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Consumer Spending Accelerates Fastest Since 2009

WASHINGTON, May 1 (UPI) — Consumer spending accelerated the most in five years in March, as shoppers embraced the warmer weather and made a beeline to auto dealers and malls. Personal consumption — which includes purchases from cars to sliced bread — was up a seasonally adjusted 0.9 percent, the Commerce Department said. This was […]

Jobless Claims Jump For Second Straight Week, Up 14,000 To 344,000

WASHINGTON, May 1 (UPI) — The number of Americans filing for unemployment benefits rose for the second straight week by 14,000 new claims to a seasonally adjusted level of 344,000. This is the highest level seen since February and came as a surprise to economists who had estimated claims would fall to 320,000 for the […]

Mark Fields To Replace Alan Mulally As Ford CEO

DETROIT, May 1 (UPI) — Ford CEO Alan Mulally, who is credited with turning around the car maker, will retire July 1 and will be succeeded by his lieutenant Mark Fields. Fields has long been seen as the CEO-in-waiting after he was promoted to chief operating officer in 2012. Before being appointed COO, Fields was […]

Northrop Producing Counter-IED Jamming Backpack System

SAN DIEGO, April 30 (UPI) — Electronic jamming backpack systems to protect U.S. Marines from roadside improvised explosive devices are being produced by Northrop Grumman. Five initial production systems have been ordered from the company for testing under the Counter Radio-controlled IED Electronic Warfare Marine Expeditionary Unit Special Operation Capable, or CREW MEU, contract, which […]

B&W Subsidiary To Manufacture Nuclear Power Systems For Navy

CHARLOTTE, N.C., April 30 (UPI) — A subsidiary of The Babcock & Wilcox Company is to manufacture nuclear components to support U.S. Defense programs, B&W reported on Wednesday. Work by subsidiary B&W Nuclear Operations Group Inc., under a $23.7 million incremental order, includes the manufacture of U.S. Navy nuclear power systems for submarines and aircraft […]

U.S. Economy Grows At A Glacial 0.1 Percent

WASHINGTON, April 30 (UPI) — The U.S. economy seems to have felt the effects a harsh winter, weak exports and lower spending by businesses, which brought the economy to a near standstill. The economy grew a meagre 0.1 percent in the first three months of the year — the slowest pace since 2012. Economists had […]

Private Businesses Add 220,000 Jobs, Highest In Five Months

NEW YORK, April 30 (UPI) — U.S. employers upped their hiring in April, with private businesses adding 220,000 new jobs, as the economy seems to be brushing off the effects of a harsh winter. The employment report complied by payroll processor Automatic Data Processing and forecasting firm Moody’s Analytics also revised March’s figures up from […]

Apple Releases New Sub-$1,000 Macbook Air

CUPERTINO, Calif., April 29 (UPI) — Apple released Tuesday its updated versions of the Macbook Air line, making them faster and dropping $100 off the price of all four models. The price drop puts the 11-inch Macbook Air at $899, making it the first time that Apple has sold a notebook to the public for […]

Study: Revenues Dip But Profits Up For Defense Industry

NEW YORK, April 29 (UPI) — Declines in revenues last year were recorded by 17 of the top 20 U.S. defense contractors but profitability increased, a new study shows. Deloitte, the international consulting firm, said a revenue decline of 2.6 percent was mostly the result of the Budget Control Act of 2011, which led to […]

Mozilla Gives Firefox 29 A Major Makeover

MOUNTAIN VIEW, Calif., April 29 (UPI) — Mozilla released its most ambitious update to the Firefox browser, the first since 2011, with an emphasis on customisation and cross-device syncing. The browser now features a modernized look, with rounded tabs, and the ability to access preferences from the browser quickly and to edit features and add-ons. […]

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