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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 […]

Airline Fees Hit $1.5 Billion In Three-Month Span

WASHINGTON, Oct. 27 (UPI) — A three-month take for luggage and changed-reservation fees for the U.S. airline industry was $1.5 billion, the U.S. Bureau of Transportation Statistics said. For April, May and June, the statistics office said, the largest airlines in the country took in 1 percent more than they did in the second quarter […]

Madoff Feels At Home Behind Federal Bars

BUTNER, N.C., Oct. 27 (UPI) — Convicted investment swindler Bernard Madoff said he is past a suicidal phase and is resigned to spending the rest of his days in a North Carolina prison. In an interview with ABC News, Madoff said while it is tough being ostracized from his family, he has settled into institutional […]

Netflix Is The Single-Biggest User Of Internet Bandwidth

LOS GATOS, Calif., Oct. 28 (UPI) — The U.S. streaming entertainment service Netflix takes up 32.7 percent of Internet bandwidth worldwide, a study found. An analysis of 200 Internet service providers in 80 countries by Sandvine Intelligent Broadband Networks found real-time entertainment streaming accounts for 60 percent of peak downstream traffic with Netflix having more […]

Spending Outpaced Incomes In September

WASHINGTON, Oct. 28 (UPI) — Consumer spending outpaced a 0.1 percent rise in incomes in September, the U.S. Commerce Department’s Bureau of Economic Analysis said Friday. Despite two months of flat incomes, spending rose 0.6 percent in September, following a 0.2 percent rise a month ago. Incomes rose 0.1 percent after falling 0.1 percent in […]


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