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Consumer Prices Up 3 Percent In 2011

WASHINGTON, Jan. 19 (UPI) — The Consumer Price Index rose 3 percent in December from a year earlier, although prices remained flat from November, the U.S. Commerce Department said. Core prices, which exclude energy and food items, were up 2.2 percent on an annual basis after rising 0.1 percent in December and 0.2 percent in […]

Housing Starts Down Month-To-Month

WASHINGTON, Jan. 19 (UPI) — New home construction in the United States fell slightly in December compared with November, the Commerce Department said Thursday. Housing starts fell 4.1 percent to a seasonally adjusted annual rate of 657,000, compared with a downwardly revised figure for November of 685,000. The rate of privately owned housing starts in […]

Jobless Claims Down Sharply

WASHINGTON, Jan. 19 (UPI) — Initial unemployment claims dropped by 50,000 to a seasonally adjusted 352,000 for the week ending Jan. 14, the U.S. Labor Department said Thursday. The previous week’s upwardly revised figure was 402,000, the department said in a release. At 379,000, the four-week moving average held to less than 400,000 for the […]

Iconic Kodak Files For Bankruptcy

ROCHESTER, N.Y., Jan. 19 (UPI) — U.S. corporate icon Eastman Kodak said Thursday it is the latest victim of a digital juggernaut that has put traditional media on high alert. Kodak, once a blue-chip corporation that symbolized slick, smart and smooth in product delivery, has been struggling to keep up with the digital age. The […]

30-Year Mortgage Rates At New Low

WASHINGTON, Jan. 19 (UPI) — Average fixed mortgage interest rates for 30-year contracts set record lows in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. The average rate dropped from 3.89 percent to 3.88 percent with 0.8 points, Freddie Mac said. The 15-year fixed rate rose from last week’s 3.16 percent to […]

Average Age Of Autos Ascends

DETROIT, Jan. 17 (UPI) — The average age of cars, pickups and sport utility vehicles still on the road has reached a record 10.8 years, up 0.4 of a year from 2010, a research firm said. The industry research firm R.L. Polk & Co. said the average age of passenger cars reached 11.1 years, up […]

Many Are Migrating To Find The Next Job

CHICAGO, Jan. 18 (UPI) — Making a career move may take U.S. workers far beyond their local job markets, a CareerBuilder survey found. In a survey of 3,000 employers and 7,000 workers that explored the concept of relocating, CareerBuilder said 20 percent of the respondents who were laid off and found new jobs in the […]

Producer Prices Down Slightly In December

WASHINGTON, Jan. 18 (UPI) — The U.S. Producer Price Index for finished goods fell overall in December, but core prices rose, the Bureau of Labor Statistics reported Wednesday. Core prices, which exclude food and energy items, jumped 0.3 percent in the month, a higher gain than the 0.1 percent rise economists predicted. For prices overall, […]

Mortgage Activity Surges In Week

WASHINGTON, Jan. 18 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity rose 23.1 percent in the week ending Friday, as interest rates on long-term loans fell slightly. Interest rates for 30-year, fixed-rate conforming mortgages fell from 4.11 percent to 4.06 percent with average points rising from 0.41 to 0.48. Rates for 15-year, fixed-rate […]

Cruise Industry Set Back By Disaster

MIAMI, Jan. 18 (UPI) — Financial analysts are downgrading prospects for cruise lines after a cruise ship disaster left at least 11 dead off the coast of Italy Friday. The death toll for the Costa Concordia accident could reach even higher. As of late Tuesday, Italian authorities said 24 persons were still missing, USA Today […]

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