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European Banks Picking Up New Capital

FRANKFURT, Germany, Jan. 25 (UPI) — Banks in Europe are well on their way toward satisfying new capital requirements set by regulators, data shows. Banks have been ordered to raise an additional $150 billion by summer to meet requirements meant to ensure they have enough capital on hand to weather a financial downturn, The New […]

Starbucks Keeps Alcohol Expansion Going

SEATTLE, Jan. 23 (UPI) — Coffee retailer Starbucks said it would begin serving beer and wine at outlets in Atlanta, Chicago and Southern California. Up to six stores in Southern California could be serving alcohol by the end of the year, Starbucks said. The franchise already has wine and beer on the menu in five […]

States Consider Rolling The Dice

LAS VEGAS, Jan. 23 (UPI) — Politicians choosing to give Las Vegas a run for its gambling revenues might find now is a good time to push the concept, an economics professor said. “People want jobs and they don’t want higher taxes. Legalizing casinos can be argued to create jobs and tax revenues,” said Douglas […]

Auto Show A Sign Of Industry Resurgence

DETROIT, Jan. 23 (UPI) — Attendance at the North American International Auto Show in Detroit was well above expectations, the event’s chairman said. The attendance record is more than 800,000, set in 2003, said event chairman Bill Perkins, who also owns several auto dealerships. The Detroit News reported Monday that this year it was predicted […]

Super Bowl Ads Called Misguided

WEST LAFAYETTE, Ind., Jan. 23 (UPI) — Expensive TV spots for the biggest U.S. sports spectacle of the year have become a misguided venture for advertisers, a University of Purdue professor says. Professional football’s big show, the Super Bowl, is often seen as an annual coming out party for no-holds-barred corporate ad campaigns. But airing […]

Foreclosure Deal Still Has Holdouts

WASHINGTON, Jan. 24 (UPI) — Holdouts disagreed with U.S. Housing Secretary Shaun Donovan, who said prosecutors were close to a deal with U.S. banks over their foreclosure practices. After a meeting with 15 Democratic state attorneys general, Donovan declared a deal was “very close,” The New York Times reported. Donovan also reached out to Republican […]

Netflix Reshuffles Marketing

LOS ANGELES, Jan. 21 (UPI) — U.S. movie rental company Netflix said its chief marketing officer Leslie Kilgore would be replaced by its vice president of marketing Jessie Becker. Becker has been with Netflix for 11 years, one short of Kilgore’s 12 years as the head of marketing, The Hollywood Reporter said Saturday. Becker’s new […]

Carnival Reviewing Cruise Ship Safety

MIAMI, Jan. 21 (UPI) — Carnival Corp., the U.S.-based parent of the operator of the Costa Concordia, says it’ll review all its cruise ships’ safety and emergency-response procedures. The review, which comes in response to the Costa Concordia disaster that has left at least 12 people dead, will examine the procedures at all 10 Carnival […]

Kia To Air Big Game Ads Early

LOS ANGELES, Jan. 21 (UPI) — Kia Motors USA said it would forgo some of the surprise factor in its Super Bowl ads this year, allowing U.S. audiences an initial viewing in movie theaters. The Super Bowl is more than a football game. It is also a television event that has become the parade of […]

Group: No Candidate Very Pro-U.S. On Trade

LOS ANGELES, Jan. 22 (UPI) — A non-profit, non-partisan group that promotes U.S.-made products at home and abroad says no presidential candidate is very pro-American on trade. Joel D. Joseph, chairman of the Made in the USA Foundation, said the group awarded points if the candidates opposed NAFTA and other free-trade agreements, like those recently […]

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