Business News - UPI.com

U.S. markets fall Friday

Fri, 10 Jul 2009 13:33:57 -0400

NEW YORK, July 10 (UPI) -- U.S. markets moved lower Friday as investors feared the second quarter's corporate reporting season would be disappointing.

China's confidence measure rises

Fri, 10 Jul 2009 13:21:24 -0400

BEIJING, July 10 (UPI) -- China's National Bureau of Statistics said confidence the Chinese economy jumped in the second quarter after sinking to an eight-year low in 2008.

Chinese exports, imports fell in June

Fri, 10 Jul 2009 13:01:15 -0400

BEIJING, July 10 (UPI) -- China's General Administration of Customs said Friday that exports and imports have both fallen dramatically in the past 12 months.

Banks set deadline for California's IOUs

Fri, 10 Jul 2009 12:36:43 -0400

SACRAMENTO, July 10 (UPI) -- Several major U.S. banks said Friday would be the last day they would honor IOUs issued by the state of California.

Canada's trade deficit up in May

Fri, 10 Jul 2009 12:12:43 -0400

OTTAWA, July 10 (UPI) -- Canada's international trade figures dropped in May, increasing its world trade deficit to $1.4 billion from $389 million, Statistics Canada reported Friday.

GM sells assets, vows focus on customers

Fri, 10 Jul 2009 11:55:11 -0400

NEW YORK, July 10 (UPI) -- General Motors Corp. vowed it would focus on customers after selling a majority of the company to the U.S. government Friday morning.

UPI NewsTrack Business

Fri, 10 Jul 2009 11:37:26 -0400

U.S. markets stumble Friday ... GM emerges from bankruptcy, sells assets ... Sprint transfers management to Ericsson ... Chinese condom plant starts production ... News from United Press International.

Geithner pushes to regulate derivatives

Fri, 10 Jul 2009 11:28:45 -0400

WASHINGTON, July 10 (UPI) -- U.S. Treasury Secretary Timothy Geithner told lawmakers Friday that over-the-counter derivatives trading should be subject to strong regulatory oversight.

IMF downgrades Ukraine 2009 GDP

Fri, 10 Jul 2009 10:58:56 -0400

KIEV, Ukraine, July 10 (UPI) -- Ukraine's gross domestic product for 2009 is expected to decline 14 percent, a big drop from an original forecast of 8 percent, a global banking official said.

Sprint transfers management to Ericsson

Fri, 10 Jul 2009 10:48:46 -0400

OVERLAND PARK, Kan., July 10 (UPI) -- U.S. telecommunications giant Sprint Nextel said it would transfer management of its network operations to Sweden's Ericsson to cut costs.

FDIC to assess Citigroup executives

Fri, 10 Jul 2009 10:09:34 -0400

WASHINGTON, July 10 (UPI) -- U.S. regulators are taking a closer look at management positions at troubled Citigroup, a source close the discussions said.

Canadian unemployment eases in June

Fri, 10 Jul 2009 09:42:08 -0400

OTTAWA, July 10 (UPI) -- Canada's unemployment rate nudged up 0.2 percentage points to 8.6 percent in June, Statistics Canada reported Friday.

U.S. trade deficit dropped in May

Fri, 10 Jul 2009 09:25:57 -0400

WASHINGTON, July 10 (UPI) -- The U.S. trade deficit decreased in May compared to April's revised figures, the U.S. Bureau of Economic Analysis said Friday.

Crude oil prices drop Friday morning

Fri, 10 Jul 2009 08:49:23 -0400

NEW YORK, July 10 (UPI) -- Crude oil prices dropped to nearly $59 per barrel on the New York Mercantile Exchange Friday, as the economic recovery appears to have stalled.

Economic Outlook: Huffing about homes

Fri, 10 Jul 2009 08:09:32 -0400

By ANTHONY HALL
United Press International
The U.S. Treasury chastised some of the nation's banks while admitting a program to help borrowers stay in their homes is progressing at a snail's pace.

Chinese condom plant starts production

Fri, 10 Jul 2009 00:38:36 -0400

BEIJING, July 10 (UPI) -- Production began Thursday at a new condom plant in China's Shandong province with an annual capacity of 864 million pieces and 620 tons of lubricants.

Many Chinese college graduates idle

Thu, 09 Jul 2009 23:54:19 -0400

BEIJING, July 9 (UPI) -- Chinese colleges expect to graduate 6.1 million students this year but the global economic slowdown has sharply reduced their job prospects, officials said.

Airlines' on-time record inches up

Thu, 09 Jul 2009 22:30:14 -0400

WASHINGTON, July 9 (UPI) -- U.S. airlines' on-time record improved slightly in May compared to the previous month and May 2008.

Woodhouse chosen for Burnham memorial

Thu, 09 Jul 2009 19:14:22 -0400

CHICAGO, July 9 (UPI) -- Architect David Woodhouse won the competition to design a memorial to Chicago planner Daniel Burnham, officials from AIA Chicago Foundation announced Thursday.

UPI NewsTrack Business

Thu, 09 Jul 2009 17:54:00 -0400

Markets close marginally higher ... Burger King mulls $1 double cheeseburger ... Auto sales soar in China ... L.A. County property values drop ... News from United Press International.

Crude oil prices rise slightly

Thu, 09 Jul 2009 17:33:04 -0400

NEW YORK, July 9 (UPI) -- Crude oil prices held above $61 per barrel on the New York Mercantile Exchange Thursday after U.S. inventories dropped in the week ending July 3.

Grain futures higher Thursday

Thu, 09 Jul 2009 17:25:55 -0400

CHICAGO, July 9 (UPI) -- Grains futures closed higher on the Chicago Board of Trade Thursday as stocks in New York turned up, posting slight gains.

Google continues to dominate searches

Thu, 09 Jul 2009 16:51:50 -0400

MOUNTAIN VIEW, Calif., July 9 (UPI) -- Google Inc. continued to record more U.S. Internet searches in June than all of its competitors combined, an Internet researcher group said Thursday.

Markets close marginally higher

Thu, 09 Jul 2009 16:43:30 -0400

NEW YORK, July 9 (UPI) -- A not-as-bad-as-feared loss of $454 million posted by Alcoa and lower first-time jobless claims figure helped push U.S. markets to marginal gains Thursday.

Best Buy, TiVo announce partnership

Thu, 09 Jul 2009 16:18:42 -0400

SAN FRANCISCO, July 9 (UPI) -- U.S. companies Best Buy and TiVo have announced the formation of a broad partnership involving massive cross-promotion.