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Mortgage Activity Rises In Week

WASHINGTON, Nov. 9 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity rose 10.3 percent in the week ended Friday with long-term mortgage interest rates declining. Interest rates for 30-year, fixed-rate mortgages fell from 4.31 percent to 4.22 percent with points falling from 0.49 to 0.41, the trade group said. Rates for 15-year, fixed-rate […]

Lagarde In China Warns Of ‘Lost Decade’

BEIJING, Nov. 9 (UPI) — International Monetary Fund Director Christine Lagarde Wednesday said the global economy could be headed toward a “lost decade.” “The global economy has entered a dangerous and uncertain phase,” Lagarde said at the 2011 International Finance Forum in Beijing, CNN reported. “If we do not act, and act together, we could […]

OPEC Sees Oil Demand Increasing

VIENNA, Nov. 9 (UPI) — The Organization of Petroleum Exporting Countries said oil demand would increase in the medium term, but much depended on fragile European and U.S. economies. In OPEC’s annual World Oil Outlook, the oil cartel increased its projection on oil demand by 1.9 million barrels per day over last year’s projection to […]

Bioterrorism Threat Seen In Alien Or Invasive Species

BOSTON, Nov. 9 (UPI) — It’s been the stuff of movies, science fiction and alarmist political rhetoric, but new scientific research shows an invasive species incompatible with a specific ecosystem could be deployed as unique biological weapons by terrorist individuals or organizations. The U.S. Department of Agriculture defines invasive species as non-native to an ecosystem […]

Cool Weather Gives Sales A Kick

WASHINGTON, Nov. 8 (UPI) — U.S. sales receipts rose 1 percent in the week ending Saturday with seasonal sales helped by cooler temperatures, a national trade group said. The International Council of Shopping Centers said, “a blast of colder weather helped propel seasonal sales on a week-over-week basis, but year-over-year sales momentum still slowed a […]

Madoff Case Trustee Ups Family’s Liability

NEW YORK, Nov. 8 (UPI) — The trustee charged with recovering funds lost in the Bernard Madoff case is seeking more money from family members, court papers filed in New York say. Irving Picard, who has sued Madoff’s wife for $44 million on behalf of victims in the case, has amended the lawsuit that targets […]

Job Postings Rose In September

WASHINGTON, Nov. 8 (UPI) — The U.S. Bureau of Labor Statistics said Tuesday there were 3.4 million job openings posted at the end of September, up from 3.1 million in August. The total is significantly lower than the 4.4 million job openings listed just before the recession began in December 2007. However, it is a […]

Consumer Reports OKs iPhone 4S

YONKERS, N.Y., Nov. 8 (UPI) — U.S. product critic Consumer Reports said Apple’s iPhone 4S does not show the same reception glitch that its predecessor did in laboratory tests. Consumer Reports was famously critical of the iPhone 4, saying it lost reception strength if the consumer touched the phone in a certain spot. For the […]

Wells Fargo Agrees To $37 Million Settlement

SAN FRANCISCO, Nov. 8 (UPI) — Wells Fargo & Co. said in a regulatory filing Tuesday it would pay at least $37 million to settle a civil case with municipalities concerning bond auctions. The bank could pay more as it agreed to pay the larger of the two: $37 million or 65 percent of the […]

Google May Quit Chamber Of Commerce

WASHINGTON, Nov. 4 (UPI) — Google and the Consumer Electronics Association are thinking about leaving the U.S. Chamber of Commerce because of its support of anti-piracy legislation. A source told Politico Google is “frustrated” by the chamber’s position on the Stop Online Piracy bill. Yahoo! has already quit the chamber. The chamber is one of […]


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