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Obama Meets With Top CEOs At White House

WASHINGTON, Aug. 12 (UPI) — President Barack Obama met at the White House Friday with top executives from eight major U.S. companies to talk about the economy and jobs. The meeting came at the end of a volatile week on world financial markets, stoked largely by concern about a global economic turndown and the prospect […]

NASA Forms New Directorate

WASHINGTON, Aug. 12 (UPI) — U.S. space agency NASA is creating a directorate that will focus on International Space Station operations and human exploration beyond low Earth orbit. The organization — the Human Exploration and Operations Mission Directorate — combines the Space Operations and Exploration Systems mission directorates. “America is opening a bold new chapter […]

Court Rejects Mandatory Health Insurance

ATLANTA, Aug. 12 (UPI) — An appeals court in Atlanta said Friday President Barack Obama’s healthcare reform law overstepped its boundaries and was, in part, unconstitutional. The 2-1 panel vote at the 11th Circuit U.S. Court of Appeals, which directly contrasts with a ruling in Cincinnati, said the federal mandate that requires individuals to either […]

Northrop, USO Team For Troops

COLORADO SPRINGS, Aug. 12 (UPI) — Northrop Grumman employees in Colorado worked with the United Service Organizations to provide 12,000 care packages for deploying service men and women. The company said about 250 employees from the company’s Colorado Springs, Boulder and Aurora locations volunteered at an Operation USO Care Package Stuffing Party to assemble deployment […]

Industrial Production Slips In Europe

BRUSSELS, Aug. 12 (UPI) — Industrial production dropped sharply in the eurozone and European Union in June, the EU statistical office Eurostat reported Friday. Production fell by 0.7 percent in the 17 nations that use the euro as currency and 1.2 percent in the 27-member European Union. Economists had expected industrial production to rise about […]

Italian Official: ‘Blood And Tears’ Needed

ROME, Aug. 12 (UPI) — Italian Prime Minister Silvio Berlusconi held several meetings Friday to work on an austerity plan to keep a financial crisis from worsening, his office said. The government is looking for $29 billion in savings and revenue to try to balance the budget by 2013 and reassure global markets about its […]

July Retail Up Higher Than Expected

WASHINGTON, Aug. 12 (UPI) — Retail sales in July rose a slim 0.5 percent, one tick higher than expected, the U.S. Census Bureau reported Friday. Retail sales, including food service sales, adjusted for seasonal variations but not for prices, were $390.4 billion, an 8.5 percent increase from July 2010, the bureau said in a release. […]

U.S. Trade Gap Jumps By $2.3 Billion

WASHINGTON, Aug. 11 (UPI) — The U.S. international trade deficit rose to $53.1 billion in June, up from an upwardly revised $50.8 billion in May, the U.S. Census Bureau said Thursday. The previous estimate for May was $50.2 billion. For June, exports totaled $170.9 billion, while imports totaled $223.9 billion. Exports, at $170.9 billion, were […]

Canadian Trade Deficit Widens In June

OTTAWA, Aug. 11 (UPI) — Canada’s international trade deficit widened to $1.6 billion in June with a 1.7 percent decrease in exports, Statistics Canada reported from Ottawa Thursday. “Exports fell to $36.5 billion, largely the result of declines in energy products and automotive products,” the agency said. “Exports of energy products declined 5.1 percent to […]

China Trade Surplus Soars To $31.5B

BEIJING, Aug. 11 (UPI) — China’s July trade surplus of $31.5 billion eased fears the problems in the U.S. economy and European debt crisis might hit Chinese exports, experts said. The July surplus was the highest in 30 months and resulted from higher-than-expected export growth, especially to the European Union, the government said. Officials and […]

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