Category: Business

WASHINGTON, March 7 (UPI) — The U.S. Federal Reserve said the largest 18 U.S. banks have shown improved resilience as they distance themselves from the 2008 financial crisis. After the third round…

NEW YORK, March 7 (UPI) — The Dow Jones index closed at its third consecutive all-time high Thursday after the U.S. Labor Department said first-time unemployment claims fell last week. Initial claims…

WASHINGTON, March 7 (UPI) — U.S. regulators say they’ve targeted marketers sending millions of spam text messages trying to steer consumers to websites falsely promising “free” gift cards. In complaints filed in…

WASHINGTON, March 6 (UPI) — The U.S. economy has experienced modest to moderate growth since mid-January, the Federal Reserve Bank said Wednesday. The Beige Book report, released eight times a year and…

MOUNTAIN VIEW, Calif., March 6 (UPI) — Google has announced the first significant update of its Google Maps for iPhone app, featuring faster local search and integration with Google Contacts. Google debuted…

NEW YORK, March 6 (UPI) — The Dow Jones industrial average hit an all-time closing high for a second straight day Wednesday, with investors wondering how long the winning run can last….

NEW YORK, March 6 (UPI) — The Dow Jones industrial average rose from a record high close Wednesday with investors wondering how long can the winning run last. The DJIA closed at…

AMES, Iowa – March 6, 2013 – The Iowa Department of Transportation’s Office of Strategic Communications needs your help. The Iowa DOT is looking to hire two interns with Web development experience….

WASHINGTON, March 4 (UPI) — The White House has responded to an online petition to make cellphone unlocking legal, saying it’s time to legalize the practice. “Neither criminal law nor technological locks…

SEOUL, March 4 (UPI) — Samsung’s next smartphone will include a feature to track a user’s eye movements to automatically scroll pages, The New York Times reported. The Galaxy S IV, to…

NEW YORK, March 4 (UPI) — U.S. stock indexes turned higher Monday as investors put on the brakes, stopping an early slide to put the Dow index within reach of its record…

CHICAGO, March 4 (UPI) — Grains were mixed on the Chicago Board of Trade Monday with soybeans posting gains and corn and wheat futures dropping lower. Corn was off 1 1/4 to…

From U.S. Customs and Border Protection – What is sequestration? Sequestration is a fiscal policy procedure adopted by Congress as part of the Budget Control Act (BCA) of 2011. The procedure, designed…

From U.S. Customs and Border Protection – 1. How is CBP communicating information to stakeholders about the effects of the sequestration? Response: CBP port management will be reaching out to advise stakeholders…

RICHFIELD, Minn., March 2 (UPI) — The chief executive officer of U.S. retailer Best Buy said rumors of the store’s demise were premature. “People who thought we were dead have to go…

OMAHA, March 2 (UPI) — Wall Street kingpin Warren Buffett said 2012 was the year in which the big ones got away, referring to his pursuit of profitable acquisitions. Berkshire Hathaway, Buffett’s…

By MARCELLA S. KREITER CHICAGO, March 2 (UPI) — It sounds counterintuitive, but the Great Recession actually was a good thing for the $305 billion housewares industry. “Suppliers felt the downturn actually…

WASHINGTON, Feb. 28 (UPI) — Long-term U.S. mortgage rates were lower after a four-week stall, the Federal Home Loan Mortgage Corp. said Thursday. Rates for 30-year, fixed-rate mortgages dropped from 3.56 percent…

NEW YORK, Feb. 28 (UPI) — U.S. stock indexes gains faded late Thursday despite an upward revision in the fourth quarter gross domestic product. The Commerce Department pushed its estimate of the…

CHICAGO, Feb. 28 (UPI) — Grains closed higher Thursday on the Chicago Board of Trade, taking a cue from equity markets that looked to extend a rally most of the day. Commodity…

CHICAGO, Feb. 28 (UPI) — The Chicago Business Barometer rose to an 11-month high in February, the Institute for Supply Management said Thursday. The index, which covers business conditions in the industrial…

DETROIT, Feb. 28 (UPI) — U.S. automaker General Motors denied it had asked the government for a 20 percent raise for Chief Executive Officer Dan Akerson. “Reports that General Motors has requested…

BEIJING, Feb. 27 (UPI) — U.S. companies in South China expect a 40 percent jump in investments in the region to $16.5 billion over the three years, a survey said. China Daily…

TOKYO, Feb. 27 (UPI) — The total units made by eight major Japanese automakers for their domestic market fell 10.6 percent year-on-year in January to 714,580, the companies said. The companies said…

OAKLAND, Calif., Feb. 27 (UPI) — U.S. streaming radio service Pandora announced Wednesday it will introduce a cap on free mobile listening as it struggles with rising music royalty rates. Non-paying mobile…

NEW ORLEANS, Feb. 27 (UPI) — Testimony began this week in a civil trial to determine how to share the blame for the Deepwater Horizon oil spill in the Gulf of Mexico….

WASHINGTON, Feb. 27 (UPI) — The U.S. Federal Trade Commission said it handled more than 2 million complaints in 2012, setting a record, with 18 percent of those involving identity theft. In…

MINNEAPOLIS, Feb. 26 (UPI) — U.S. retail giant Best Buy said Tuesday it had laid off 400 workers from its corporate headquarters in a cost-saving plan it calls “Renew Blue.” Best Buy…

WASHINGTON, Feb. 27 (UPI) — The U.S. Pending Home Sales Index rose in January, returning to an upward trend that took a month off in December, a trade group in Washington said…

NEW YORK, Feb. 27 (UPI) — U.S. stock indexes rose Wednesday as investors considered Federal Reserve Chairman Ben Bernanke’s defense of the central bank’s monetary policies. In testimony on Capitol Hill Tuesday,…

NEW YORK, Feb. 27 (UPI) — JPMorgan Chase & Co., the United States’ largest bank, says it will slash up to 19,000 jobs over the next two years. The New York bank…

SUNNYVALE, Calif., Feb. 26 (UPI) — U.S. Internet giant Yahoo! said it was ordering its employees who have been working at home to report back to their company offices. In a note…

ARLINGTON, Va., Feb. 25 (UPI) — The $85 billion in looming U.S. spending cuts will likely occur, most economists, analysts, academics and policymakers said in a survey released Monday. Twenty-nine of 49…

NEW YORK, Feb. 25 (UPI) — A stronger global economy means a climb in airline rates for business travelers for U.S. domestic and for international flights, a trade group said. The Global…

NEW YORK, Feb. 24 (UPI) — Though not directly involved in the $13 billion pay day loan industry, major American banks are facing scrutiny for how they handle them, officials said. The…

BEIJING, Feb. 25 (UPI) — China’s non-manufacturing sector expanded in February, but at a slower pace than the previous month, a key business index indicated. A flash estimate of China’s Purchasing Managers’…

WASHINGTON, Feb. 25 (UPI) — The U.S. Treasury Department said it realized $156.4 million from sales of General Motors stock in January. The department is expected to unload its approximately 300 million…