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Economic Impact Of Traffic Accidents? About $1 Trillion A Year

(MCT) — Motor vehicle crashes in the United States every year have an economic toll of almost $1 trillion. That includes $277 billion in actual cost, and an estimated $594 billion in “harm from the loss of life and the pain and decreased quality of life due to injuries,” a new U.S. Department of Transportation’s […]

Suspended GM Engineer Met With Congressional Staff

WASHINGTON (MCT) — Congressional investigators acknowledged Thursday morning that they met with a suspended General Motors engineer linked to the recall of 2.6 million cars regarding a safety defect blamed for 13 deaths and 42 crashes. Following a report Wednesday night in The New York Times, a spokeswoman for the House Energy and Commerce Committee […]

Sallie Mae Agrees To $139 Million Settlement For Cheating Soldiers

NEWARK, Del. (UPI) — Sallie Mae and their former loan servicing unit, now called Nanvient, agreed to pay $139 million to settle allegations that they charged unfair student loan fees to soldiers. The Department of Justice and the Federal Deposit Insurance Corp. accused the loan giant of intentionally violating the Service Members Civil Relief Act […]

U.S. Wholesale Prices Rise By Most In More Than A Year

WASHINGTON (UPI) — U.S. wholesale prices rose for the second month in a row, suggesting that pricing pressures are building despite an extended period of low inflation. The producer price index rose by a seasonally adjusted 0.6 percent for the month of April, up from 0.5 percent in March, according to the Labor Department. Economists […]

U.S. Retail Sales Stay Flat For April, Despite Warmer Weather

WASHINGTON (UPI) — U.S. retail sales for April fell short of economists’ expectations who expected sales to improve after the inclement weather during the first part of the year. Retails sales grew by a sluggish 0.1 percent over the previous month, according to the U.S. Commerce Department. Economists surveyed by the The Wall Street Journal […]

AT&T In Talks To Buy DirecTV For $50 Billion

DALLAS (UPI) — AT&T is in talks to buy satellite TV provider DirecTV for a reported $50 billion, expanding the wireless, phone and high-speed broadband provider’s services to satellite TV. The two companies are discussing a deal that would involve a mixture of cash and AT&T stock but that would have DirecTV’s management run the […]

Large Tech Companies Slam FCC’s Proposed Net Neutrality Rules

WASHINGTON (UPI) — A group of large tech companies, including Google, Facebook and Amazon, have written a letter to the Federal Communications Commission expressing concern over proposed net neutrality rules. The companies expressed their desire for a free and fair internet saying their success could be attributed to “a world without discrimination.” They want users […]

Target Chairman And CEO Resigns Amid Data Breach Fallout

MINNEAPOLIS (UPI) — Target chairman and CEO Gregg Steinhafel resigned Monday in the wake of continuing fallout from a massive data breach last December that left millions of customers’ credit card data unprotected. “Today we are announcing that, after extensive discussions, the board and Gregg Steinhafel have decided that now is the right time for […]

Amazon Users Can Add Items To Shopping Cart Directly From Twitter

SEATTLE (UPI) — Amazon announced a partnership with Twitter that allows users to link both accounts and add products to their shopping cart by using the hashtag #AmazonCart. The new initiative would require Twitter users to link their their account to their Amazon account. Users can add items to their shopping cart automatically by responding […]

Windows XP Users Included In Internet Explorer Security Patch

SEATTLE, May 1 (UPI) — Microsoft has issued a security patch for the security hole in all versions of Internet Explorer, and has even included a patch for XP users. The tech company had stopped issuing updates and support for XP users form April 8, and said that the issuance of this update did not […]

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