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Construction Spending Rose In December

WASHINGTON, Feb. 1 (UPI) — Construction spending for December rose 1.5 percent above November, but fell 2 percent in 2011 compared to 2010, the U.S. Census Bureau reported Wednesday. Spending on private and public projects for November reached a seasonally adjusted annual rate of $816.4 billion, the monthly construction spending report said. For the year, […]

Group Plans Protests Ahead Of China Visit

WASHINGTON, Jan. 31 (UPI) — A coalition of U.S. labor unions, Democratic politicians and trade advocacy groups is planning a trade protest ahead the Chinese vice president’s U.S. visit. The coalition said it plans to announce Tuesday the final states of its campaign in Washington, The New York Times reported. The group said it will […]

European Job Data Shows Lack Of Recovery

BRUSSELS, Jan. 31 (UPI) — The unemployment rate in the eurozone was unchanged in December compared to November, holding at 10.4 percent, the European Union’s data office said Tuesday. The rate is a modest tick higher than the 10 percent rate of December 2010 but shows a clear lack of an economic recovery. The gross […]

Home Prices Continue To Fall

NEW YORK, Jan. 31 (UPI) — U.S. home prices declined in both 10-city and 20-city composite indexes in November, the closely watched S&P/Case-Shiller home index report said. Considered a base line economic indicator showing consumers are confident enough to invest in a home, prices are will well off the April 2006 peak, the report shows. […]

Retail Sales Up A Touch

WASHINGTON, Jan. 31 (UPI) — U.S. sales receipts at chain stores rose slightly in the week ending Saturday, the International Council of Shopping Centers said Tuesday. Sales rose 0.1 percent in the week, but came in 3.9 percent higher than the same week of 2011, the trade group said. Consumer trends shifted “towards staples and […]

Consumer Confidence Slides

NEW YORK, Jan. 31 (UPI) — Consumer confidence in the United States retreated in January after two months of gains, the Conference Board said Tuesday. The index hit a two-year low in August, then posted gains in September, November and December, sliding a touch in October. In January, the index dropped from 64.8 to 61.1, […]

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 […]

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