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Airlines Expect Fewer Holiday Passengers

NEW YORK, Dec. 20 (UPI) — U.S. airlines are expecting 1 percent fewer passengers this holiday season compared with 2010, a trade group said. Airlines for America forecast 43.3 million passengers will board planes in a 21-day stretch defined as holiday traveling, CNN reported Tuesday. The drop from 2010 to 2011 is about 20,000 passengers, […]

Spending On Gasoline Hits A Record

NEW YORK, Dec. 20 (UPI) — The average U.S. household is expected to spend a record 8.4 percent of its income on income on gasoline in 2011, the Oil Price Information Service said. Although the price of crude oil spiked at a record $147 per barrel in July 2008, the price fell sharply to less […]

Franchises To Grow In 2012

WASHINGTON, Dec. 20 (UPI) — Jobs at U.S. franchise stores and restaurants are expected to grow by 2.1 percent in 2012, a trade group said. The Intentional Franchise Association projected franchise firms would have a collective 8.1 million on their payrolls next year, the Los Angeles Times reported Tuesday. Revenue at franchise businesses is expected […]

Holiday Party, Slip-Sliding Away

LOS ANGELES, Dec. 17 (UPI) — The typical U.S. office party has gone from an open-bar, brass-band blowout to a meek, cost-effective, employees-only seasonal fete, surveys indicate. The annual survey done by executive search firm Amprop Battalia Winston found 74 percent of companies indicated they would throw a holiday party for their staff. That was […]

France Warned, Belgium Downgraded

PARIS, Dec. 17 (UPI) — The credit ratings of Belgium and France came under fire this week as plans to solve the European debt crisis failed to impress financial analysts. Moody’s Investors Service said it would put Belgium at an Aa3 rating, three notches below the top triple-A rating, The Wall Street Journal reported Saturday. […]

Delta To Take Larger Bite Of New York City

NEW YORK, Dec. 17 (UPI) — Delta Air Lines Inc. said it is poised to become New York City’s busiest airline with plans for expansion through 2012. Already handing 22 percent of the passengers in and out of LaGuardia Airport, Delta recently swapped terminal slots at Reagan National Airport in Washington with US Airways Group […]

Air Force Tightens Fraud Prevention Effort

WASHINGTON, Dec. 19 (UPI) — The U.S. Air Force reports it is coordinating efforts to prevent and mitigate procurement fraud and contractor misconduct. The effort was expressed by the signing this month of a Memorandum of Understanding between the Air Force Office of Special Investigations, Air Force Contracting and Air Force General Council for Contractor […]

Builder Confidence Rises Slightly

WASHINGTON, Dec. 19 (UPI) — Builder confidence in the U.S. market for newly built, single-family homes rose slightly in December, a national housing market index indicated. The National Association of Home Builders/Wells Fargo Housing Market Index gained for the third consecutive month, adding 2 points to reach 21, the trade group said. The index remains […]

CPI Up Slightly

WASHINGTON, Dec. 16 (UPI) — The Consumer Price Index for core prices rose 2.2 percent in November on an annual basis, one tick higher than October and within range of a federal target. Core prices, which exclude food and energy items, rose 2.1 percent on a 12-month basis. The U.S. Federal Reserve’s target is for […]

Savings Bonds To Go Digital

WASHINGTON, Dec. 16 (UPI) — The U.S. Treasury Department said bank sales of paper savings bonds will convert to an all-digital system in 2012. The switch is part of the department’s “all-electronic initiative,” which was begun last year by the Bureau of Public Debt. The change to an all-digital system for savings bonds that used […]

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