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U.S. Navy Receives New Ship

PASCAGOULA, Miss., Dec. 21 (UPI) — The amphibious transport dock USS San Diego has been officially transferred to the U.S. Navy by Huntington Ingalls Industries Inc. The handover of the ship, the sixth amphibious transport dock by Ingalls Shipbuilding, took place Monday during a ceremony at company facilities in Pascagoula, Miss. “This delivery exemplifies the […]

Existing Home Sales Rise

WASHINGTON, Dec. 21 (UPI) — Sales of existing homes rose 4 percent from October to November to hit a 10-month high, the National Association of Realtors said Wednesday. Existing home sales in November came in at a seasonally adjusted annual rate of 4.42 million, up from 4.25 million in October. Sales are 34 percent above […]

Mortgage Activity Slides With Rates Down

WASHINGTON, Dec. 21 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity fell in the week ended Friday with long-term mortgage interest rates also dropping. Interest rates for 30-year, fixed-rate conforming mortgages fell from 4.12 percent to 4.08 percent with points rising from 0.45 to 0.49, the trade group said. Rates for 15-year, fixed-rate […]

Willie Gault Charged With Fraud

WASHINGTON, Dec. 21 (UPI) — U.S. finance regulators charged former professional football star Willie Gault with scheming to defraud investors of $8 million. There are other suspects in the case, including former Hollywood producer J. Rowland Perkins and California attorney Mitchell Stein, USA Today reported Wednesday. The Securities and Exchange Commission charged the trio with […]

Justice Files Suit To Block Exelon Merger

WASHINGTON, Dec. 21 (UPI) — Exelon Corp. and Constellation Energy Group Inc. need to shed three electricity plants to go forward with a merger, the U.S. Justice Department said Wednesday. The Justice Department said it filed a civil lawsuit in federal court in Washington to block the $7.9 billion merger on antitrust grounds, stating in […]

Housing Starts And Permits Issued Rise

WASHINGTON, Dec. 20 (UPI) — New home construction in the United States rose 9.3 percent in November compared with October, the Commerce Department said Tuesday. Housing starts climbed to a seasonally adjusted annual rate of 685,000, compared with a downwardly revised figure for October of 627,000. The rate of privately owned housing starts in the […]

The Retail Week Was Brisk, ICSC Says

WASHINGTON, Dec. 20 (UPI) — Retail sales receipts at U.S. chain stores soared 3.4 percent in the week ending Saturday, a retail trade group said Tuesday. The International Council of Shopping Centers said sales rose “despite a bout of unseasonably warm weather.” Sales rose, the group said, “in part because of consumers who were still […]

Oakland To Review Anti-Demonstration Bill

OAKLAND, Calif., Dec. 20 (UPI) — The city council of Oakland, Calif., is expected to consider a measure allowing authorities to take stronger action against demonstrators at the city’s port. A measure allowing authorities to use “lawful tools” to prevent protesters from blocking the port passed in a Rules and Legislation Committee meeting last week. […]

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 […]


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