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UAW To Train Members To Protest

DETROIT, Feb. 10 (UPI) — United Auto Workers chief Bob King said U.S. workers’ rights are being trampled by “right-wing Republicans” and “1-percenters” and it’s time to take action. King said the union would train members to take part in demonstrations, even illegal ones, The Detroit News reported Friday. “It will take direct action. It […]

More Small Firms Indicate Hiring Plans

PRINCETON, N.J., Feb. 8 (UPI) — U.S. small business owners are expressing more optimism about hiring than they have since January 2008, a Gallup poll indicates. In a survey conducted Jan. 9-13, 22 percent of small business owners said they were likely to take on new employees this year, while 8 percent indicated they were […]

First-Time Jobless Claims Down By 15,000

WASHINGTON, Feb. 9 (UPI) — Initial unemployment claims fell by 15,000 to a seasonally adjusted 358,000 for the week ending Feb. 4, the U.S. Labor Department said Thursday. The previous week’s figure was revised from 379,000 to 373,000, the department said in a release. At 366,250, the four-week moving average held to less than 400,000 […]

Toyota To Build More Highlanders In U.S.

CHICAGO, Feb. 9 (UPI) — Toyota Motor Corp. said it plans to invest $400 million in its Princeton, Ind., plant to increase production of Highlander hybrid sport utility vehicles. The investment will add 400 jobs at the plant — known as Toyota Motor Manufacturing Indiana Inc. or TMMI, Yoshimi Inaba, president of Toyota Motor North […]

Mortgage Rates Up Slightly In Week

WASHINGTON, Feb. 9 (UPI) — Average fixed mortgage interest rates for long-term contracts rose slightly or held even in the week, the Federal Home Loan Mortgage Corp. said Thursday. Rates for 30-year contracts held steady at 3.87 percent with 0.8 points for the week. A year earlier, 30-year mortgage rates averaged 5.05 percent. The 15-year […]

Five Banks, 49 States Strike Foreclosure Deal

WASHINGTON, Feb. 9 (UPI) — President Obama hailed a $25 billion agreement among 49 states, the U.S. government and the five biggest mortgage servicers. “We have reached a landmark settlement with the nation’s largest banks” which will “begin to turn the page on an era of recklessness,” Obama said. The bad lending practices and foreclosure […]

Mortgage Activity Rises With Rates At Lows

WASHINGTON, Feb. 8 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity rose 7.5 percent in the week ending Friday, as long-term interest rates hit record lows. Interest rates for 30-year, fixed-rate conforming mortgages fell from 4.09 percent to 4.05 percent with average points rising from 0.41 to 0.44. The MBA said interest rates […]

Yahoo! Shakes Up Its Board

SUNNYVALE, Calif., Feb. 8 (UPI) — Struggling U.S. Internet giant Yahoo! said four directors, including its chairman, would step aside and that two new board members had been appointed. Chairman Roy Bostock and board members Gary Wilson, Arthur Kern and Vyomesh Joshi are resigning as the company tries to shake off the embarrassment of turning […]

Job Openings Hit Three-Year High

WASHINGTON, Feb. 8 (UPI) — The U.S. Department of Labor said there were 3.4 million job openings on the last business day of December, a three-year high. While job openings rose from November’s figure of 3.1 million, available jobs aren’t high by historic standards. In December 2007, as the recession began, there were 4.4 million […]

Three States Set To Join Foreclosure Deal

WASHINGTON, Feb. 8 (UPI) — Arizona, Florida and Michigan are set to join at least 40 other states in a settlement over foreclosure abuses by nationwide lenders, officials said. Twincities.com, the online version of the St. Paul, Minn., Pioneer Press, reported Wednesday that officials with direct knowledge of the deal making said Arizona and Florida […]

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