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HIGH-PRIORITY BUSINESS NEWS
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| Friday, 24-May-2013 01:56 EDT |
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Report on toy sales: Wind it up, sell it
PORT WASHINGTON, N.Y., Jan. 28 (UPI) -- U.S. retail researchers NPD Group said Friday strong toy sales in the fourth quarter pushed the sector to a 2 percent rise in the year compared to 2009.
Crude oil prices top $89
NEW YORK, Jan. 28 (UPI) -- Crude oil prices topped $89 per barrel Friday with traders concerned unrest in Egypt could prompt a closing of the Suez Canal.
Gold makes gains with equities down
NEW YORK, Jan. 28 (UPI) -- Gold prices rebounded Friday, as equity markets plunged and oil prices surged higher due to concerns over chaos in Egypt.
Italian autoworkers strike against Fiat
ROME, Jan. 28 (UPI) -- An Italian autoworkers union held a nationwide strike against carmaker Fiat, protesting being shut out of recent contract negotiations, officials said.
CBOT lower on Egypt unrest
CHICAGO, Jan. 28 (UPI) -- Grain futures prices were down at the close Friday on the Chicago Board of Trade as uncertainty in Egypt pressured markets.
FDIC charges banker with loan misconduct
LAS VEGAS, Jan. 28 (UPI) -- Federal regulators said a former Nevada bank executive orchestrated loans that lost as much as $10 million at Silver State Bank before it failed.
Allstate: Virgos have most crashes
NORTHBROOK, Ill., Jan. 28 (UPI) -- Illinois-based Allstate Insurance said its analysis of car accidents related to astrology found Virgos were the most likely to crash vehicles.
BofA protests Nevada injunction
LAS VEGAS, Jan. 28 (UPI) -- Bank of America is trying to persuade a Nevada county judge to reverse an injunction that prevents 8,900 foreclosures from proceeding, court papers show.
Report: Egyptians move money from turmoil
CAIRO, Jan. 28 (UPI) -- A number of Egyptian businessmen shipped their money abroad after anti-government demonstrations began earlier this week, observers said.
Russian icebreaker rescue near success
VLADIVOSTOK, Russia, Jan. 28 (UPI) -- An icebreaker rescue operation off Russia's Far East is nearly complete, a shipping company says.
Cameron outlines vision for recovery
DAVOS, Switzerland, Jan. 28 (UPI) -- Jump-starting the European economy will require a shift in direction to address deficits that took time to develop, British Prime Minister David Cameron said.
Brazil plans free homes for flood victims
RIO DE JANEIRO, Jan. 28 (UPI) -- Brazilian President Dilma Rousseff says the country will build 8,000 free homes for victims of flooding and landslides that left 830 people dead.
N.J. mayor charged with insurance fraud
ROSELLE, N.J., Jan. 27 (UPI) -- A New Jersey mayor who allegedly drove away from a crash Christmas morning faces criminal charges.
Woman claims yogurt sample tasted of semen
ALBUQUERQUE, Jan. 27 (UPI) -- Albuquerque police said a supermarket worker accused of handing out a yogurt sample contaminated with semen was arrested on outstanding bench warrants.
Crude oil slides Thursday
NEW YORK, Jan. 27 (UPI) -- Crude oil prices slid to under $86 per barrel in New York Thursday after the Commerce Department said durable goods orders dropped 2.5 percent in December.
Gold prices fall sharply
NEW YORK, Jan. 27 (UPI) -- Gold prices dropped sharply Thursday, as equity markets held their own despite a drop in December's durable goods orders.
Walgreens uncorks store brand beer
DEERFIELD, Ill., Jan. 27 (UPI) -- U.S. drug store chain Walgreen Co. is expanding its alcohol sales with its own beer called Big Flats 1901, the company said.
Grains futures mixed Thursday
CHICAGO, Jan. 27 (UPI) -- Grain futures were mixed on the Chicago Board of Trade Thursday as traders considered weekly export figures and a dollar index that dropped 0.25 percent..
GM says no to big loans
DETROIT, Jan. 27 (UPI) -- U.S. automaker General Motors said Thursday it would pass on a chance to land $14.4 billion in government loans in order to maintain a low debt load.
Grain pest intercepted at Texas port
HOUSTON, Jan. 27 (UPI) -- U.S. agriculture specialists in Galveston, Texas, intercepted a vessel infested with one of the world's most destructive pests this month, port officials said.
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