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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 […]

Chicago Tribune Offers Staff Buyouts

CHICAGO, Jan. 16 (UPI) — Chicago Tribune management says editorial staff members will be offered voluntary severance packages in an operating cost-trimming move. “We begin the year with a need to reduce costs as we face the continued financial pressures from a weak economy and structural changes in our industry,” Senior Vice President Gerry Kern […]

The Biggest Brewers Slipped In 2011

NEW YORK, Jan. 16 (UPI) — A regional brewer from Pennsylvania saw big improvements in shipping in 2011, while giants of the industry saw shipments fall, a trade newsletter said. The behemoths of Anheuser-Busch, MillerCoors and Heineken USA all saw shipments fall in 2011. Anheuser-Busch saw a 2.9 percent drop in shipments, while MillerCoors saw […]

Burger King Testing Delivery Service

MIAMI, Jan. 16 (UPI) — Burger King said it would expand on an experiment of delivering burgers and fries to customers, which it began at four restaurants in Washington, D.C. As of next week, Burger King said it would expand the pilot program to 16 stores, The Los Angeles Times reported Monday. The company is […]

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