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Sign Of The Times: Knockoffs Get Humble

LOS ANGELES, Feb. 4 (UPI) — Be it ever so humble, even knockoffs in California are trading down these days, fashion and retail experts said. What used to be limited to a parasitic relationship with exclusive brands has spread to lower-shelf merchandise, experts said. “Even lower-priced brands feel like a stretch in this economy, and […]

Hormel To Phase Out Gestation Crates

AUSTIN, Minn., Feb. 4 (UPI) — U.S. meat producer Hormel Foods Corp. said it would give up constricting gestation crates for its pigs by 2017. The company is following in the footsteps of meat producers Tyson, Triumph, Smithfield Foods Inc., and Seaboard to phase out the crates, the Los Angeles Times reported. Hormel raises pigs […]

Apple Alters iBooks Agreements

CUPERTINO, Calif., Feb. 4 (UPI) — U.S. technology giant Apple said the content created with iBooks Author software belongs to the author, not to the company. The original agreement had provoked some concern that Apple appeared to be saying in its iBooks End-User License Agreement that the content written with the easy-to-publish program was owned […]

Iran Pledges To Defy Western Embargo

TEHRAN, Feb. 4 (UPI) — Iranian Oil Minister Rostam Qassemi said Iran will hold firm on defiance of pressure from foreign countries to abandon an alleged nuclear weapons program. “We will not give up our righteous stance,” Qassemi said at a news conference. The Fars News Agency said Qassemi took the position that an oil […]

Key States Lean Toward Foreclosure Deal

WASHINGTON, Feb. 6 (UPI) — California and New York appear ready to join in an agreement with national banks to settle widespread foreclosure processing abuses, officials said. New York Attorney General Eric Scheiderman has said progress is being made on an agreement he was previously reluctant to support, The New York Times reported Monday. California […]

Chrysler Starts The Year With A Big Jump

DETROIT, Feb. 1 (UPI) — U.S. automaker Chrysler Group LLC posted a January-to-January sales gain of 44.3 percent, Autodata reported Wednesday. Chrysler, the smallest of the so-called Big Three, said it sold 101,149 vehicles in January, compared with 70,118 in January 2011. Sales at General Motors Co. declined 6.1 percent January to January with a […]

American Airlines To Cut Spending And Workforce

FORT WORTH, Texas, Feb. 1 (UPI) — AMR Chief Executive Officer Tom Horton said Wednesday that U.S. carrier American Airlines is aiming for 20 percent in cost reductions across the board. In a memo addressed employees, Horton said, “all work groups will have total costs reduced by 20 percent, including management.” The memo did not […]

Initial Jobless Benefit Claims Drop

WASHINGTON, Feb. 2 (UPI) — Initial unemployment claims fell by 12,000 to a seasonally adjusted 367,000 for the week ending Jan. 27, the U.S. Labor Department said Thursday. The previous week’s upwardly revised figure was 379,000, the department said in a release. At 377,750, the four-week moving average held to less than 400,000 for the […]

Non-Farm Productivity Up 0.7 Percent

WASHINGTON, Feb. 2 (UPI) — The U.S. Labor Department said non-farm productivity rose 0.7 percent annual rate in the fourth quarter. Output rose 3.6 percent after rising 3.2 percent in the third quarter. Hours worked rose 2.9 percent after rising 0.8 percent in the third quarter, the department said. In the past 12 months, comparing […]

Job Cuts Spiked In January

CHICAGO, Feb. 2 (UPI) — U.S. employers in January announced a reduction of 53,486 jobs, a 28 percent jump over layoffs announced in December, a private research group said. The total for the month was also 39 percent higher than January 2011 and shows a labor market that is headed in two directions. While larger […]

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