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Poll: Consumer Confidence Rising

LOS ANGELES, Sept. 13 (UPI) — Confidence among U.S. consumers lifted off historic lows in September, private research firm TechnoMetrica Market Intelligence said Tuesday. The firm’s IBD/TIPP Economic Optimism Index added 4.1 points from August to September, climbing from 35.8 to 39.9, the firm said. The index is based on 828 surveys conducted in the […]

Retail Sales Rise In Week

WASHINGTON, Sept. 13 (UPI) — Retail sales receipts rose 1.3 percent in the week ended last Sunday, a U.S. trade group said Tuesday. The International Council of Shopping Centers said sales were on a rebound after dropping 0.7 percent in the previous week due to Hurricane Irene, which interrupted shopping on the East Coast. ICSC […]

Bankruptcy Rises Among College Educated

PORTLAND, Maine, Sept. 13 (UPI) — The number of U.S. debtors with college educations filing for bankruptcy rose 20 percent in the past five years, a financial research group said. The Institute for Financial Literacy, a non-profit group based in Maine, found bankruptcy filers with incomes of $60,000 or more rose by 66 percent in […]

Cargill Recalls Ground Turkey

WICHITA, Kan., Sept. 11 (UPI) — Cargill issued a recall notice Sunday for 185,000 pounds of potentially contaminated ground turkey produced at an Arkansas packing plant. The Kansas-based food company said in a written statement the Class I voluntary recall was issued after salmonella bacteria was discovered in ground turkey at the Springdale facility last […]

Unions File To Push Saab Into Bankruptcy

TROLLHATTAN, Sweden, Sept. 12 (UPI) — A labor union leader in Sweden said a petition to have automaker Saab declared bankrupt does not mean the firm is out of the carmaking business. “The bankruptcy doesn’t in any way get in the way of a future economic solution, which may come,” said Unionen Chairwoman Cecilia Fahlberg, […]

China’s August Trade Surplus Dips To $17.8 Billion

BEIJING, Sept. 12 (UPI) — China’s trade surplus in August shrank to $17.75 billion from July’s $31.5 billion, largely because of higher imports, the government said. The July surplus, however, was the highest in 2 1/2 years despite the global economic doldrums, China Daily reported. The government said while slowing global demand is pinching China’s […]

McGraw-Hill To Split Itself In Two

NEW YORK, Sept. 12 (UPI) — New York publishing giant McGraw-Hill said Monday it would split into two independent companies — one focused on markets and the other on education. McGraw-Hill, which divested itself of broadcasting assets this summer, said one company would operate Standard & Poor’s — both the index and the credit rating […]

Bank Of America To Cut Costs By $5 Billion

NEW YORK, Sept. 12 (UPI) — Bank of America Chief Executive Officer Brian Moynihan said Monday the bank, largest in the United States, would trim annual costs by $5 billion. Moynihan, speaking at an investors’ conference, said the bank would trade size for value, The New York Times reported. “We do not have to be […]

U.S. Trade Deficit Shrinks

WASHINGTON, Sept. 8 (UPI) — U.S. international trade shifted from a revised $51.6 billion deficit in June, to $44.8 billion in July, the U.S. Census Bureau said Thursday. For July, exports rose $6.2 billion to $178 billion, while imports fell $.5 billion to $222.8 billion. Exports of goods rose $5.7 billion to $126.9 billion in […]

Jobless Claims Rise By 2,000

WASHINGTON, Sept. 8 (UPI) — First-time jobless benefit claims rose by 2,000 in the week ending Saturday with 414,000 claims filed, the U.S. Labor Department said. The four-week rolling average for claims filed was 414,750, up 3,750 from the previous revised average, the department said Thursday. In August, the unemployment rate was 9.1 percent, unchanged […]

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