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Foreclosures Down 3 Percent In November

IRVINE, Calif., Dec. 15 (UPI) — Foreclosure filings on U.S. properties fell 3 percent in November from the previous month and 14 percent from November 2010, RealtyTrac said Thursday. The report also indicated one in every 579 U.S. housing units was in foreclosure during the month. “Despite a seasonal slowdown similar to what we’ve seen […]

Labor: Change To Help Home Health Workers

WASHINGTON, Dec. 15 (UPI) — Home healthcare workers in the United States would see changes in wages and overtime protections under new rules put forward by the Obama administration. President Obama and Labor Secretary Hilda Solis said the proposed new rule, announced Thursday, would provide minimum wage and overtime protections for nearly 2 million workers […]

Fed Keeps Monetary Policies Unchanged

WASHINGTONS, D.C., Dec. 13 (UPI) — The U.S. Federal Reserve said Tuesday it would keep its federal fund rate and its reinvestment policies intact. The decision to keep the lending rate unchanged was widely expected as the Fed has said it would likely keep its rate at historic lows through the middle of 2013. “Indicators […]

Shippers Brace For Last Minute Rush

DETROIT, Dec. 13 (UPI) — Even Santa Claus might want to brace himself for the Christmas rush this year, U.S. shipping companies suggest. FedEx estimated Monday was a 17-million package day. The Detroit News reported Tuesday. Rival UPS is expecting to handle 26 million items on its busiest day of the year, which the firm […]

FDIC Reaches $64 Million Settlement In WaMu Case

SEATTLE, Dec. 13 (UPI) — The Federal Deposit Insurance Corp. will settle its suit against top executives in the failed Seattle lender Washington Mutual for $64 million, officials say. The FDIC had sought $900 million but officials said $64 million was the best outcome when weighed against the cost of litigating the case and the […]

In Critical Week, Retail Looks Lackluster

WASHINGTON, Dec. 14 (UPI) — Retail sales at U.S. chain stores fell 0.1 percent in the week ending Friday, a trade group reported. Although receipts were up 2.9 percent compared to the same week of 2010, sales fell in the second consecutive week-to-week comparison, the International Council of Shopping Centers said. In surveys around the […]

OPEC To Keep Production Quotas Unchanged

VIENNA, Dec. 14 (UPI) — The Organization of Petroleum Exporting Countries said Wednesday in Vienna it would keep production levels unchanged because of uncertain market conditions. At the 160th meeting of the OPEC conference, the world’s largest oil cartel said production among members would remain at 30 million barrels per day “in light of the […]

Las Vegas Hilton Takes A New Name

LAS VEGAS, Dec. 8 (UPI) — The 2,950-room Las Vegas Hilton said it’s changing its name to the Las Vegas Hotel & Casino, without explaining how it lost its rights to the Hilton brand name. “We are extremely excited as we move into this next phase of our journey. Guests can experience the new look […]

Wells Fargo Agrees To $60 Million Settlement

SAN FRANCISCO, Dec. 8 (UPI) — U.S. banking giant Wells Fargo agreed to pay more than $60 million to settle charges of fraud and bid rigging, the Department of Justice said. The case is part of a $148 million settlement involving various banks that engaged in anti-competitive practices in the municipal bond derivatives market, The […]

Smartphones Becoming Shopping Aids

CHICAGO, Dec. 8 (UPI) — Many smartphone owners use the devices as shopping tools, increasing pressure on physical stores to compete instantaneously with online retailers, analysts say. Two-thirds of owners shop from their mobile devices, a report released Wednesday by comScore Inc., a digital research firm based in Chicago, said. One of the most common […]

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