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U.S. Manufacturing Index Shows Growth

TEMPE, Ariz., Oct. 3 (UPI) — U.S. manufacturing grew in September for the 26th consecutive month and the overall economy grew for the 27th straight month, supply executives said Monday. The latest Manufacturing ISM Report On Business registered 51.6 percent, a 1 percent increase from August, which shows expansion accelerating slightly. The Institute for Supply […]

Citibank In Japan Faces Possible Sanctions

TOKYO, Oct. 3 (UPI) — Citibank Japan President and Chief Executive Officer Darren Buckley apologized for the bank’s third regulatory lapse since 2004, the Yomiuri Shimbun reported. The Financial Services Agency has yet to announce sanctions against the bank for allegedly overlooking potential money-laundering bank accounts, the Yomiuri Shimbun reported Monday. But sanctions are expected […]

Construction Spending Rose In August

WASHINGTON, Oct. 3 (UPI) — Construction spending for August was 1.4 percent above July’s revised estimate of $788.3 billion, the U.S. Census Bureau reported Monday. Spending on private and public projects for the latest month reached $799.1 billion, the monthly construction spending report said. Spending for August also came in ahead of August 2010, when […]

Auto Sales Strong In September

DETROIT, Oct. 3 (UPI) — Two of three U.S. automakers said sales rose at least 20 percent in September from a year ago, while Ford Motor Co. said its increase was less dramatic. General Motors Co., Chrysler Group LLC and Nissan Motor Co. each had robust gains above 20 percent from September 2010, while sales […]

E-Mails: No Tit-For-Tat In Solyndra Loan

WASHINGTON, Oct. 3 (UPI) — E-mails released by lawmakers in Washington show the White House knew solar panel firm Solyndra was on shaky financial ground before a presidential visit. President Barack Obama toured Solyndra in San Francisco in May. Despite a $535 million guarantee from the Obama administration, however, the firm declared bankruptcy in late […]

Drug Sting Nets Dozens At Boeing Plant

RIDLEY PARK, Pa., Sept. 29 (UPI) — The U.S. Justice Department said more than two dozen Boeing employees were arrested Thursday on drug-related charges in a multi-agency sting operation. Agents from the FBI and the U.S. Drug Enforcement Administration participated in the operation that led to 23 individuals indicted and 14 others charged with “attempted […]

Japanese Auto Supplier To Pay $200 Million For Price Scam

DETROIT, Sept. 29 (UPI) — The U.S. Justice Department said a Japanese parts supplier for the automobile industry would pay $200 million to settle a case of price fixing and bid rigging. Three executives from Japan — Junichi Funo, Hirotsugu Nagata and Tetsuya Ukai — agreed to serve prison sentences that range from 12 to […]

Bank Of America To Add $5 Monthly Debit Card Fee

CHARLOTTE, N.C., Sept. 29 (UPI) — Bank of America said it will impose a $5-per-month fee on most of its debit card accounts in a policy that would begin in early 2012. The fee is an effort to recoup revenue lost with new bank rules that take effect in October that limit fees banks can […]

Pro Teams Losing May Not Mean Losing Money

ITHACA, N.Y., Sept. 29 (UPI) — Revenue sharing, television contracts and other non-gate income make it possible for MLB teams to make money whether they win or lose, U.S. researchers say. Stephen Mosher, professor of sport management and media at Ithaca College, N.Y., noted that the Pittsburgh Pirates, who have just posted their 19th consecutive […]

U.S. Incomes Dropped In August

WASHINGTON, Sept. 30 (UPI) — Consumer incomes fell in August, dropping for the first time in 22 months, the U.S. Commerce Department’s Bureau of Economic Analysis said Friday. Incomes dropped 0.1 percent in August, after rising 0.4 percent in April, 0.3 percent in May, 0.2 percent in June and 0.1 percent in July. Consumer spending, […]

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