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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 […]

Industrial Production Rises In Europe

BRUSSELS, Sept. 14 (UPI) — Industrial production rose 1 percent in the 17-member eurozone in July, the EU statistical office Eurostat reported Wednesday. Production rose after a sharp 0.7 percent decline May to June. Among the 27-member European Union, production rose 1.1 percent after declining 1.2 percent in the previous monthly report. On an annual […]

Mortgage Activity Climbs In Week

WASHINGTON, Sept. 14 (UPI) — The Mortgage Bankers Association says U.S. mortgage activity rose in the week ended Friday with mortgage rates falling. Interest rates for 30-year, fixed-rate mortgages fell from 4.23 percent to 4.17 percent with points falling from 1.04 to 0.97. Rates for 15-year, fixed-rate contracts fell from 3.41 percent to 3.4 percent […]

Producer Prices Flat In August

WASHINGTON, Sept. 14 (UPI) — The U.S. Producer Price Index for finished goods was unchanged in August, the Bureau of Labor Statistics reported Tuesday. Overall, prices received by producers were flat after rising for 12 out of the past 13 months. Prices for finished goods rose 1.1 percent, while prices for energy items dropped 1 […]


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