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Israel Seeks To Buy U.S. Equipment In Iraq

TEL AVIV, Israel, Aug. 26 (UPI) — Israel’s Defense Ministry is negotiating with the Pentagon to buy U.S. military equipment in Iraq that’s due to be shelved as surplus or sold as the last contingent of U.S. forces prepared to withdraw. The Jerusalem Post reported that the Israeli military “is looking to renew its aging […]

Jobs Resigns As Apple CEO

CUPERTINO, Calif., Aug. 24 (UPI) — Apple Inc. Chief Executive Officer Steve Jobs resigned Wednesday, telling the U.S. company’s board he can “no longer meet my duties and expectations.” The board announced the resignation, and said it has named Tim Clark to succeed Jobs, The Wall Street Journal reported. Cook, who has been serving as […]

N.J.’s Gov. Christie Blocks Fracking Ban, Orders Study

TRENTON, N.J., Aug. 25 (UPI) — Legislation that would have permanently banned hydraulic fracturing in New Jersey has been blocked by the governor, an industry association announced Thursday. Gov. Chris Christie conditionally vetoed the legislation and ordered state officials to begin the process of drawing up regulations to ensure that “fracking” is conducted safely. “Without […]

Long-term Mortgage Rates Rise

WASHINGTON, Aug. 25 (UPI) — Long-term mortgage rates rose during the week ending Thursday, the U.S. Federal Home Loan Mortgage Corp. reported. Interest rates were up after diving sharply in the previous week with turmoil in stock markets sending investors toward government bonds, which put benchmark rates lower. Freddie Mac said the average interest rates […]

One Firm Reshuffles Jobless Claims Number

WASHINGTON, Aug. 25 (UPI) — First-time jobless benefit claims rose by 5,000 in the week ending Saturday with the number skewed by a strike at Verizon, the Labor Department said. With 45,000 Verizon Communications workers on strike, the Labor Department said 8,500 of those filed for unemployment benefits during the week, CNNMoney reported. The catch […]

Foreclosures 31 Percent Of U.S. Home Sales

IRVINE, Calif., Aug. 25 (UPI) — Foreclosure sales as a percentage of U.S. home sales dropped in the second quarter compared to the first, online marketplace RealtyTrac said Thursday. Homes listed in some stage of foreclosure or fully bank owned made up 31 percent of all residential U.S. home sales, down from 36 percent in […]

Moody’s Lowers Japan’s Rating

TOKYO, Aug. 23 (UPI) — Moody’s rating agency Wednesday lowered Japan’s debt rating a notch to Aa3 from Aa2, citing its deficits and government debt, but said the outlook is stable. In its announcement, Moody’s Investors Service Inc. said the downgrade “is prompted by large budget deficits and the build-up in Japanese government debt since […]

Durable Goods Orders Beat Expectations

WASHINGTON, Aug. 24 (UPI) — U.S. durable goods orders jumped 4 percent in July, covering economists’ expectations and then some, the Commerce Department said Wednesday. Economists expected new orders for goods that last three years or more to rise 2.1 percent. However, commerce said orders rose by $7.7 billion for all categories of durable goods […]

Home Prices, Up In June, Down In Quarter

WASHINGTON, Aug. 24 (UPI) — A federal agency said Wednesday U.S. home prices fell 0.6 percent in the second quarter, but rose in June compared to May. The Federal Housing Finance Agency, which tracks prices for homes with mortgages backed by either the Federal National Mortgage Association or the Federal Home Loan Mortgage Corp., said […]

Mortgage Activity Down Slightly

WASHINGTON, Aug. 24 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity fell in the week ending Friday as interest rates rose. Interest rates for 30-year, fixed-rate mortgages rose from 4.32 percent to 4.39 percent with points rising from 0.86 to 0.88. Rates for 15-year, fixed-rate contracts rose from 3.47 percent to 3.56 percent […]


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