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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 […]

Companies Turn To Quirky Perks For Workers

WASHINGTON, Dec. 30 (UPI) — Some U.S. employers are turning to quirky perks to appease workers frustrated by pay cuts, heavy workloads and high health insurance costs, company heads say. “Companies are trying to have it feel like it’s not one big take-away,” says John Bremen, a managing director at employer consultancy Towers Watson. “They […]

GE: U.S. Labor Market Is Competitive

LOUISVILLE, Ky., Dec. 30 (UPI) — A high-ranking executive at General Electric said the U.S. labor market is now priced right for U.S. manufacturers to consider expansion without outsourcing. “We have gotten to a point where making things in America is as viable as making things any place in the world,” said James  Campbell, president […]

Many Affluent Say They Plan To Travel More

STEVENS, Pa., Dec. 29 (UPI) — Many affluent consumers find personal satisfaction not in things, but in what they do — “greats news for the travel industry,” a U.S. marketing expert says. Pam Danziger, president of Unity Marketing and author of “Putting the Luxe Back in Luxury,” said more than half of all U.S. luxury […]

Pending Home Sales Jumped In November

WASHINGTON, Dec. 29 (UPI) — A pending U.S. home sales index climbed 7.3 percent in November, the National Association of Realtors said Thursday. The Pending Home Sales Index jumped 10.4 percent in October after three months of declines. November’s increase put the index at 100.1, up from 93.3 in October. From November 2010, the index […]

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