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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 […]

Early Thoughts On Auto Bailout Revealed

WASHINGTON, Jan. 24 (UPI) — White House economic adviser Lawrence Summers warned not to push U.S. auto companies into bankruptcy too quickly, a recently surfaced document says. A document prepared for President-elect Barack Obama in December 2008 warned that options of an early bankruptcy filing for General Motors and Chrysler considered by the George W. […]

Home Prices Up Slightly In November

WASHINGTON, Jan. 25 (UPI) — U.S. home prices rose 0.1 percent in November compared with October, the Federal Housing Finance Agency said Wednesday. Home prices were down 1.8 percent from November 2010 and down 18.8 percent from the peak of April 2007, the agency said. Of the nine districts tracked, prices in the Middle Atlantic […]

Pending Home Sales Slipped In December

WASHINGTON, Jan. 25 (UPI) — A pending U.S. home sales index slipped 3.5 percent in December, the National Association of Realtors said Wednesday. The Pending Home Sales Index fell further than expected. Economists had predicted a drop of 0.1 percent. December’s drop put the index at 96.6, down from November’s 100.1. From December 2010, the […]

A New Look At McDonald’s

OAK BROOK, Ill., Jan. 25 (UPI) — McDonald’s executives said it is time to expand and to redecorate existing restaurants in the United States and elsewhere. “We believe now is an opportune time to strategically increase new store openings while continuing a significant focus on re-imaging,” McDonald’s Chief Finance Officer Peter Bensen said, The Chicago […]

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