFPB Expands Complaint Department

WASHINGTON (UPI) — The U.S. government said its complaints department for savings and checking accounts was now open for business. The recently launched Consumer Financial Protection Bureau, mandated by the 2010 Dodd-Frank financial overhaul bill, said it was now ready to handle complaints about checking and savings accounts in addition to credit card and mortgage […]

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 […]

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