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Greece Set For Next Bailout Tranche

BRUSSELS, Oct. 11 (UPI) — Financial authorities in Europe said Greece was cleared for the next tranche, or installment, out of its $150 billion international bailout loan. “The next tranche will be available, possibly, at the start of November,” said the troika, which is made up of the International Monetary Fund, the European Commission and […]

Banks Fail In Missouri, Minnesota

WASHINGTON, Oct. 8 (UPI) — A bank in Missouri and another in Minnesota were closed by regulators Friday, raising the number of U.S. bank failures this year to 76. The Wall Street Journal reported the Missouri Division of Finance closed Sun Security Bank of Ellington in the state’s first 2011 bank failure. Under a purchase-and-assumption […]

U.S. Seeking Foreign Investment Increase

WASHINGTON, Oct. 10 (UPI) — The United States is setting its sights on $1 trillion in new foreign investment over five years, sources told The Wall Street Journal. The goal is to increase foreign investment by 15 percent over the past 10-year average, which is $174 billion per year. To reach the target, the Obama […]

Sonic CEO: It Was Right To Fight Order

WASHINGTON, Oct. 10 (UPI) — Sonic.net Inc. Chief Executive Officer Dane Jasper said opposing a secret government order to turn over client information was the “right thing to do.” The order involved a government investigation of Jacob Applebaum, a volunteer with WikiLeaks, who has not been charged with any crime. Fighting the order was “rather […]

iPhone 4S Pre-Orders Are Over The Top

CUPERTINO, Calif., Oct. 10 (UPI) — Technology giant Apple said it pre-orders for the iPhone 4S broke a first-day record with more than 1 million orders processed. Philip Schiller, the company’s senior vice president of global marketing said the firm was “blown away with the incredible customer response” to the devise. The record eased concerns […]

Walmart Faces Sanctions In China

CHONGQING, China, Oct. 10 (UPI) — Chinese authorities said they have temporarily closed 12 stores owned by U.S. retail giant Walmart for allegedly mislabeling pork as organic. The issue involves 10 Walmart and two Trust Mart stores in Chongqing, a city in southwestern China that says on its Web site it has cited the company […]

Hooters Bares Its Knuckles In Court

LAS VEGAS, Oct. 4 (UPI) –  Hooters Las Vegas said in a bankruptcy court filing its major creditor was attempting to cut out smaller creditors in a courtroom showdown. The major creditor, Canpartners Realty Holding Co. IV LLC, has filed papers to force the Hooters casino to set aside $2 million for the smaller creditors, […]

ADP Says 91,000 Jobs Added In September

ROSELAND, N.J., Oct. 5 (UPI) — Payroll company Automatic Data Processing said Wednesday the private sector added 91,000 jobs in September, almost identical to gains made in August. The firm also reported a revised figure for August, dropping the estimate from 91,000 to 89,000. The figure for September came in substantially higher than the 75,000 […]

Mortgage Activity Down In Week

WASHINGTON, Oct. 5 (UPI) — The Mortgage Bankers Association says U.S. mortgage activity fell in the week ended Friday with long-term mortgage interest rates mixed. Interest rates for 30-year, fixed-rate mortgages fell in the week from 4.24 percent to 4.18 percent with points rising from 0.36 to 0.44, the trade group said. Rates for 15-year, […]

Manufacturing Index Shows Growth Slowing

TEMPE, Ariz., Oct. 5 (UPI) — U.S. manufacturing activity made gains in September, but at a slower pace than August, the Institute of Supply Management said Wednesday. The headline index (the Purchasing Manager’s Index) dropped from 53.3 in August to 53, the institute said. Numbers above 50 indicate growth. Below 50 indicates a contraction. The […]

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