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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 […]

Mortgage Activity Down In Week

WASHINGTON, Oct. 5 (UPI) — The Mortgage Bankers Association says U.S. mortgage activity fell in the week ended Friday with long-term mortgage interest rates mixed. Interest rates for 30-year, fixed-rate mortgages fell in the week from 4.24 percent to 4.18 percent with points rising from 0.36 to 0.44, the trade group said. Rates for 15-year, […]

Manufacturing Index Shows Growth Slowing

TEMPE, Ariz., Oct. 5 (UPI) — U.S. manufacturing activity made gains in September, but at a slower pace than August, the Institute of Supply Management said Wednesday. The headline index (the Purchasing Manager’s Index) dropped from 53.3 in August to 53, the institute said. Numbers above 50 indicate growth. Below 50 indicates a contraction. The […]

September Shows Surge In Layoffs

CHICAGO, Oct. 5 (UPI) — U.S. companies announced 115,730 layoffs in September, the highest total since April 2009, a private consulting firm said Wednesday. Consistent with year-to-date figures, job cuts in September came predominantly from banks and the military, Challenger, Gray & Christmas, said. In September, the government announced 54,182 layoffs, bringing the year-to-date total […]

New Orders For Factories Slipped In August

WASHINGTON, Oct. 4 (UPI) — U.S. factory orders fell 0.2 percent in August, a sharp drop from the 2.1 percent rise in July, the U.S. Census Bureau reported Tuesday. Economists had expected factory orders for August to remain unchanged. New orders have dropped for two of the past three months. In July, orders jumped by […]

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