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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 […]

Bridge-In-A-Box System Tested For Military

SAN DIEGO, Feb. 8 (UPI) — Testing of a mobile, bridge-in-a-box system that can handle a 30-ton vehicle has been successfully completed, California’s ATA Engineering reports. The prototype of the system, called ARCS, consists of six segments of interleaved aluminum modules and can be adapted for varying bridging lengths and loads. ATA Engineering said technologies […]

CFOs: Humor A Key Part Of Workplace ‘Fit’

MENLO PARK, Calif., Feb. 6 (UPI) — A sense of humor is important for fitting into a company’s corporate culture and may be key to getting — or staying — employed, a U.S. survey says. The survey, developed by Accountemps, conducted by an independent research firm, was based on interviews with more than 1,400 chief […]

ABC-TV, Univision May Start News Channel

NEW YORK, Feb. 7 (UPI) — ABC-TV and Univision Communications Inc. are in talks to start a 24-hour cable-news channel for English-speaking U.S. Latinos, The Wall Street Journal reported. The unnamed channel would combine the resources of ABC News and Univision’s news division to compete against established U.S. cable channels CNN, Fox News Channel and […]

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