Category: Business

REDMOND, Wash., April 25 (UPI) — Microsoft says it will unveil the successor to its Xbox 360 gaming console at an introductory event at its Redmond, Wash., campus next month. The May

CUPERTINO, Calif., April 25 (UPI) — Apple says a multimedia timeline posted to the music section of iTunes is a celebration of the 10th anniversary of the digital music store. Although the

WASHINGTON, April 25 (UPI) — The U.S. Labor Department said first-time jobless benefits claims dropped by 16,000 to 339,000 in the week that ended last Saturday. The department revised last week’s estimate

NEW YORK, April 25 (UPI) — U.S. stock indexes rose modestly Thursday with an early boost provided by a drop of first-time unemployment benefits claims. The Labor Department said 16,000 fewer initial

FRANKLIN, Tenn., April 24 (UPI) — Japanese automaker Nissan said its 2014 Versa sedan would have a list price of $12,780, which ranks it as the lowest priced car sold in the

NEW YORK, April 23 (UPI) — An annual CareerCast report found that the top-ranked job in the United States in 2013 is an actuary — one who assesses risk through mathematics. Respondents

WASHINGTON, April 24 (UPI) — NASA says it will begin footing the bill for all production in the United States of plutonium-238 fuel used in satellites and spacecraft. Costs of plutonium-238 fuel

SEATTLE, April 24 (UPI) — Amazon will introduce a set-top box this fall dedicated to streaming video over the Internet and into its customers’ living rooms, Business Week reported. The e-commerce company’s

By PETER MORICI COLLEGE PARK, Md., April 25 (UPI) — Forecasters expect the U.S. Commerce Department to report Friday the U.S. economy grew a brisk 3.1 percent in the first quarter but

WASHINGTON, April 24 (UPI) — Eleven percent of U.S. adults, or 25.6 million, paid for fraudulent products or services in 2011, such as weight-loss products or bogus prizes, officials say. The Federal

NEW YORK, April 24 (UPI) — A study of compensation at U.S. banks found that seven of the largest financial firms in the country lowered maximum bonus pay for executives in 2012.

WASHINGTON, April 24 (UPI) — The number of mass layoffs in March — layoffs involving 50 workers or more — fell by 85 compared to February, the U.S. Labor Department said Tuesday.

WASHINGTON, April 23 (UPI) — A U.S. home price index rose 0.67 percent January to February, the Federal Housing Finance Agency said Tuesday. The agency said home prices rose 7.1 percent on

NEW YORK, April 23 (UPI) — Officials Tuesday blamed the sequester for delays in U.S. airline flights at New York airports. The Federal Aviation Administration reported delays of 30 to 44 minutes

LOS GATOS, Calif., April 23 (UPI) — U.S. streaming video service Netflix has announced a new “family” plan that will allow up to four devices to play video from one account simultaneously.

WASHINGTON, April 23 (UPI) — Nearly $18 million is available to help U.S. researchers develop biofuels that meet military specifications, the U.S. Energy Department announced. U.S. oil and natural gas production has

WASHINGTON, April 23 (UPI) — Sales of new single-family homes rose 1.5 percent in March from February, the U.S. Commerce Department said Tuesday. Sales for the month came to a seasonally adjusted

NEW YORK, April 23 (UPI) — U.S. stock indexes rose Monday after a dramatic midafternoon dive triggered by a bogus tweet. The Wall Street Journal reported that the tweet posted on the

NEW YORK, April 22 (UPI) — Actor Matthew McConaughey says he is working with Canada’s Grand National Apparel on a clothing collection inspired by his active lifestyle. A portion of sales from

MENLO PARK, Calif., April 22 (UPI) — Slower growth in U.S. healthcare spending can be traced primarily to the economic downturn, a study found. The study, if correct, settles the argument on

NEW YORK, April 22 (UPI) — U.S. stock indexes rose Monday with investors seemingly determined to win back some of last week’s losses. Shares of Dow component Caterpillar rose 2.83 percent despite

MOUNTAIN VIEW, Calif., April 22 (UPI) — Google head Eric Schmidt says Google Glass, the wearable computer with display, is at least a year away and will require new social etiquette when

BEIJING, April 22 (UPI) — Yahoo! has announced it will close its Chinese email service in August, advising users to register with a new service to prevent loss of emails and data.

WASHINGTON, April 22 (UPI) — Limited inventories held back U.S. home sales in March, a trade group in Washington said Monday. The National Association of Realtors, which tracks sales of existing homes,

PANAMA CITY, Fla., April 21 (UPI) — Florida Attorney General Pam Bondi has filed a lawsuit against BP over the Deepwater Horizon oil spill and economic losses caused by the spill. The

BEIJING, April 21 (UPI) — The Walt Disney Co. pledged $1 million in aid to China where an earthquake left more than 180 dead, LucasFilm president Kathleen Kennedy said. Kennedy made the

LONDON, April 20 (UPI) — A British economist warns of a so-called carbon bubble, caused by investors betting countries will not meet international targets for cutting emissions. Nicholas Stern said investments based

TOKYO, April 19 (UPI) — The Honda Motor Co. says it will recall 204,500 vehicles from the 2012 and 2013 model years to replace a safety component. The recall covers 128,000 Honda

NEW YORK, April 19 (UPI) — U.S. stock indexes rose Friday, closing out a volatile week in which corporate reports knocked back initial enthusiasm. The latest corporate report to backfire came from

WASHINGTON, April 19 (UPI) — Unemployment rates rose in seven states and fell in 26 and Washington, D.C., from February to March, the Labor Department said Friday. The Bureau of Labor Statistics

CHICAGO, April 18 (UPI) — Job seekers who have been unemployed long-term can be perceived as unemployable, making it even harder to find work, an employment firm based in Chicago said. John

NEW YORK, April 17 (UPI) — U.S. markets went through another dramatic mood swing Wednesday, this one dropping stocks sharply after two days of triple-digit adjustments. The Dow Jones industrial average and

MOUNTAIN VIEW, Calif., April 17 (UPI) — Google says its Gmail, Google Drive and Apps services suffered partial outages Wednesday morning although very few customers were affected. The search giant posted notices

MOUNTAIN VIEW, Calif., April 16 (UPI) — Motorola says it will launch a series of next-generation phones that will dispense with its own user interface in favor of the stock Android experience.

NORTHFIELD, Ill., April 15 (UPI) — U.S. food giant Kraft Foods Group Inc. said it was giving its iconic Kool-Aid Man a makeover. The red, condensation-streaked pitcher of juice with the “Oh

WASHINGTON, April 15 (UPI) — Two U.S. retailers are recalling high-powered Buckyballs magnet sets due to the chance of children swallowing magnets, a federal watchdog agency said. Swallowing one or more of

NEW YORK, April 15 (UPI) — Gold prices plunged nearly 10 percent Monday, losing $149.10 to $1,347.70 per troy ounce on the Comex division of the New York Mercantile Exchange. The drop

BEIJING, April 15 (UPI) — Hackers can easily learn a computer user’s online purchasing habits and payment methods through Trojans in their computers, a Chinese expert warns. “Once being planted into the