NorthIowaToday.com

Founded in 2010

News & Entertainment for Mason City, Clear Lake & the Entire North Iowa Region

Category: Business

Hydraulic bicycle brakes recalled

WASHINGTON, March 22 (UPI) — The U.S. Consumer Product Safety Commission announced a voluntary recall of 2,800 hydraulic brake systems for bicycles that could fail in cold temperatures. The hydraulic disc brakes

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U.S. stock indexes end week on rebound

NEW YORK, March 22 (UPI) — U.S. stock indexes rebounded Friday, with reports from Nike and Tiffany boosting confidence despite uncertainty over a bailout for Cyprus. Nike reported higher-than expected fourth quarter

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U.S. stock indexes head higher

NEW YORK, March 22 (UPI) — U.S. stock indexes rebounded Friday, with reports from Nike and Tiffany boosting confidence despite uncertainty over a bailout for Cyprus. Nike reported higher-than expected fourth quarter

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Major oil find made in Gulf of Mexico

DALLAS, March 21 (UPI) — Venari Resources LLC said Tuesday it had made a major oil discovery at its Shenandoah prospect in the Gulf of Mexico. The deepwater oil exploration and production

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Qualified workers in short supply

CHICAGO, March 22 (UPI) — A significant number of employers in major economies are having trouble finding qualified workers, a global CareerBuilder survey indicates. In the survey conducted by Harris Interactive in

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China investments in Africa boom

BEIJING, March 22 (UPI) — China’s trade with Africa is booming as Chinese investments in the continent soar, Chinese officials and experts say. The official China Daily reported Wednesday a growing number

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Shell owes Iran $2.3 billion

THE HAGUE, Netherlands, March 21 (UPI) — The estimated $2.3 billion payable to the National Iranian Oil Co. can’t be settled because of sanctions imposed on Iran, Royal Dutch Shell said. Shell

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U.S. weekly jobless claims rise slightly

WASHINGTON, March 21 (UPI) — The U.S. Labor Department said first-time jobless benefits claims rose 2,000 to 336,000 in the week that ended last Saturday. Initial claims for unemployment benefits fell from

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Statoil prioritizes Gulf of Mexico

NEW ORLEANS, March 21 (UPI) — The focus on leases in the central Gulf of Mexico highlights an investment drive for North American oil, Norwegian energy major Statoil said. The U.S. Bureau

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Chinese solar company in bankruptcy

BEIJING, March 21 (UPI) — The Chinese government may intervene in the bankruptcy of solar panel company Wuxi Suntech but the industry is downsizing, a government official said. Suntech, a Chinese solar

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HSBC accused of money laundering again

BUENOS AIRES, March 21 (UPI) — Argentina on Tuesday filed charges accusing British bank HSBC with helping clients launder money and evade taxes, court papers say. Prosecutors said the bank used “fake

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Business

Supreme Court shakes up copyright law

WASHINGTON, March 21 (UPI) — The Supreme Court Tuesday ruled foreign buyers of books, movies and other products can resell them in the United States over the copyright owners’ objections. The nation’s

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U.S. probes bribery claims at Microsoft

SEATTLE, March 21 (UPI) — U.S. software giant Microsoft Corp. is the subject of federal investigations into possible bribery and kickback schemes, sources told The Wall Street Journal. The U.S. Justice Department

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Housing data shows construction gains

WASHINGTON, March 21 (UPI) — Home building starts and permits for private construction projects rose modestly in February from January, the U.S. Department of Commerce said Tuesday. The department said project starts

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Mortgage activity slips as rates rise

WASHINGTON, March 20 (UPI) — U.S. mortgage activity declined last week, as long-term interest rates rose, the Mortgage Bankers Association said Wednesday. The association said mortgage activity declined 7.1 percent from the

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U.S. markets close with gains

NEW YORK, March 20 (UPI) — U.S. markets swung higher Wednesday, with investors holding onto gains after the Federal Reserve said it would keep its monetary policy intact. Investors ignored uncertainly about

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Retail sales rise in week

WASHINGTON, March 20 (UPI) — U.S. retail receipts rose 1.4 percent in the week ending Saturday, a trade group in Washington said. The International Council of Shopping Centers-Goldman Sachs weekly sales report

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U.S. markets climb Wednesday

NEW YORK, March 20 (UPI) — U.S. markets swung higher Wednesday morning as investors anticipate the Federal Reserve will maintain an accommodating monetary policy. The Fed’s Open Market Committee concludes a two

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Gains fade in U.S. markets

NEW YORK, March 19 (UPI) — U.S. stocks returned to positive territory Tuesday morning, but gains faded by midday. The Department of Commerce said building starts rose in February, rising sharply over

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Industrial production rose in February

WASHINGTON, March 15 (UPI) — Industrial production rose 0.7 percent in February after a drop of 0.1 percent in January, the U.S. Federal Reserve said Friday. Manufacturing output rose 0.8 percent in

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Inflation eases in Europe

BRUSSELS, March 15 (UPI) — The inflation rate dropped to 1.8 percent in the eurozone and to 2 percent in the larger European Union, official data agency Eurostat said Friday. Eurostat said

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Stock rally loses steam

NEW YORK, March 15 (UPI) — U.S. markets slipped Friday morning after the Bureau of Labor Statistics said the consumer price index rose 0.7 percent in February. The CPI increase was slightly

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S&P within sight of a record close

NEW YORK, March 14 (UPI) — U.S. markets rose Thursday, pushing the Dow further into new territory and the Standard & Poor’s index close to its all-time record close. The Dow Jones

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Microsoft says Outlook outage fixed

REDMOND, Wash., March 13 (UPI) — Microsoft says an outage that hit services including Hotmail, Outlook and Sky Drive Tuesday has been fixed and the services were running normally Wednesday. Microsoft’s status

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Dow makes it 9 straight gains

NEW YORK, March 13 (UPI) — A stronger than expected retail report helped keep a winning streak on Wall Street alive Wednesday, as the Dow index hit a seventh consecutive all-time peak.

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Apple makes improvements to Map app

CUPERTINO, Calif., March 13 (UPI) — Apple has quietly released improvements to its much-criticized Maps app for the iPhone to improve its accuracy and functionality, tech websites report. The Maps application, which

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Trade inventories up, sales down

WASHINGTON, March 13 (UPI) — U.S. business inventories rose in January, while sales dropped slightly, the Commerce Department reported Wednesday. Manufacturing and trade inventories rose 1 percent to an end of the

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Dow slides in early going

NEW YORK, March 13 (UPI) — U.S. stock indexes were mixed early Wednesday trading with the Dow blue chip index posting modest losses. The Dow Jones industrial average dropped despite a 1.1

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Markets post gains Monday

NEW YORK, March 11 (UPI) — U.S. markets rose after a slow start Monday following a week in which the Dow Jones industrial average set multiple records for closing highs. The index

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Markets find traction

NEW YORK, March 11 (UPI) — U.S. markets rose after a slow start Monday following a week in which the Dow Jones industrial average set multiple records for closing highs. The index

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