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Ford Retires Crown Victoria

DEARBORN, Mich., Sept. 16 (UPI) — Ford Motor Co. said it has produced its last Crown Victoria, a middle-class icon that was prominent in fleets of corporations and police departments. Ford said over the past year it only produced 80,000 of the Crown Vic cars, which were made with a body-on-frame design as opposed to […]

Gold, Silver Prices Gain

NEW YORK, Sept. 16 (UPI) — Gold prices topped $1,800 an ounce Friday on the Comex division of the New York Mercantile Exchange, adding $33.60 to settle at $1,812.10 an ounce. Silver settled up $1.328 to $40.78 an ounce. The euro fell to $1.3788 from Thursday’s $1.3884. Against the yen, the dollar rose to 76.87 […]

Eurozone Trade Surplus Up From June

BRUSSELS, Sept. 16 (UPI) — The 17-nation eurozone posted a $5.9 billion trade surplus in July, a decrease from July 2010 but a slight increase from June 2011, Eurostat said. The surplus was $138 million higher than June 2011, Eurostat said. It was $500 million lower than July 2010, however. In the larger 27-member European […]

U.S. Army Orders Ammo For Afghans

MINNEAPOLIS, Sept. 16 (UPI) — ATK of Minnesota said it has received a multiyear contract worth $30 million in orders to supply ammunition to Afghanistan’s security forces. The order for non-standard (non-NATO) ammunition came through the U.S. Army’s Product Director, Non-Standard Ammunition, Picatinny Arsenal, N.J. ATK has supplied more than 200 million non-standard ammunition items […]

Skilling Files For Supreme Court Review

HOUSTON, Sept. 15 (UPI) — Former Enron Chief Executive Officer Jeffrey Skilling has asked the U.S. Supreme Court to review his case a second time, court papers show. Skilling’s conviction on a 19 counts in 2006 went all the way to the Supreme Court last year, the Houston Chronicle reported Thursday. The Supreme Court ruled […]

Jobless Claims Rise By 11,000 In Week

WASHINGTON, Sept. 15 (UPI) — First-time jobless benefit claims rose by 11,000 in the week ending Saturday with 428,000 claims filed, the U.S. Labor Department said Thursday. The four-week rolling average for claims filed was 419,500, up 4,000 from the previous revised average, the department said. In August, the unemployment rate was 9.1 percent, unchanged […]

CPI Up 0.4 Percent July To August

WASHINGTON, Sept. 15 (UPI) — The Consumer Price Index rose a seasonally adjusted 0.4 percent in August while the core rate rose 0.2 percent, the U.S. Labor Department said Thursday. The index has risen 3.8 percent in the last 12 months before the seasonal adjustment, the department’s Bureau of Labor Statistics said in a release. […]

Long-Term Mortgage Rates Hit Record Again

WASHINGTON, Sept. 15 (UPI) — Long-term mortgage rates dropped to record lows for the second consecutive week, the U.S. Federal Home Loan Mortgage Corp. reported. Freddie Mac said the average interest rates for 15-year loans fell from 3.33 percent to 3.3 percent while interest rates on 30-year fixed-rate loans dropped from 4.12 percent to 4.09 […]

Industrial Production Up Modestly

WASHINGTON, Sept. 15 (UPI) — Industrial production rose 0.2 percent in August after advancing 0.9 percent in July, the U.S. Federal Reserve Board said Thursday. Manufacturing output rose 0.5 percent, with production of durable goods up 1.3 percent and production of non-durable goods down 0.1 percent. Output from U.S. utility firms dropped 3 percent, as […]

Housing Bust Might See Fewer College Kids

CHICAGO, Sept. 15 (UPI) — A U.S. study has suggested an unexpected consequence of the recession’s housing bust: lower college attendance caused by lower home equity levels. As home values skyrocketed in the late 1990s and early 2000s, Cornell University economist Michael Lovenheim said, many families borrowed against that new equity to send their children […]

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