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Cool Week Fails To Heat Up Shopping

WASHINGTON, Oct. 26 (UPI) — U.S. retail sales dropped in the week ending Saturday despite cooler temperatures that could have increased store traffic, a trade association said. The International Council of Shopping Centers said sales fell 0.8 percent from the previous week, “despite the slightly cooler temperatures across the nation … which should have been […]

Billionaire Turns Himself In To FBI

NEW YORK, Oct. 26 (UPI) — Billionaire executive Rajat Gupta turned himself into the FBI Wednesday in connection with the Galleon Group insider trading case, The New York Times reports. Gupta is a former director at Goldman Sachs and Proctor & Gamble, who is charged with feeding information to Galleon Group founder Raj Rajaratnam, who […]

Fears Deepen Of No Euro Debt-Crisis Deal

BRUSSELS, Oct. 26 (UPI) — Fears of no eurozone debt-crisis breakthrough deal deepened Wednesday as Europe’s leaders were to meet while still at loggerheads over what to do. A European Union finance ministers meeting, set for Wednesday before an evening Brussels summit meeting of EU leaders, was abruptly canceled Tuesday amid disagreements over writing down […]

Americans Want To See Restaurant Grades

NEW YORK, Oct. 25 (UPI) — Americans overwhelmingly favor requiring restaurants to post the grades they receive from local U.S. health departments, a survey by Zagat indicates. The restaurant review organization said it found that 81 percent of those surveyed nationwide wanted to know what letter grade was earned by the restaurants they eat at. […]

Home Prices Mixed For August

NEW YORK, Oct. 25 (UPI) — U.S. home prices rose in 10 out of 20 monitored cities in a closely watched housing index, the S&P/Case-Shiller report for August said. In the smaller, 10-city index, prices rose 0.2 percent month-to-month. In the 20-city index, the average was the same, up 0.2 percent, with gains posted in […]

Forty-Two Eateries Make 2012 Zagat List

NEW YORK, Oct. 25 (UPI) — Forty-two major-market restaurants made Zagat’s 2012 list of top restaurants in the United States, Zagat reported Tuesday. The restaurant guide said 156,000 respondents who dine out a minimum of three times a week selected the top restaurants in cities from New York to Portland, Ore. All 42 restaurants are […]

Consumer Confidence Backslides

NEW YORK, Oct. 25 (UPI) — Consumer confidence in the United States fell in October after a slight reprieve in September, the Conference Board said Tuesday. After hitting a two-year low in August, September showed slight improvement. For October, however, the index slid from September’s reading of 46.4 to 39.8. The index uses 1985 as […]

EU Finance Leaders Cancel Meeting

WARSAW, Poland, Oct. 25 (UPI) — European finance leaders have canceled a critical meeting in advance of Wednesday’s summit in Brussels, the European Union said. A statement release from Poland, which holds the presidency of the European Union, said, “Further work at the level of ministers of finance will be conducted based on the outcome […]

Fannie, Freddie Debtors In The Hole May Now Refinance

The Home Affordable Refinance Program (HARP) will apply to borrowers of Fannie Mae and Freddie Mac, and some forecasters estimate that up to 1 million borrowers will use the program.

British Parliament To Consider EU Exit

LONDON, Oct. 22 (UPI) — A Conservative lawmaker in Britain said it is time to reconsider the country’s relationship with the European Union, despite warnings of economic chaos. Parliament member David Nuttall has proposed a referendum that would have Britain decide to keep its EU membership intact, renegotiate its terms or quit the organization altogether, […]

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