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SEC, Former Attorney, Explain Conflict

WASHINGTON, Sept. 23 (UPI) — Former Securities and Exchange Commission General Counsel David Becker said he has suffered from the controversy surrounding Bernard Madoff’s fraud victims. Becker has been criticized for helping make decisions on how victims of Madoff’s multibillion-dollar Ponzi scheme would receive recovered assets, even though his family benefited from their investment with […]

Blockbuster Launches Movie Pass

SAN FRANCISCO, Sept. 23 (UPI) — U.S. movie house Blockbuster said Friday it is launching a new streaming service called Blockbuster Movie Pass. At a news event called “A Stream Come True” in San Francisco, the rental giant that has dramatically cut back on its brick-and-mortar stores in the past year said there would be […]

Ex-eBay CEO Meg Whitman To Lead HP

SAN FRANCISCO, Sept. 22 (UPI) — U.S. computer giant Hewlett Packard confirmed Thursday former eBay Chief Executive Officer Meg Whitman will be HP’s next president and CEO. Whitman, a Republican who lost California’s 2010 gubernatorial election to Democrat Jerry Brown after she left eBay, will replace Leo Apotheker, who served as HP CEO for less […]

Jobless Claims Down By 9,000

WASHINGTON, Sept. 22 (UPI) — First-time jobless benefit claims fell by 9,000 in the week ending Saturday with 423,000 claims filed, the U.S. Labor Department said Thursday. The four-week rolling average for claims filed was 421,000, up 500 from the previous revised average, the department said. In August, the unemployment rate was 9.1 percent, unchanged […]

Mortgage Rates Hold Near Lows

WASHINGTON, Sept. 22 (UPI) — Long-term mortgage rates were little changed, holding near record lows for the week, the U.S. Federal Home Loan Mortgage Corp. reported Thursday. Freddie Mac said the average interest rates for 15-year loans fell from 3.3 percent to 3.29 percent while interest rates on 30-year fixed-rate loans held steady at 4.09 […]

U.S. Leading Indicators Show Risk Rising

NEW YORK, Sept. 22 (UPI) — The U.S. index of leading economic indicators rose 0.3 percent in August, but economic risks are rising, the Conference Board said Thursday. The Leading Economic Index in August rose to 116.2, posting an increase for the third consecutive month, having risen 0.5 percent in July and 0.3 percent in […]

Home Prices Rose Slightly In August

WASHINGTON, Sept. 22 (UPI) — U.S. home prices rose 0.8 percent in July, the Federal Housing Finance Agency said Thursday. The agency’s House Price Index tracks prices for homes with mortgages backed by either the Federal National Mortgage Association or the Federal Home Loan Mortgage Corp. Data shows the index is 3.3 percent below July […]

Facebook Tweak Needed, Zuckerberg Presents Timeline

SAN FRANCISCO, Sept. 22 (UPI) — Facebook Chief Executive Officer Mark Zuckerberg said the U.S. Internet giant was launching a feature called Timeline to upgrade users’ profile pages. “It’s the story of your life,” Zuckerberg said at a Facebook developer conference, referring to the new layout that is designed to make it easier to view […]

Democrats, Auto Groups, Oppose Funding Cut

WASHINGTON, Sept. 20 (UPI) — An alliance of trade groups and 77 U.S. congressmen are appealing to House Speaker John Boehner, R-Ohio, to maintain funding for a fuel-efficiency program. House Republicans have proposed cutting $1.5 billion from a federal loan program administered by the Environmental Protection Agency that is designed to help automobile manufactures with […]

Mortgage Activity Little Changed In Week

WASHINGTON, Sept. 21 (UPI) — The Mortgage Bankers Association says U.S. mortgage activity rose marginally in the week ended Friday with long-term mortgage rates steady or falling. Interest rates for 30-year, fixed-rate mortgages were unchanged in the week at 4.29 percent with points rising from 0.38 to 0.41, the trade group said. Rates for 15-year, […]


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