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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…

Serbian autos have a new destination: The USA

Serbian autos have a new destination: The USA

BELGRADE, Serbia, May 10 (UPI) — A Serbian government official said Friday the country would soon be exporting vehicles to the United States. The first shipment of 3,000 Fiat 500L…

Bernanke points to ongoing risks to financial system

CHICAGO, May 10 (UPI) — U.S. Federal Reserve Chairman Ben Bernanke said the central bank is more vigilant than ever, but the system on the whole remains vulnerable to crisis.…

Treasury sanctions two for dealings with N. Korea WMD procurer

WASHINGTON, May 10 (UPI) — The U.S. Treasury Department sanctioned a business and individual, both from Taiwan, linked to an accused weapons of mass destruction procurer for North Korea. Citing…

Microsoft considering $1 billion bid for Nook

REDMOND, Wash., May 9 (UPI) — U.S. technology giant Microsoft is considering a $1 billion bid to buy Nook, the e-book business owned by Barnes & Noble, a TechCrunch report…

Consumer credit climbed in March

WASHINGTON, May 8 (UPI) — Consumer borrowing rose in the first quarter of 2013, although credit card debt was little changed, the U.S. Federal Reserve said. The Fed said total…

U.S. Treasury borrows $20 billion for free

WASHINGTON, May 8 (UPI) — Demand for relatively safe four-week Treasury bills pushed yield rates down to zero for the U.S. Treasury. There was $5.42 in bids on the dollar,…

Mortgage activity climbs on lower rates

WASHINGTON, May 8 (UPI) — U.S. mortgage activity rose last week as long-term interest rates were mostly lower, the Mortgage Bankers Association said Wednesday. The association said mortgage activity rose…

Woman wins Frito-Lay contest with Cheesy Garlic Bread flavor

LAND O’ LAKES, Wis., May 8 (UPI) — A Wisconsin librarian won at least $1 million in the Frito-Lay “Do Us A Flavor” contest by suggesting Cheesy Garlic Bread flavored…

Lockheed laser system proves worth against rockets

SUNNYVALE, Calif., May 8 (UPI) — A prototype laser system for defense against short-range threats has been successfully tested in the United States by Lockheed Martin. Lockheed said the Area…

Freddie Mac makes $4.6 billion profit in quarter

WASHINGTON, May 8 (UPI) — Bailed out U.S. mortgage giant Freddie Mac said Wednesday it earned $4.6 billion in the first quarter of the year due to a recovery in…

Oreck files for Chapter 11 protection

NASHVILLE, May 8 (UPI) — Fifty-year-old U.S. vacuum cleaner maker Oreck Corp. has filed for Chapter 11 bankruptcy protection, court papers show. The company has been struggling to overcome turnover…

Miami Dolphins owner pledges to give away $2 billion

MIAMI, May 8 (UPI) — Miami Dolphins owner Steve Ross has pledged to give half his fortune of $4.4 billion to charity. He is now one of nine new members…

Lee refinances $94 million of long-term debt

DAVENPORT, Iowa (April 30, 2013) — Lee Enterprises, Incorporated (NYSE: LEE), a major provider of local news, information and advertising in 50 markets, has reached agreement with Berkshire Hathaway Inc.…

Google Glass stirring up a legal hornet’s next

MOUNTAIN VIEW, Calif., May 7 (UPI) — Google’s latest computerized device, the Google Glass, is likely to run into widespread legal challenges, attorneys and market observers say. The computer on…