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Ford Posts Net Income Topping $20 Billion

DEARBORN, Mich., Jan. 27 (UPI) — U.S. automaker Ford Motor Co. said Friday it took a one-time accounting benefit that propelled its fourth quarter net income to $13.6 billion. It was the most ever for Ford in a fourth quarter and helped put the company in the black for the third consecutive year. Ford’s fourth […]

Chrysler Poised To Hire

AUBURN HILLS, Mich., Jan. 28 (UPI) — Chrysler Group LLC is set to hire 1,600 workers in Illinois, sources told the Chicago Tribune. The move, to be announced Thursday, is the initial stage of a hiring spree expected to last three years, the sources said. The first wave of hiring is being made to ramp […]

Two Of Five Want Healthy Super Bowl Food

WASHINGTON, Jan. 29 (UPI) — The Super Bowl and food go hand in hand, but a U.S. survey says 2 out of 5 individuals who plan to watch the big game say healthful food items are a must. The National Restaurant Association estimates 48 million Americans will order takeout or delivery food from a restaurant […]

Spending Flat Despite Wage Gains

WASHINGTON, Jan. 30 (UPI) — Consumer incomes rose in December, while consumer spending was flat, the U.S. Commerce Department’s Bureau of Economic Analysis said Monday. Incomes rose by $61.3 billion or 0.5 percent, while spending fell by $2 billion or less than 0.1 percent. Disposable incomes rose by $47.1 billion or 0.4 percent, the agency […]

Starbucks Ventures Into India

MUMBAI, Jan. 30 (UPI) — U.S. coffee giant Starbucks said Monday it had formed a joint venture with Tata Global Beverages to develop a presence in India. The venture will create a division called TATA Starbucks Ltd. Starbucks said outlets will start opening in 2012 in cities across India. The agreement calls for Tata to […]

Weekly First-Time Jobless Claims Jump

WASHINGTON, Jan. 26 (UPI) — Initial unemployment claims rose by 21,000 to a seasonally adjusted 377,000 for the week ending Jan. 21, the U.S. Labor Department said Thursday. The previous week’s upwardly revised figure was 356,000, the department said in a release. At 377,500, the four-week moving average held to less than 400,000 for the […]

Mortgage Rates Pull Away From Record Lows

WASHINGTON, Jan. 26 (UPI) — Average fixed mortgage interest rates for 30-year contracts rose from record lows in the week, the Federal Home Loan Mortgage Corp. said Thursday. Rates for 30-year contracts rose from 3.88 percent with 0.7 points to 3.98 percent after setting record lows for three consecutive weeks. A year earlier, 30-year mortgage […]

Economic Pain Stronger For U.S. Hispanics

WASHINGTON, Jan. 26 (UPI) — Data backs up the belief among U.S. Latinos that they’ve been hurt more by the economic downturn than other groups, researchers said. Fifty-four percent of Latinos say they believe that the economic downturn that began in 2007 has been harder on them than on other Americans, the Pew Hispanic Center, […]

U.S. Leading Indicators Rose In December

NEW YORK, Jan. 26 (UPI) — The U.S. index of leading economic indicators rose 0.4 percent in December, the Conference Board said Thursday. The Leading Economic Index, which has risen for the past seven months, climbed in December to 94.3, the Conference Board said. Economists had predicted a 0.7 percent rise based on steady gains […]

Super Bowl TV Deals Likely To Be Scarce

WASHINGTON, Jan. 27 (UPI) — U.S. shoppers hoping to find deals on big-screen TVs in time for the Super Bowl may have less success than in years past, industry analysts said. Retailers probably won’t have as many sets on hand compared with previous years, and deep price cuts will be harder find, they said. Shoppers […]

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