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New Home Sales Down Month-To-Month

WASHINGTON, Feb. 24 (UPI) — Sales of new single-family homes declined 0.9 percent from December to January, the U.S. Commerce Department said Friday. Home sales in January came in at a seasonally adjusted annual rate of 321,000. In December 324,000 new homes were sold, the department said, releasing a revised figure. The rate of home […]

Europe’s GDP Slides In Fourth Quarter

BRUSSELS, Feb. 15 (UPI) — The eurozone’s economy grew in the fourth quarter compared to a year earlier, but shrank compared to the third quarter, Eurostat reported Wednesday. Eurostat, the statistical agency of the European Union, said the economies of the 17 nations that share the euro as currency fell 0.3 percent compared to the […]

Industrial Production Flat In January

WASHINGTON, Feb. 15 (UPI) — Industrial production was flat in January with a gain in manufacturing offset by declines in utilities and mining, the U.S. Federal Reserve said Wednesday. Manufacturing rose 0.7 percent, while production at utilities fell 2.5 percent in the month, as a mild winter has decreased demand for heating. Output at mines […]

Builder Confidence Up Five Months Running

WASHINGTON, Feb. 15 (UPI) — Builder confidence in the U.S. market for newly built, single-family homes rose slightly in February, a national housing market index indicated. The National Association of Home Builders/Wells Fargo Housing Market Index gained for the fifth consecutive month, adding 2 points to reach 29, the trade group said. The break-even point […]

Kellogg’s To Buy Pringles For $2.7 Billion

BATTLE CREEK, Mich., Feb. 15 (UPI) — U.S. corporate giant Procter & Gamble said Wednesday it has agreed to sell it snacks business to Kellogg Co. for $2.7 billion. The deal will shift ownership of Pringles, the iconic potato chip that comes in a tube, to the makers of Kellogg’s Corn Flakes and other well-known […]

CitiMortgage To Pay $158.3 Million Penalty

NEW YORK, Feb. 15 (UPI) — CitiMortgage Inc. has agreed to pay $158.3 million to settle charges it failed to meet U.S. quality standards with mortgages insured by the government. “For far too long, lenders treated (the Department of Housing and Urban Development) insurance of their mortgages like they were playing with house money. In […]

Retail Rose In January

WASHINGTON, Feb. 14 (UPI) — Retail sales rose 0.4 percent in January over December, with auto sales down 1.1 percent and gasoline sales up 1.4 percent, the U.S. Census Bureau said Tuesday. Retail sales, including food service sales, adjusted for seasonal variations but not for prices rose to $401.4 billion on January sales that were […]

Import Prices Rose In January

WASHINGTON, Feb. 14 (UPI) — U.S. import prices rose 0.3 percent in January following a 0.1 percent downturn in the previous month, the Department of Labor said Tuesday. The increase was triggered by gains in both fuel and non-fuel items, the department said. Prices for fuel imports for the month rose 1 percent, while non-fuel […]

Business Inventories Rose In December

WASHINGTON, Feb. 14 (UPI) — Manufacturing and trade business inventories rose 0.4 percent in December, just shy of the consensus forecast, the U.S. Commerce Department said Tuesday. Economists had expected a 0.5 percent rise from the previous month. Inventories rose to $1.55 trillion, an 7.7 percent increase from a year earlier. Trade sales and manufacturers’ […]

Moody’s Warns France And Britain

PARIS, Feb. 14 (UPI) — Moody’s Investor’s Service warned France Tuesday that its credit rating could be lowered if the debt problem spreading through Europe is not contained. The fear of the debt issue spreading further and deeper in the region has already resulted in repeated downgrades of credit scored across Europe. France, however, has […]

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