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Initial Jobless Claims Fall To 315,000, Lowest Level Since November

WASHINGTON (UPI) — Americans filing initial jobless claims dropped for the week ending March 8 to 315,000, the lowest it has been since November. The number of first-time claims for unemployment benefits was down 9,000 from 324,000 the previous week, while economists surveyed by Bloomberg projected it would rise to 330,000. Continued claims continued to […]

Amazon Hikes Prime Membership Fee By $20 To $99

Amazon Prime is hiking the membership fee for its two-day shipping, video streaming service by $20 to $99, starting April 17. New customers have little over a month to avail of the old rate, and the new rate will affect customers who renew their subscription after April 17. Amazon also increased the price of its […]

U.S. Retail Sales Rise Slightly In February

WASHINGTON (UPI) — U.S. retail sales rose by 0.3 percent in February, suggesting a thaw in the sluggish sales seen over the unusually harsh winter and a recovery in the economy. According to the Commerce Department, retail sales had positive growth for the first time in three months, rising 0.3 percent from January. Retail sales […]

Report: February Foreclosures At Lowest Monthly Level Since 2006

IRVINE, Calif. (UPI) — Fewer U.S. homes were in foreclosure in February than in any month since December 2006, RealtyTrac reported Thursday. But 21 percent of homes now in foreclosure are “zombie properties” abandoned by their owners, the housing data reporting service said. In some cities, one-third of foreclosed homes are abandoned. “Cold weather and […]

World Wide Web Inventor: The Web Needs A Digital Bill Of Rights

LONDON (UPI) — Speaking on the 25th anniversary of the World Wide Web, Tim Berners-Lee — its inventor — said the Web needs a digital bill of rights to protect its users. Berners-Lee has been an outspoken critic of government surveillance of the Web, saying that new rules or an online “Magna Carta” need to […]

Wall Street’s Average Cash Bonus Was $164,530 In 2013

NEW YORK (UPI) — The average cash bonus paid to financial services employees for 2013 was $164,530, a 15 percent rise, according to an annual report released by the New York State Comptroller. This was the biggest average bonus since 2007, before the financial crisis struck in 2008. Overall, financial services employees earned a total […]

U.S. Multinationals Hoarding $2 Trillion In Cash Overseas

U.S. multinationals have around $2 trillion cash stored in overseas accounts, largely due to the repatriation tax and other inefficiencies in the tax code. According to data analyzed by Bloomberg, U.S.-based companies have added $206 billion to their offshore accounts. These companies have accumulated $1.95 trillion outside the U.S., up 11.8 percent from a year […]

Google Apps For Business Will Pay Users $15 For Each Referral

MOUNTAIN VIEW, Calif. (UPI) — In order to promote its business apps, Google is offering users $15 for every referral of its Google Apps for Business, a move that signals it is ready to take on Microsoft’s Office 365. Google Apps for Business is a cloud-based suite that comes with Gmail, Google Calendar, Google Drive, […]

Audi Overtakes BMW To Take Lead In Luxury Car Sales

MUNICH, Germany (UPI) — Audi AG outsold Bayerische Motoren Werke AG (BMW) for the first two months of the year, taking the lead in global sales for luxury cars. Around this time last year Audi was trailing BMW, which has retained the No.1 spot in this segment for the last nine years. Mercedes, which has […]

AT&T Enters Price War, Slashes Price For Data Plan

DALLAS (UPI) — AT&T over the weekend announced that it will offer its 2GB Mobile Share Value data plan at $65, $15 lower than it previously did. The announcement comes amid an intense price war being waged by the top three wireless providers: Verizon, T-Mobile and AT&T. The newly priced plan will include one phone […]

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