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South Korean authorities raid Daewoo headquarters

SEOUL, May 26 (UPI) — Authorities in South Korea said they had raided the offices of Daewoo Engineering & Construction seeking evidence of bribery. The raid that took place Friday…

Number of people who believe economy doing OK is growing

WASHINGTON, May 26 (UPI) — About 33 percent of the American public says economic conditions are good right now, up from 26 percent in December, a CNN/ORC International poll found.…

Proposed food aid plan getting an overhaul

WASHINGTON, May 24 (UPI) — U.S. lawmakers say the White House’s proposed overhaul of the $1.4 billion food aid program will need to be scaled back significantly. Sen. Mike Johanns,…

Bank executives rethink mergers and acquisitions

WASHINGTON, May 25 (UPI) — Bank industry analysts are saying the U.S. Federal Reserve has disrupted mid-sized bank mergers, if not derailed them, with a recent regulatory ruling. The Wall…

China signals need for economic reforms

BEIJING, May 24 (UPI) — The Chinese government is making what amounts to “radical” changes in its role in the country’s economy, an expert on the Chinese economy said. “This…

Stock indexes close mixed

NEW YORK, May 24 (UPI) — U.S. stock indexes closed mixed on Friday, with the Dow Jones industrial average closing just above break-even on the New York Stock Exchange. The…

Markets avert a tumble

NEW YORK, May 23 (UPI) — U.S. stock indexes complied with a timeless adage Thursday: What goes up must come down. After setting a series of record closing highs in…

U.S. mortgage activity down 9.8 percent last week

WASHINGTON, May 23 (UPI) — U.S. mortgage activity fell 9.8 percent last week with refinancing activity off sharply as long-term interest rates rose, the Mortgage Bankers Association said. The association…

Most U.S. hospitals and doctors use electronic health records

BETHESDA, Md., May 22 (UPI) — More than half of U.S. doctors and other health providers adopted electronic health records, the head of the U.S. Department of Health and Human…

Nutritionists want to keep sweeteners listed on front milk label

CHICAGO, May 22 (UPI) — Nutritionists are urging the U.S. Food and Drug Administration to reject a milk industry petition to drop artificial sweeteners from front labels on containers. The…

Ford steps on the gas, production-wise

DEARBORN, Mich., May 22 (UPI) — U.S. automaker Ford Motor Co. said it will bump up production in 2013 by 200,000 vehicles, due in part to increased demand on the…

Apple picks Texas for $100 million plant

CUPERTINO, Calif., May 22 (UPI) — U.S. technology giant Apple’s Chief Executive Officer Tim Cook said the company would build a factory in Texas to assemble Macintosh computers. Cook and…

Martial arts fighter says sex balm hurt his sex life

PHILADELPHIA, May 22 (UPI) — A mixed martial arts fighter is suing a Philadelphia adult shop, saying a product he bought to enhance his sex life had the opposite effect.…

Families of Ohio school shooting victims sue United Way

CHARDON, Ohio, May 22 (UPI) — The families of three students killed in an Ohio school shooting have sued United Way over its distribution of the Chardon Healing Fund. The…

Markets stumble on Bernanke’s remarks

NEW YORK, May 22 (UPI) — U.S. stock indexes turned down Wednesday following comments from Federal Reserve Chairman Ben Bernanke. In a prepared statement to the Joint House and Senate…

Army orders more NVGs

ROANOKE, Va., May 21 (UPI) — ITT Exelis has received a $48 million follow-on order from the U.S. Army for enhanced night vision goggles. The order, which is expected to…

Florist who refused flowers for same-sex wedding files countersuit

RICHLAND, Fla., May 21 (UPI) — A Washington state florist who refused to provide bouquets for a same-sex wedding has filed a countersuit in the case against her. Flower shop…

Iowa State student launches business to market new technology

Iowa State student launches business to market new technology

AMES, Iowa – An Iowa State graduate student is another step closer in the development of a bio-based raw material to improve household detergents, lubricants (such as motor oil) and…

Markets plod along with light losses Monday

NEW YORK, May 20 (UPI) — Merger news failed to generate enough excitement to push U.S. markets into the black Monday. After a prolonged rally, stock gains took a breather.…

Consumer Corner: Digitizing eating out

By MARCELLA S. KREITER CHICAGO, May 19 (UPI) — Choosing a restaurant used to be a simple decision: fancy or casual; Italian, Chinese or American; kids or no kids; friends…