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Deal Reached On Voting For 3 Trade Pacts

WASHINGTON, Aug. 5 (UPI) — U.S. Senate leaders said they reached agreement to bring three long-delayed trade deals up for a vote when Congress returns from its August recess. As part of the deal, Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell also agreed to vote on the Trade Adjustment Assistance program, which […]

Cobham Gets Missile Defense Awards

ARLINGTON, Va., Aug. 5 (UPI) — Cobham Analytic Solutions has been awarded nine task orders for engineering support to the U.S. Missile Defense Agency. The orders carry a combined total of $227 million over two years. The task order awards were competed under the MDA Engineering and Support Services omnibus contract vehicle and covers support […]

U.S. Unemployment Dips To 9.1 Percent

WASHINGTON, Aug. 5 (UPI) — The United States added 117,000 jobs in July and the unemployment rate dropped from 9.2 percent to 9.1 percent, the Labor Department said Friday. Job gains in May and June were revised upward by a combined 56,000, the department said. Private-sector companies hired 154,000 workers but governments at all levels […]

Small Businesses Said Best For Growth

UNIVERSITY PARK, Pa., Aug. 4 (UPI) — Small local businesses, not big nationwide companies, could be the key for communities to ignite long-term economic growth, U.S. economists say. Economists at Penn State University say small, locally owned businesses and startups usually generate higher incomes in a community, whereas big, non-local companies can actually depress a […]

Mortgage Rates Tumble In Week

WASHINGTON, Aug. 4 (UPI) — Long-term mortgage rates fell sharply in the week ending Thursday, pushed lower by a weak economy, the U.S. Federal Home Loan Mortgage Corp. said. Average interest rates for 15-year loans fell to a historic low, while 30-year fixed-rate loans fell to a low for 2011, Freddie Mac said. Interest rates […]

DOT Fines United Airlines $20,000

WASHINGTON, Aug. 4 (UPI) — U.S. Department of Transportation said it fined United Airlines for failing to inform passengers correctly of compensation allowed for luggage problems. The department said it had fined the airline $20,000 for failing to inform customers of an increase in the amount allowed for delayed or lost baggage per passenger, which […]

Morocco Rolls Out F-16s

MARRAKECH, Morocco, Aug. 4 (UPI) — The Moroccan air force Thursday unveiled the first four of 24 Lockheed Martin F-16s it purchased in a ceremony at Ben Guerir Air Base in Morocco. Senior representatives from the Moroccan and U.S. governments and air forces were present for the roll out. The aircraft are the first F-16s […]

Booze Allen To Support Army Training

MCLEAN, Va., Aug. 4 (UPI) — The U.S. Army has given a prime contract to Booz Allen Hamilton for mission services in support of the Army Training Support Center. The support extends to Army-wide organizations that comprise the Training Support System Enterprise, which manages Army ranges, land assets and training support across the service’s emerging […]

Jobless Claims Drop To 400,000

WASHINGTON, Aug. 4 (UPI) — First-time jobless benefit claims dropped to 400,000 in the week ending Saturday with 1,000 fewer claims than the previous week, the Labor Department said. The four-week rolling average for claims filed was 407,750, a drop of 6,750 from the previous revised average, the department said Thursday. In the week ending […]

Kraft To Split Into Two Giants

NORTHFIELD, Ill., Aug. 4 (UPI) — Kraft Food Inc. Thursday said it would divide itself in two, spinning off its snack division from its U.S. grocery business. “We have built two strong, but distinct portfolios. Our strategic actions have put us in a position to create two great companies,” said Chairman and Chief Executive Officer […]

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