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Moody’s Allows U.S. To Keep AAA Rating

NEW YORK, Nov. 23 (UPI) — Credit rating firm Moody’s said the United States could keep its Triple A credit rating despite failure in Washington to agree to a deficit reduction plan. The so-called supercommittee of six Democrats and six Republicans was charged with forging an agreement on a 10-year plan to reduce the nation’s […]

Two Banks Bail Out Of TARP, Return Funds

WASHINGTON, Nov. 23 (UPI) — The U.S. Treasury Department said Wednesday two banks have repurchased shares held under the TARP program, returning $210 million to taxpayers. The Bank of Kentucky Financial Corp., of Crestview Hills, Ky., has repurchased all of its outstanding preferred shares for $17 million. In addition the bank paid $18,888 in dividends […]

First-Time Jobless Claims Down By 2,000

WASHINGTON, Nov. 24 (UPI) — First-time jobless benefit claims declined by 2,000 in the week ending Saturday with 393,000 claims filed, the U.S. Labor Department said. It was the seventh consecutive week initial claims have dropped. The four-week rolling average for first-time claims filed as of Saturday was 394,250, down 3,250 from the previous revised […]

Safe Shopping Tips For Cyber Monday

NEW YORK, Nov. 25 (UPI) — The next national U.S. shopping event after Black Friday, called Cyber Monday, is fraught with possibilities for error, a private Internet firm said. SortPrice.com, a Web site that helps consumers compare prices, said Cyber Monday offers new choices, but “with all of those choices, however, comes the reality that […]

AT&T, T-Mobile Merger On Last Legs

NEW YORK, Nov. 25 (UPI) — U.S. telecommunications giants AT&T and T-Mobile USA said they have pulled a federal application for a merger, but the merger was not completely scrapped. The parent company of T-Mobile, Deutsche Telekom, said it was gearing up for a court battle with the Federal Communications Commission, which filed a lawsuit […]

First-Time Jobless Claims Hit 7-Month Low

WASHINGTON, Nov. 17 (UPI) — First-time jobless benefit claims declined by 5,000 in the week ending Saturday with 388,000 claims filed, the U.S. Labor Department said Thursday. It was the sixth consecutive week initial claims have dropped with the figure the lowest it has been since early April. The four-week rolling average for claims filed […]

Long-Term Mortgage Rates Up A Touch

WASHINGTON, Nov. 17 (UPI) — Long-term mortgage rates were slightly higher in the week ending Thursday, the U.S. Federal Home Loan Mortgage Corp. said. Freddie Mac said the average interest rates for 30-year, fixed-rate loans rose from 3.99 percent to 4 percent with an average of 0.7 points for the week. A year earlier during […]

A Bundle Still Missing At MF Global

NEW YORK, Nov. 17 (UPI) — An explanation for $600 million in missing funds at MF Global is becoming increasingly illusive, said a high-ranking regulator in New York. The firm filed for bankruptcy in late October, which triggered an army of lawyers, regulators and members of the Justice Department to descend on the firm, all […]

Unlawul Tarmac Delays In September: Three

WASHINGTON, Nov. 17 (UPI) — U.S. airlines reported three tarmac delays in September under new reporting rules, the Department of Transportation said Thursday. As of Aug. 23, airlines that have “at least one aircraft with 30 or more passenger seats,” are required to report any delays of three hours or more in which passengers are […]

Cal State Faculty Call One-Day Strike

LOS ANGELES, Nov. 17 (UPI) — Administrators say two California State University campuses remained open Thursday despite a one-day strike over raises called by faculty members. Faculty at Cal State Dominguez Hills and Cal State East Bay formed picket lines Thursday, protesting 2008-09 and 2009-10 school year pay raises that Chancellor Charles Reed has withheld, […]

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