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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 […]

EU Rushes To Keep Debt-Crisis Deal Alive

BRUSSELS, Oct. 28 (UPI) — Eurozone officials rushed to prevent the latest debt-crisis deal from unraveling after a warning it depended on high risk similar to what triggered the crisis. The deal’s highly leveraged assets and contracts, used to swell the main eurozone bailout fund on paper to $1.4 trillion from $350 billion without putting […]

GDP Up 2.5 Percent In Third Quarter

WASHINGTON, Oct. 27 (UPI) — The U.S. gross domestic product, the broadest measure of the economy, rose 2.5 percent on an annual basis in the third quarter, Commerce Department Thursday. The department calls the first of three GDP estimates an “advanced” report, as it is likely to undergo revisions as more data becomes available over […]

Jobless Claims Drop By 2,000 In Week

WASHINGTON, Oct. 27 (UPI) — First-time jobless benefit claims declined by 2,000 in the week ending Saturday with 402,000 claims filed, the U.S. Labor Department said Thursday. The four-week rolling average for claims filed was also 405,500, up 1,750 from the previous revised average, the department said. In September, the unemployment rate was 9.1 percent, […]

Mortgage Rates Hold Steady In Week

WASHINGTON, Oct. 27 (UPI) — Long-term mortgage rates were little changed in the week ending Thursday, the U.S. Federal Home Loan Mortgage Corp. said. Freddie Mac said the average interest rates for 30-year, fixed-rate loans fell from 4.11 percent to 4.10 percent with an average of 0.8 points for the week. Rates have changed little […]

Pending Home Sales Slid In September

WASHINGTON, Oct. 27 (UPI) — Pending U.S. home sales fell in September for the third consecutive month, the National Association of Realtors said Thursday. The Pending Home Sales Index, measuring contracts that will likely close in November or December, fell 4.6 percent after dropping 1.2 percent in August. The index now reads 84.5, down from […]

Blog: Major U.S. Corporations Hacked

NEW YORK, Oct. 27 (UPI) — Google, Yahoo, Facebook, Microsoft, IBM, and Amazon were among 760 companies hit by cyberattacks this year, a security analyst says. Security analyst Brian Krebs this week posted a list of 760 companies that may have attacked by malware through a vulnerability in RSA’s SecurID tags, CNN Money reported Thursday. […]

New Home Sales Rise In September

WASHINGTON, Oct. 26 (UPI) — Sales of new single-family homes rose 5.7 percent from August to September, the U.S. Commerce Department said Wednesday. Home sales in September came in at a seasonally adjusted annual rate of 313,000. In August, 296,000 new homes were sold, the department said releasing a revised figure.. The rate of home […]

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