Business
Greece Secures New Bailout Terms
ATHENS, Greece (UPI) — Lenders in Europe agreed to new terms for loans to Greece that will free up an additional $3.6 billion disbursement for the debt-burdened government. The agreement includes a new round of austerity measures. Specifically, The New York Times reported Monday, Greece will layoff an additional 15,000 civil servants, including 4,000 this […]
Dish Makes Play For Sprint
LITTLETON, Colo. (UPI) — U.S. television carrier Dish Network Corp. said it made a $25.5 billion offer to buy Sprint Nextel Corp. as a bid to jump quickly into the wireless industry. “We felt like we needed to act now,” said Thomas Cullen, Dish’s executive vice president for corporate development. The bid from Dish includes […]
Brother Makes Offer For Kodak Scanning Business
ROCHESTER, N.Y. (UPI) — Struggling U.S. film giant Eastman Kodak Co. said it had a tentative $210 million offer for its document scanning business. Brother Industries Ltd., a Japanese company, has made the cash offer that needs to be approved by the bankruptcy court before it can proceed, the Rochester (N.Y.) Democrat and Chronicle reported […]
Hobby Lobby Sets Its Own Pace On Hourly Wages
OKLAHOMA CITY (UPI) — National craft retailer Hobby Lobby based in Oklahoma said it had raised its hourly wage for full time staff to a minimum of $14 per hour. Part-time workers were also given a raise with minimum pay bumped from $9 per hour to $9.50, The Daily Oklahoman said Monday. For full-time workers, […]
Retail Sales Slid In March
WASHINGTON (UPI) — Retail and food service sales dropped 0.4 percent to $418.3 billion February to March, the U.S. Census Bureau said Friday. Sales for the month were 2.8 percent higher than March 2012. But economists were surprised by the month-to-month drop. The consensus forecast called for sales to break even after they rose 1 […]
Producer Prices Slipped In March
WASHINGTON (UPI) — The U.S. Producer Price Index for finished goods dropped 0.6 percent in March, coming in lower than expected, the Bureau of Labor Statistics reported Friday. Economists had expected a drop of 0.2 percent for the prices producers receive for finished goods. The decline, which comes after a 0.7 percent gain in February, […]
Small Business Poll: Tax Loopholes Should Go
WASHINGTON (UPI) — A large majority of U.S. small business owners oppose the loophole-oriented tax rules that give big breaks to the biggest firms, a poll indicated Friday. The poll sponsored by The Main Street Alliance and the American Sustainable Business Council found more than four out of five respondents indicated they were opposed to […]
U.S. Housing Market Showing Signs Of Bubbles
LOS ANGELES (UPI) — Online real estate firm Redfin.com said the U.S. housing market shows signs of bubbles in certain locations due to prices climbing faster than incomes. In Los Angeles, for example, the home prices to incomes ratio is now 26 percent higher than it was thirteen years ago. In addition, “so many people […]
Researchers Say Wearing Bra ‘False Necessity’
BESANCON, France (UPI) — French researchers say bras do little to support women’s breasts and may actually cause more harm than going braless. Professor Jean-Denis Rouillon of Besancon University and a team of researchers studied the anatomy of 330 women during a 15-year period and have come to the conclusion bras are not necessary, The […]
Study: Music Heard For The First Time ‘Lights Up’ Brain Reward Center
MONTREAL (UPI) — Listening to music that’s new to the listener is rewarding for the brain, a team of Canadian researcher says. MRI scans of volunteers in experiments showed the reward center of their brains became activated when they heard a song for the first time. The more the volunteers said they enjoyed the music […]
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