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U.K. Trade Gap With EU Widens

LONDON, Sept. 13 (UPI) — U.K. exports to EU members in July fell by 1.2 percent from June and imports rose 2.8 percent, the Office of National Statistics said Tuesday. Exports of goods to EU members totaled $20.85 billion in the month, while imports reached $26.7 billion, creating a trade deficit for the month of […]

Import Prices Fell In August

WASHINGTON, Sept. 13 (UPI) — U.S. import prices fell 0.4 percent in August after climbing 0.3 percent in the previous month, the Department of Labor said Tuesday. Prices for fuel imports fell 1.8 percent, contributing to the overall decline. Non-fuel import prices in August rose 0.2 percent. Import prices have dropped in two of the […]

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 […]

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