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Prices Of Digital Tablets Likely To Drop

NEW YORK, Jan. 6 (UPI) — U.S. consumers are finding the price of digital tablets dropping sharply, a trend that could continue, market analysts say. “If you have an uncompetitive product, you’re going to have to take it and and move the inventory. And one way to do that is to lower price,” said Avi […]

Kodak Said To Be Preparing For Bankruptcy

ROCHESTER, N.Y., Jan. 4 (UPI) — Former blue-chip company Eastman Kodak Co, the pride of Rochester, N.Y., is preparing to file for bankruptcy protection, sources told The Wall Street Journal. The firm has been attempting to auction its vast trove of patents, but has had little luck as rumors of a pending bankruptcy persisted through […]

India Rejoins The Nuclear Submarine League

NEW DELHI, Jan. 5 (UPI) — India officially rejoined the nuclear submarine operators’ club when the Russian manufacturers handed over to an Indian crew the Nerpa, in Russia’s far east. The crew will set sail for India toward the end of January in the 8,000-ton submarine that will be renamed Chakra, The Times of India […]

First-Time Jobless Claims Drop By 15,000

WASHINGTON, Jan. 5 (UPI) — Initial unemployment claims fell by 15,000 to a seasonally adjusted 372,000 for the week ending Dec. 31, the U.S. Labor Department said Thursday. The previous week’s revised figure was 387,000, the department said in a release. At 373,250, the four-week moving average held under 400,000 for the eighth consecutive week. […]

Service Industries Grow For 25th Month

TEMPE, Ariz., Jan. 5 (UPI) — Business activity in U.S. service industries grew in December for the 25th consecutive month, the Institute for Supply Management said Thursday. The pace of growth picked up slightly with the headline Purchasing Managers Index was 52.6, up from 52 in November. The index uses 50 as a break-even point. […]

Private Companies Added 325,000 Jobs In December

ROSELAND, N.J., Jan. 5 (UPI) — Payroll firm Automatic Data Processing Inc. said the U.S. economy added 325,000 private sector jobs in December, well above the 175,000 economists predicted. Small businesses, those with fewer than 50 employees, added the largest share, with employment gaining by 148,000. Medium-sized businesses, those with 50-499 workers, added 140,000 jobs, […]

Analysts See Consumer Spending Waning

NEW YORK, Jan. 3 (UPI) — The largest single component of the U.S. economy, consumer spending, is standing on wobbly legs, analysts said. “The consumer is far from healthy,” said ITG Investment Research senior economist Steve Blitz. Colin McGranahan, a market analyst at Sanford C. Bernstein, wrote in a note to clients to “expect slowing […]

BofA Reels In Some Small Business Loans

CHARLOTTE, N.C., Jan. 3 (UPI) — Bank of America confirmed it was calling in loans from an undisclosed number of small U.S. businesses. Analysts said BofA was attempting to raise capital and impress regulators. BofA spokesman Jefferson George said the number of loans affected would be a “very small percentage” of the 3.5 million small […]

Experts: Housing Not Ready For Comeback

WASHINGTON, Jan. 3 (UPI) — The U.S. housing market is not likely to change abruptly in 2012, economists and industry analysts said. “I think there may be a little bit of an uptick in units sold,” in 2012, Doug Duncan, vice president and chief economist at the Federal National Mortgage Association, said. However, Duncan said, […]

Factory Orders Up 1.8 Percent

WASHINGTON, Jan. 4 (UPI) — U.S. factory orders rose from October to November but came up shy of expectations, the U.S. Census Bureau reported Wednesday. Factory orders rose 1.8 percent or by $8.2 billion, short of the 2 percent rise economists predicted. With plane maker Boeing reporting multibillion-dollar orders, transportation items provided the lion’s share […]

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