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Group: Lack Of Jobs Threatens Dreams

WASHINGTON, Sept. 2 (UPI) — The lack of job growth, as evidenced by the August unemployment report, threatens the future of young Americans, Generation Opportunity said Friday. The Department of Labor said no new jobs were added in August and the unemployment rate remained at 9.1 percent. “Young Americans watched and waited patiently for elected […]

Spanish Lawmakers Vote To Restrict Debt

MADRID, Sept. 2 (UPI) — The lower chamber of Spain’s Parliament approved a constitutional amendment that would restrict future budget deficits and public debt Friday. Spanish deputies approved the change by a 316-5 vote, with leftist and most regional nationalist parties either not voting or walking out, the Financial Times reported. “Not doing this would […]

Britain’s New-Start Construction Off

LONDON, Sept. 2 (UPI) — New construction orders in Britain were down for the second quarter, led by cuts to school construction and a static house-building market, officials said. The Office for National Statistics reported new orders were 16.3 percent lower in the second quarter and 23.2 percent lower than in the same period last […]

Initial Jobless Claims Fall

WASHINGTON, Sept. 1 (UPI) — First-time jobless claims filed for the week ending Aug. 27 was 409,000, down 12,000 from the previous week, the U.S. Labor Department said Thursday. The previous week’s first-time claims number of was revised upward to 421,000 from 417,000 originally reported. Thursday’s report indicated the number of continuing unemployment benefit claims […]

U.S. Manufacturing Index Expands In August

TEMPE, Ariz., Sept. 1 (UPI) — U.S. manufacturing grew in August for the 25th consecutive month and the overall economy grew for the 27th straight month, supply executives said Thursday. The latest Manufacturing ISM Report On Business registered 50.6 percent, a 0.3 percent dip from July, but still an overall expansion in the manufacturing sector, […]

Banks, N.Y. Reach Deal On Loan Robo-Signings

NEW YORK, Sept. 1 (UPI) — Three banks and New York regulators reached a deal in which the banks agreed to rectify sloppy practices used in signing foreclosure documents. Under the agreements, the three banks — Goldman Sachs Group, its Litton Loan Servicing business and Ocwen Financial Corp. — agreed to stop “robo-signing,” the practice […]

50 Banks Get Small Business Loan Funding

WASHINGTON, Sept. 1 (UPI) — The U.S. Treasury Department announced 50 more banks received $767 million from the Small Business Lending Fund to increase loans to small businesses. The latest additions raise to 130 the number of banks that received a total of $1.8 billion in loans, the department said in a news release. The […]

Amazon Offers California Jobs, Centers

SACRAMENTO, Sept. 1 (UPI) — Internet retailer Amazon.com offered to build distribution centers and hire 1,000 workers if California drops, even temporarily, its sales tax collection law. The proposal was made in the form of draft legislation offered during a meeting between Amazon lobbyists and representatives of companies belonging to the California Retailers Association, the […]

Justice Department Sues To Stop AT&T, T-Mobile Merger

WASHINGTON, Aug. 31 (UPI) — The U.S. Justice Department filed suit in Washington to block a proposed AT&T merger with T-Mobile Wednesday, saying the combination would hurt customers. At a press conference, Deputy Attorney General James Cole said “We all reap the benefits of this incredible technology,” referring to wireless telecommunications. However, he said, “we […]

Jobs Up, Layoffs Down In August

ROSELAND, N.J., Aug. 31 (UPI) — Payroll company Automatic Data Processing said Wednesday the private sector added 91,000 jobs to the economy in August. The firm also reported a revised figure for July that pegs job gains for that month at 109,000, rather than the 114,000 previously reported. The figure for August came in about […]

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