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Mortgage rates head higher

WASHINGTON, May 16 (UPI) — Average U.S. mortgage rates for long-term loans rose for the second consecutive week in the week ended Thursday, the Federal Home Loan Mortgage Corp. said.…

China denounces anticipated EU solar tariffs

BEIJING, May 16 (UPI) — China warned that the European Union’s proposed levying of punitive duties on Chinese solar panels would “severely impair” bilateral trade ties. The comments Thursday by…

BP says oil spill settlement is too costly

LONDON, May 16 (UPI) — Oil giant BP has turned to the government for help with the compensation deal for victims of the 2010 Gulf of Mexico oil spill, the…

American Airlines finds a faster system for boarding

FORT WORTH, Texas, May 16 (UPI) — American Airlines said Thursday it has initiated a new, system-wide process for boarding passengers that is quicker and smoother. The new process, which…

Apple’s App Store hits 50-billion download milestone

CUPERTINO, Calif., May 16 (UPI) — Apple says an Ohio man has downloaded the 50 billionth app from the Apple Store and will receive a $10,000 App Store gift card.…

Jobs data put an end to market rally

NEW YORK, May 16 (UPI) — A dour Labor Department report threw cold water on an extended U.S. stock rally Thursday. Both the Dow Jones industrial average and the Standard…

Gasoline shoots up 30 cents to $4.19 a gallon in Minnesota

MINNEAPOLIS, May 15 (UPI) — The price of gasoline shot into record territory above $4 a gallon in the Twin Cities and elsewhere in Minnesota Wednesday, a price monitoring website…

Markets extend record setting trend

NEW YORK, May 15 (UPI) — U.S. stock indexes pushed further into record territory Wednesday with financial stocks leading the charge. Both the Dow Jones industrial average and the Standard…

Next upgrade of Microsoft’s Windows 8 OS to be free to users

REDMOND, Wash., May 14 (UPI) — U.S. software maker Microsoft says the next iteration of its Windows 8 software, code name Windows Blue, will arrive this year — as just…

Confidence index slips off a five-year high

PRINCETON, N.J., May 14 (UPI) — Consumer confidence in the U.S. economy slipped off a five-year high in the latest weekly survey, researchers at Gallup said Tuesday. For the week,…

Man puts alleged Coca-Cola recipe for sale on eBay

RINGGOLD, Ga., May 14 (UPI) — A Georgia man who found what he believes to be the recipe for Coca-Cola is attempting to sell the recipe on eBay for at…

JPMorgan Chase sued for running debt collection mills

SACRAMENTO, May 14 (UPI) — California is suing Chase bank for cheating thousands of credit card account holders of due process while attempting to collect on debts, court papers say.…

Public college presidents millionaires’ club grows

WASHINGTON, May 13 (UPI) — The millionaires club of U.S. public college presidents added one member in the 2011-12 academic year, the Chronicle of Higher Education said Monday. For the…

South Korea’s Samsung at work on 5G mobile network technology

SEOUL, May 13 (UPI) — South Korea’s Samsung says it’s working on new mobile data transfer technology that’s potentially up to “several hundred times” faster than current 4G networks. Specifics…

U.S. stock markets close mixed Monday

NEW YORK, May 13 (UPI) — U.S. stock indexes closed mixed Monday following disappointing economic data from China. The Dow Jones industrial average lost 26.81 points, 0.18 percent to 15,091.68.…

Healthcare spending on heart disease and hip fractures soared

BOSTON, May 12 (UPI) — U.S. healthcare spending from 1994-2009 for those on Medicare who suffered heart attacks, congestive heart failure and hip fractures soared, researchers say. Amitabh Chandra, a…

Consumer Corner: Summer travel trends

By MICHELLE GROENKE Spring has gotten off to a shaky start, what with April floods and May snowstorms, but travel experts say it’s time to put away the snow shovel…

Couple says they were misrepresented on ‘Kitchen Nightmares’

SCOTTSDALE, Ariz., May 12 (UPI) — The owners of a restaurant in Scottsdale, Ariz., say they have received death threats after being portrayed badly on the Fox show “Kitchen Nightmares.”…

Why is Apple considering a low-cost iPhone? Because it has to

By JIM ALGAR If persistent rumors of Apple’s introducing a low-cost version of its all-conquering iPhone — rumors gaining credibility with each passing day — turn out to be correct,…

Report: Africa loses billions annually to corruption, tax evasion

NEW YORK, May 10 (UPI) — Tax avoidance, secret government deals and other illicit schemes cost African nations $38 billion a year, a U.N. panel said. The panel, headed by…