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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 […]

Mortgage Activity Drops

WASHINGTON, Jan. 4 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity fell in the final two weeks of 2011 with long-term mortgage hitting lows for the year. Interest rates for 30-year, fixed-rate conforming mortgages dropped to 4.07 percent with points rising to 0.53 from 0.47. The trade group said the average weekly interest […]

Company Diversity Helps Bottom Line

TORONTO, Dec. 31 (UPI) — The more diverse a company’s workforce is, the more loyal, happy and productive its employees tend to be, researchers in Canada found. Lead author Kristyn Scott, author of “The Diverse Organization: Finding Gold at the End of the Rainbow” and a professor with Ryerson University, Joanna Heathcote of University of […]

U.S. Manufacturing Picks Up The Pace

TEMPE, Ariz., Jan. 3 (UPI) — U.S. manufacturing activity made gains in December with the pace picking up from the previous month, the Institute of Supply Management said Tuesday. The headline index (the Purchasing Managers’ Index) rose from 52.7 to 53.9, as manufacturing expanded for the 29th consecutive month, the institute said. Numbers above 50 […]

Construction Spending Rose In November

WASHINGTON, Jan. 3 (UPI) — Construction spending for November was 1.2 percent above October’s revised estimate of $797.4 billion, the U.S. Census Bureau reported Tuesday. Spending on private and public projects for November reached $807.1 billion, a 0.5 percent gain over November 2010, the monthly construction spending report said. Spending on private construction was at […]

Men Have The Edge In Job Recovery

WASHINGTON, Jan. 3 (UPI) — The U.S. labor market since the end of the recession has improved at a faster pace for men than for women, a private research group said. The Pew Research Center said men have gained 768,000 jobs since the recession ended and the sluggish recovery began. For women, jobs have been […]

Wendy’s In Tokyo Launches $16.50 Burger

TOKYO, Dec. 29 (UPI) — Wendy’s officials said it plans to expand the restaurant overseas, but the $16.50 top shelf burger on sale at a Wendy’s in Japan was none of its doing. Officials at company headquarters in Dublin, Ohio, said they “really don’t have anything to do with it,” referring to a burger sold […]

Sears Lists 79 Stores It Will Close

HOFFMAN ESTATES, Ill., Dec. 29 (UPI) — Sears Holdings Corp. released a partial list of U.S. stores it plans to close, revealing 79 doomed locations out of up to 120 it plans to ax. Sears said it would not hazard a guess on the number of associates who would be displaced as the number “varies […]

Brazil Growing With Small Middle Class

BRASILIA, Brazil, Dec. 30 (UPI) — Brazil may have passed Britain to claim the No. 6 spot in the world’s largest economies, but incomes per capita still lag far behind, data shows. In Britain, the per capita income is about $34,600, while in Brazil it is about $10,100, Forbes magazine reported Friday. Although income per […]

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