Category: Business

WASHINGTON, June 8 (UPI) — Consumer credit in April rebounded as U.S. consumers raised their debt by a seasonally adjusted $11.1 billion to $2.820 trillion, the Federal Reserve said. The Fed reported

CANTON, Mass., June 7 (UPI) — U.S. doughnut shops are offering free goodies Friday to celebrate National Doughnut Day, with Dunkin’ Donuts offering free doughnuts with beverage purchases. Dunkin’ Donuts, based in

NEW YORK, June 7 (UPI) — U.S. stocks rallied Friday on the U.S. jobs report, as the Dow Jones industrial average added nearly 208 points for its best trading day since Jan.

NEW YORK, June 6 (UPI) — An iPhone costing less than current models could be offered in a choice of five colors and may make its debut ahead of the iPhone 5S,

The first round of the John Pappajohn Iowa Business Plan Competition is complete. The judges reviewed and scored all entries and 16 have been selected to continue to the second round of

NEW YORK, June 5 (UPI) — U.S. stocks retreated Wednesday after a disappointing jobs report had some traders wondering if the run-up since November has gone too far. Payroll firm Automatic Data

WASHINGTON, June 4 (UPI) — Three renewable energy projects planned for western U.S. states would deliver enough power to meet the needs of 200,000 homes, the interior secretary said. Interior Secretary Sally

NEW YORK, June 4 (UPI) — The Dow Jones industrial average dropped points Tuesday putting an end to what was one of the oddest records in the history of the exchange. Stocks

SUNNYVALE, Calif., June 3 (UPI) — Yahoo says it is ending Mail Classic, requiring all users to switch to the new version of Mail and accept an update to its new terms

MOUNTAIN VIEW, Calif., June 3 (UPI) — Google says it will not allow facial recognition capabilities on its Glass wearable computer until there are strong privacy protections in place. “We’ve been listening

ATLANTA, June 3 (UPI) — U.S. researchers say an innocent-looking phone charger could invisibly install malware on an iPhone or other devices running the latest version of Apple’s iOS. Three researchers at

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. Dennis Kelleher,

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 fifth Tokyo

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 Index or

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 ban would

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. The prevailing

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 includes complaints

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 company had

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 a 0.1

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. The number

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 said home

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 gain is

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, which must

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 by $7.2

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. The CLIA,

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 success of

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 destinations from

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 plants for

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 survey says.

LOS ANGELES, May 26 (UPI) — Stone Temple Pilots sued former frontman Scott Weiland for allegedly using the band’s name to promote his solo career even though he was fired from the

SEASIDE HEIGHTS, N.J., May 26 (UPI) — The Jersey Shore, which sustained billions of dollars in damage last year from Hurricane Sandy, is 80 percent restored, Gov. Chris Christie said Friday. Walking

SINUIJU, North Korea, May 26 (UPI) — Tourism companies say they are preparing for North Korea to allow visitors to cross from Dandong City, China, to Sinuiju, North Korea’s largest border town.

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 concerns a

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. The poll,

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, R-Neb., said

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 Street Journal

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 is radical

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 Dow was