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Walgreens To Sell Health Insurance?

DEERFIELD, Ill., Aug. 9 (UPI) — U.S. drugstore chain Walgreens is expected to begin selling health insurance before the end of the year, sources told CNNMoney. Walgreens did not comment directly on the plan. Instead, a company spokesman said the retailer was “looking at a number of options in light of healthcare reform as we […]

Salgado Says Spain Is On Target

MADRID, Aug. 9 (UPI) — Spanish Finance Minister Elena Salgado said Spain would hit its financial goals this year without an international bailout. “Spain’s fundamentals show we are very far from requiring a bailout,” Salgado said during a radio interview, The New York Times reported Tuesday. With help from the European Central Bank, yields on […]

OPEC Pulls Back On Demand Expectations

LONDON, Aug. 9 (UPI) — The Organization of Petroleum Exporting Countries meeting in London Tuesday cut their forecast for global economic growth to 3.7 percent for 2011. OPEC said economic growth would reach 4 percent in 2012. Pointing out the stumbling economic recovery would impact oil demand, the world’s largest oil cartel in a monthly […]

$99M U.S. Navy Contract For SAIC

MCLEAN, Va., Aug. 9 (UPI) — Science Applications International Corp. has won a $99 million contract from the U.S. Space and Naval Warfare Systems Center for C4ISR services. The prime contract for command, control, communications, computers, intelligence, surveillance and reconnaissance is an indefinite-delivery/indefinite-quantity award. It features a one-year base period of performance and six one-year […]

Britain’s Trade Gap Widens

LONDON, Aug. 9 (UPI) — Britain’s trade gap rose to $7.2 billion in June as exports fell by $1.9 billion and imports dropped by $1.2 billion, the government said Tuesday. Britain’s deficit in goods trading grew to $14.2 billion in June from $13.7 billion in May. In services, the trade surplus came in at $7.1 […]

Crude Oil Reacts To Equity Drama

NEW YORK, Aug. 9 (UPI) — Crude oil prices climbed above $81 per barrel in New York, after hitting a 10-month low Monday with prices mirroring the volatility on Wall Street. On the New York Mercantile Exchange, crude oil added 57 cents to reach $81.88 per barrel after dropping 7 percent earlier as markets reacted […]

China Inflation Hits 6.5 Percent In July

BEIJING, Aug. 9 (UPI) — China’s inflation rate jumped to 6.5 percent in July, the government said Tuesday amid plunging global stock prices. The July consumer price index, the main gauge of the country’s inflation, was up from June’s 6.4 percent and a hit a 37-month high, the National Bureau of Statistics said. The announcement […]

ECB To Buy Italian, Spanish Bonds

BRUSSELS, Aug. 8 (UPI) — The European Central Bank said it would buy Italian and Spanish bonds and eurozone countries would have to call legislative sessions on the financial crisis. In a series of telephone conference calls in the past three days, ECB officials and EU ministers discussed ways to calm market fears after the […]

Obama: Deficit Problems ‘solvable’

WASHINGTON, Aug. 8 (UPI) — President Obama said the U.S. deficit problems were “imminently solvable” and that he hoped the credit downgrade would spur Washington to act. Standard and Poor’s downgraded the U.S. credit rating Friday from AAA to AA+ because “they doubted our political system’s ability to act,” Obama said in a statement. “The […]

Israel Seeks ‘strategic Reach’ For Navy

HAIFA, Israel, Aug. 8 (UPI) — Israel seeks to build up its navy, partly to counter the Iranian ballistic missile threat, with missile-firing submarines and two other warships. Israel’s military planners said the country will purchase three more missile-firing submarines from Germany and build two corvettes that could be armed with the first naval version […]

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