Business
Updated over 1 year ago
Business News - UPI.com
Business News - UPI.com
By ANTHONY HALL
United Press International
U.S. Federal Reserve Chairman Ben Bernanke likened the financial crisis Thursday to a bacterial illness that sneaked under the radar of a regulatory system.
Federal Reserve System - Ben Bernanke - Economic - Government - Social Sciences
United Press International
U.S. Federal Reserve Chairman Ben Bernanke likened the financial crisis Thursday to a bacterial illness that sneaked under the radar of a regulatory system.
MOSCOW, Sept. 2 (UPI) -- Russian Prime Minister Vladimir Putin said Thursday that the moratorium on grain exports could be in place for another year.
NEW YORK, Sept. 2 (UPI) -- Crude oil prices rose Thursday on the New York Mercantile Exchange, closing in on $75 per barrel as equity prices were positive for the second consecutive day.
CHICAGO, Sept. 2 (UPI) -- Grains closed higher on the Chicago Board of Trade Thursday with the dollar index off 0.17 percent.
WASHINGTON, Sept. 2 (UPI) -- Allowing the Bush tax cuts to expire for high-income U.S. families would cut into finances of a high-spending group, a New York economic strategist said.
LONDON, Sept. 2 (UPI) -- Former British Chancellor of the Exchequer Alistair Darling said a tax on massive bank executive bonus checks had only a short-term effect.
WASHINGTON, Sept. 2 (UPI) -- Pending U.S. home sales rose modestly in July, the National Association of Realtors said Thursday.
WASHINGTON, Sept. 2 (UPI) -- Average interest rates for long-term mortgages set record lows in the week ending Sept. 2, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
WASHINGTON, Sept. 2 (UPI) -- New orders for manufactured U.S. goods rose in July after two consecutive months of declines, the U.S. Census Bureau said Thursday.
WASHINGTON, Sept. 2 (UPI) -- U.S. credit card companies may be dodging a consumer protection law by sending solicitations for professional-class cards, Sen. Charles Schumer, D-N.Y., said.
NEW YORK, Sept. 2 (UPI) -- U.S. markets held onto tentative gains Thursday with reports that first-time jobless claims were relatively flat and work hours increased in the second quarter.
NEW YORK, Sept. 2 (UPI) -- U.S. regulators are looking at huge batches of stock trading orders that do not result in actual trades, sources told The Wall Street Journal.
WASHINGTON, Sept. 2 (UPI) -- Debt levels in developed countries may reach unsustainable levels, the International Monetary Fund in Washington warned.
CHICAGO, Sept. 2 (UPI) -- Ford Motor Co. has unveiled its first Police Interceptor Utility vehicle to complement its new Police Interceptor sedan.
STOCKHOLM, Sweden, Sept. 2 (UPI) -- Sweden's Scania Group has signed agreements to supply vehicles to the armies of Luxembourg and Sweden.
FORT WORTH, Texas, Sept. 2 (UPI) -- Lockheed Martin's aircraft programs received a Maturity Level 3 rating in an industry best-practices assessment.
PHOENIX, Sept. 2 (UPI) -- The U.S. Air Force has given Lockheed Martin a $4.4 million initial task order for upgrades to its intelligence workstations.
LOS ANGELES, Sept. 2 (UPI) -- California's Aecom Technology Corp. has been contracted to support the U.S. program to bring peace to Sudan.
PHILADELPHIA, Sept. 2 (UPI) -- Day & Zimmermann has bought 5,500 acres at the Lone Star Army Ammunition Plant in Texas to continue munitions production.
FRANKFURT, Germany, Sept. 2 (UPI) -- The European Central Bank said Thursday it would keep its lending rate unchanged at 1 percent.
KNOXVILLE, Tenn., Sept. 2 (UPI) -- Aqua-Chem, Inc of Tennessee has been awarded a $386 million contract to support water purification support for U.S. troops.
WASHINGTON, Sept. 2 (UPI) -- The U.S. Bureau of Labor Statistics said non-farm output rose slower than previously announced, as did the number of hours worked in the second quarter.
MOSS POINT, Miss., Sept. 2 (UPI) -- Northrop Grumman has started construction of its first MQ-4 Broad Area Maritime Surveillance Unmanned Aircraft System for the U.S. Navy.
VIENNA, Va., Sept. 2 (UPI) -- The Allied Defense Group of Virginia has completed the sale of substantially all of its assets to Britain's Chemring Group.
WHITE SANDS MISSILE RANGE, N.M., Sept. 2 (UPI) -- The Raytheon-Boeing Joint Air-to-Ground Missile successfully struck its target in the second of three government-sponsored firings of the weapon.
WASHINGTON, Sept. 2 (UPI) -- The U.S. Department of Labor said Thursday first-time claims for jobless benefits declined by 6,000 last week.
TEMPE, Ariz., Sept. 2 (UPI) -- U.S. manufacturing expanded for the 13th consecutive month in August, the Institute of Supply Management said.
BREST, France, Sept. 2 (UPI) -- A nuclear-powered Russian guided-missile cruiser is to arrive Thursday in Brest, France for a four-day official visit that will include a joint naval exercise with French warships.
NEW YORK, Sept. 2 (UPI) -- U.S. markets opened on a positive note Thursday with reports that first-time jobless claims were relatively flat and work hours increased in the second quarter.
HARRISBURG, Pa., Sept. 2 (UPI) -- Tension is mounting in Harrisburg, Pa., concerning the city's potential fall into bankruptcy, observers said.