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N.Y. Comptroller: 10,000 Finance Jobs At Risk

ALBANY, N.Y., Oct. 11 (UPI) — New York state Comptroller Thomas DiNapoli said the financial district of Wall Street could see 10,000 jobs erased by the end of 2012. DiNapoli also predicted bonuses would shrink in 2011, The Wall Street Journal reported Tuesday. For the state, smaller bonuses mean a contraction of tax revenues. Among […]

Shopping Off In Week Of Divided Weather

WASHINGTON, Oct. 11 (UPI) — U.S. sales receipts dropped slightly week-to-week in the period ending Saturday, a national trade group said Tuesday. The International Council of Shopping Centers said sales dropped 0.1 percent in the week, but rose 2.8 percent compared to the same week of 2010. “The pace of shopper footfall was weaker for […]

Greece Set For Next Bailout Tranche

BRUSSELS, Oct. 11 (UPI) — Financial authorities in Europe said Greece was cleared for the next tranche, or installment, out of its $150 billion international bailout loan. “The next tranche will be available, possibly, at the start of November,” said the troika, which is made up of the International Monetary Fund, the European Commission and […]

Banks Fail In Missouri, Minnesota

WASHINGTON, Oct. 8 (UPI) — A bank in Missouri and another in Minnesota were closed by regulators Friday, raising the number of U.S. bank failures this year to 76. The Wall Street Journal reported the Missouri Division of Finance closed Sun Security Bank of Ellington in the state’s first 2011 bank failure. Under a purchase-and-assumption […]

U.S. Seeking Foreign Investment Increase

WASHINGTON, Oct. 10 (UPI) — The United States is setting its sights on $1 trillion in new foreign investment over five years, sources told The Wall Street Journal. The goal is to increase foreign investment by 15 percent over the past 10-year average, which is $174 billion per year. To reach the target, the Obama […]

Sonic CEO: It Was Right To Fight Order

WASHINGTON, Oct. 10 (UPI) — Sonic.net Inc. Chief Executive Officer Dane Jasper said opposing a secret government order to turn over client information was the “right thing to do.” The order involved a government investigation of Jacob Applebaum, a volunteer with WikiLeaks, who has not been charged with any crime. Fighting the order was “rather […]

iPhone 4S Pre-Orders Are Over The Top

CUPERTINO, Calif., Oct. 10 (UPI) — Technology giant Apple said it pre-orders for the iPhone 4S broke a first-day record with more than 1 million orders processed. Philip Schiller, the company’s senior vice president of global marketing said the firm was “blown away with the incredible customer response” to the devise. The record eased concerns […]

Walmart Faces Sanctions In China

CHONGQING, China, Oct. 10 (UPI) — Chinese authorities said they have temporarily closed 12 stores owned by U.S. retail giant Walmart for allegedly mislabeling pork as organic. The issue involves 10 Walmart and two Trust Mart stores in Chongqing, a city in southwestern China that says on its Web site it has cited the company […]

Hooters Bares Its Knuckles In Court

LAS VEGAS, Oct. 4 (UPI) –  Hooters Las Vegas said in a bankruptcy court filing its major creditor was attempting to cut out smaller creditors in a courtroom showdown. The major creditor, Canpartners Realty Holding Co. IV LLC, has filed papers to force the Hooters casino to set aside $2 million for the smaller creditors, […]

ADP Says 91,000 Jobs Added In September

ROSELAND, N.J., Oct. 5 (UPI) — Payroll company Automatic Data Processing said Wednesday the private sector added 91,000 jobs in September, almost identical to gains made in August. The firm also reported a revised figure for August, dropping the estimate from 91,000 to 89,000. The figure for September came in substantially higher than the 75,000 […]

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