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GDP Back At 1.3 Percent For Second Quarter

WASHINGTON, Sept. 29 (UPI) — The Commerce Department revised the U.S. real gross domestic product for the second quarter back to show 1.3 percent growth on Thursday. The department started with an estimate of 1.3 percent growth in July, then revised that down to 1 percent growth in August. Thursday’s estimate is the final estimate […]

Pending Home Sales Down A Touch

WASHINGTON, Sept. 29 (UPI) — Pending U.S. home sales fell in August for the second consecutive month after two months of gains, the National Association of Realtors said Thursday. The Pending Home Sales Index, measuring contracts that will likely close in October, fell 1.2 percent to 88.6, the trade group said. Region by region, the […]

Gambler Sues Casino Over Losses

LAS VEGAS, Sept. 29 (UPI) — A gambler allegedly down $1.3 million to a Las Vegas casino is suing the casino, Wynn Las Vegas, for allowing him to lose more than $250,000, court paper say. Konstantin Zoggolis from Germany is suing under the premise that he had a prior agreement with Wynn Las Vegas to […]

Lockheed Cutting Workforce

FORT WORTH, Texas, Sept. 27 (UPI) — More than 500 Lockheed Martin Aeronautics division workers in three U.S. states are losing their jobs as the company tries to improve operational efficiency. The company said the greatest effects are at sites in Fort Worth, Texas; Marietta, Ga.; and Palmdale, Calif. About 540 employees will be affected […]

Home Prices Up Month-To-Month

NEW YORK, Sept. 27 (UPI) — U.S. home prices rose for the fourth consecutive month in July, a closely watched housing index showed Tuesday. The Standard & Poor’s/Case-Shiller Home Price Index found prices rose 0.9 percent in the month in both a 10-city index and a 20-city index compared with June. The chairman of the […]

Facebook Challenged By Privacy Group

SAN FRANCISCO, Sept. 27 (UPI) — A privacy watchdog group said it was warning the U.S. Federal Trade Commission that changes on Facebook had a flaw of not giving consumers any choice. “It’s getting really difficult to evaluate the changes that Facebook makes, and I say that as a privacy professional,” said Marc Rotenberg, executive […]

Premiums For Family Heathcare Up 9 Percent

WASHINGTON, Sept. 27 (UPI) — Family health insurance costs for U.S. employers rose higher than they have since 2005 this year, two non-profit groups announced Tuesday. Family insurance premiums rose on average from $13,770 per family to $15,053, the Kaiser Family Foundation and Health Research & Education Trust said. The increase of more than 9 […]

In Europe, Five Bailout Votes This Week

BRUSSELS, Sept. 27 (UPI) — The international rescue package for Greece is facing five votes in various European parliaments this week. Votes are expected in Germany, Finland, Slovenia, Estonia and Austria on whether or not to ratify changes to the $600 billion European Financial Stability Facility, which European leaders agreed to in July, the EUobserver […]

Medvedev, Russia React To Economic Downturn

MOSCOW, Sept. 23 (UPI) — Russian President Dmitry Medvedev said he had called a hasty meeting between government and business leaders to assess the global slide in stock markets. “The situation is difficult. We should be very attentive,” Medvedev said. “I am going to meet with my colleagues from the government and bank community to […]

Helping Greece Called A ‘Morality Play’

WASHINGTON, Sept. 23 (UPI) — The Obama administration’s former chief economic adviser, Austan Goolsbee, said in Washington aid for debt-burdened Greece has become “a morality play.” Goolsbee, former head of the White House Council of Economic Advisers, said, “There’s a growing narrative that this is a morality play, that this is all about fiscal profligacy […]


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