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Report: FBI Joins Hunt For MF Global Funds

NEW YORK, Nov. 2 (UPI) — The U.S. Justice Department has joined the search for an estimated $600 million missing from MF Global, CNN reported, citing sources close to the investigation. Federal prosecutors and the FBI were working along with investigators from the U.S. Securities and Exchange Commission and the Commodities Futures Trading Commission to […]

Papandreou Called To France Crisis Meeting

CANNES, France, Nov. 2 (UPI) — France’s president and Germany’s chancellor called a crisis meeting Wednesday with Greece’s prime minister, who vowed to proceed with a bailout referendum. “This announcement took all of Europe by surprise,” President Nicolas Sarkozy said in a televised address as France planned to host leaders of the Group of 20 […]

ADP Says 110,000 Jobs Added In October

WASHINGTON, Nov. 2 (UPI) — Payroll company Automatic Data Processing said Wednesday the private sector added 110,000 jobs in October, a slight decline from jobs added in September. October’s figure is ahead of the 91,000 jobs added in September that ADP announced a month earlier. But that figure has been revised with ADP now saying […]

Mortgage Activity Rises 0.2 Percent

WASHINGTON, Nov. 2 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity rose slightly in the week ended Friday with long-term mortgage interest rates little changed. Interest rates for 30-year, fixed-rate mortgages fell from 4.33 percent to 4.31 percent with points rising from 0.42 to 0.45, the trade group said. Rates for 15-year, fixed-rate […]

October Shows Reprieve In Job Cuts

CHICAGO, Nov. 2 (UPI) — U.S. companies announced 42,759 layoffs in October, a sharp drop from September, which hit a 28-month high, a private consulting firm said Wednesday. Announced layoffs dropped 63 percent from September to October. Meanwhile, in October, “planned hiring announcements approached 160,000, as several employers revealed their seasonal employment strategies,” Challenger, Gray […]

MF Global Files For Bankruptcy Protection

NEW YORK, Oct. 31 (UPI) — U.S. regulators are looking into the disappearance of hundreds of millions of dollars in client funds at MF Global Holding Ltd., The New York Times said. Citing several sources it said had been briefed on the matter, the newspaper reported Monday the discovery of missing money derailed an effort […]

Greece To Vote On Rescue Package

ATHENS, Greece, Oct. 31 (UPI) — Greek Prime Minister George Papandreou said he will let the Greek people decide whether to accept the European Union’s rescue package. After months of negotiations in Europe’s capitals and tensions in stock markets around the globe, European leaders Thursday announced they would expand an international rescue fund for eurozone […]

Manufacturing Gains Slowing

TEMPE, Ariz., Nov. 1 (UPI) — U.S. manufacturing activity made gains in October, but at a slower pace than September, the Institute of Supply Management said Tuesday. The headline index (the Purchasing Managers’ Index) dropped from 51.6 in September to 50.8, the institute said. Numbers above 50 indicate growth. Below 50 indicates a contraction. The […]

Construction Spending A Touch Higher

WASHINGTON, Nov. 1 (UPI) — Construction spending for September was 0.2 percent above August’s revised estimate of $786 billion, the U.S. Census Bureau reported Tuesday. Spending on private and public projects for September reached $787.2 billion, the monthly construction spending report said. Spending for September came in 1.3 percent below September 2010, when spending came […]

Storm Aside, Retail Receipts Up In Week

WASHINGTON, Nov. 1 (UPI) — U.S. retail receipts rose in the week ending Saturday, helped by sales of Halloween decorations, candy and costumes, a national trade group said. The International Council of Shopping Centers said sales rose 0.7 percent from the previous week and 3 percent from the same week of 2010. Sales showed “the […]


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