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Non-bank firms about to get tagged by regulators

WASHINGTON, June 1 (UPI) — A panel in Washington is on the verge of tagging three non-bank companies as systemically important to the economy, a market financial reform advocate said.…

Ban Ki-moon urges economic development in Africa

TOKYO, June 2 (UPI) — U.N. Secretary-General Ban Ki-moon said Saturday Africa is “on the rise” and urged economic development on the continent. Ban, delivering the keynote address at the…

China’s manufacturing index shows slight growth

BEIJING, June 1 (UPI) — A closely watched barometer of manufacturing activity in China rose slightly in May, showing the goods-producing sector is still growing, albeit slowly. The Purchasing Managers…

Starbucks bans smoking within 25 feet of its stores

SEATTLE, June 1 (UPI) — U.S. coffee shop chain Starbucks said it was banning smoking within 25 feet of its stores, effectively including its outdoor seating areas. AdWeek reported the…

Bond market shifting: Is this good or bad?

NEW YORK, May 31 (UPI) — Rising interest rates on home loans could be a sign of a U.S. bond market bubble bursting, some analysts on Wall Street are saying.…

Consumer financial watchdog adds to complaint database

WASHINGTON, May 31 (UPI) — The U.S. Consumer Financial Protection Bureau’s consumer complaint database has been expanded to include state-by-state information, the watchdog said Friday. The complaint database also now…

U.S. sanctions Iranian petrochemical industry

WASHINGTON, May 31 (UPI) — The U.S. Treasury Department imposed sanctions on the Iranian petrochemical industry Friday to further derail Iran’s alleged nuclear weapons program. The department said one petrochemical…

Markets end week with downturn

NEW YORK, May 31 (UPI) — U.S. markets closed lower Friday after the Commerce Department said consumer spending dropped slightly in April. Spending fell 0.2 percent, while economists had predicted…

Non-employer businesses on the rise

WASHINGTON, May 30 (UPI) — The number of businesses with no paid employees rose 1.7 percent in 2011, gaining in all states except two, the U.S. Census Bureau said Thursday.…

Walmart pleads guilty to violating Clean Water Act

Walmart pleads guilty to violating Clean Water Act

LOS ANGELES, May 28 (UPI) — Walmart has pleaded guilty to violating the Clean Water Act by improperly disposing hazardous materials at its U.S. stores, federal prosecutors said Tuesday. The…

Stocks up, Dow at a new perch

NEW YORK, May 28 (UPI) — Favorable economic data pushed U.S. stocks higher Tuesday, sending the Dow Jones industrial average to a new closing high. The S&P/Case-Shiller home price report…

Home prices hit double-digit annual increases

Home prices hit double-digit annual increases

NEW YORK, May 29 (UPI) — U.S. home prices in the first quarter posted double-digit gains over the same quarter of 2012, a closely watched private report said Tuesday. The…

Consumer confidence improved in May

NEW YORK, May 28 (UPI) — U.S. consumer confidence rose for the second consecutive month in May, the Conference Board said Tuesday. The index had been trending lower, but May’s…

Kellogg settles Mini-Wheat lawsuit

BATTLE CREEK, Mich., May 28 (UPI) — Kellogg has agreed to settle a class-action lawsuit over claims that Mini-Wheat cereal improved childhood attentiveness, a U.S. settlement administrator said. The settlement,…

Fresh orders for factories rise

WASHINGTON, May 24 (UPI) — U.S. durable goods orders jumped 3.3 percent in April, about twice the gain economists had expected, the U.S. Commerce Department said Friday. Factory orders climbed…

Cruise industry group adopts Passengers’ Bill of Rights

FORT LAUDERDALE, Fla., May 28 (UPI) — The head of the Cruise Lines International Association says its new “Cruise Passenger Bill of Rights” adopts many practices U.S.-based lines already use.…

Electric car maker Tesla repays government loan early

Tesla Motors, an electric car maker headquartered in Palo Alto, Calif., has paid off its entire $451.8 Department of Energy loan nine years early with interest. The automaker, riding the…

Consumer Corner: Off-the-beaten path saves money, offers fresh view

By MICHELLE GROENKE CHICAGO, May 26 (UPI) — Hotels in hip, culturally diverse neighborhoods and stylish cabins in rustic locales offer travelers this summer the opportunity to approach popular tourist…

Auto Outlook: Four-cylinder engines back, long summer for autoworkers

By AL SWANSON The Detroit Three automakers are scaling back their annual summer production shutdowns to keep up with demand for top-selling models. General Motors, Ford and Chrysler usually idle…

Gallup: In U.S. private sector, older workers better utilized

WASHINGTON, May 27 (UPI) — In the U.S. non-federal sector, older workers are more likely than younger counterparts to report being able to put their best skills to use, a…