MY USTI.NET News: High-priority business news

MY USTI.NET News: High-priority business newsCopyright (c) 2007 USTINET Corporation. All rights reserved.http://news.usti.net/High-priority business newsen-usTue, 02 Dec 2008 01:13:03 GMT2880MY USTI.NET News12336http://news.usti.net/http://rss.usti.net/xml_news.gif Cyber deals up on Cyber Mondayhttp://news.usti.net/newsstory/biz.top/2/wed/ah/Uus-cybermonday.Rs3b_ID1.htmlwed/ah/Uus-cybermonday.Rs3b_ID1.html1228179909Tue, 02 Dec 2008 01:05:09 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/ah/Uus-cybermonday.Rs3b_ID1.html"></a>NEW YORK, Dec. 1 (UPI) -- Online shopping declined 4 percent for most of November, pushing retailers to offer more deals on Cyber Monday, a retail expert said. <a href="http://news.usti.net/newsstory/biz.top/2/wed/ah/Uus-cybermonday.Rs3b_ID1.html">Cyber deals up on Cyber Monday</a> NEW YORK, Dec. 1 (UPI) -- Online shopping declined 4 percent for most of November, pushing retailers to offer more deals on Cyber Monday, a retail expert said. (UPI) Grain prices mostly lower in Chicagohttp://news.usti.net/newsstory/biz.top/2/wed/ad/Uus-cbot.RWyP_ID1.htmlwed/ad/Uus-cbot.RWyP_ID1.html1228174494Mon, 01 Dec 2008 23:34:54 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/ad/Uus-cbot.RWyP_ID1.html"></a>CHICAGO, Dec. 1 (UPI) -- Grains closed mostly lower on the Chicago Board of Trade Monday as stocks and oil prices both fell sharply in New York. <a href="http://news.usti.net/newsstory/biz.top/2/wed/ad/Uus-cbot.RWyP_ID1.html">Grain prices mostly lower in Chicago</a> CHICAGO, Dec. 1 (UPI) -- Grains closed mostly lower on the Chicago Board of Trade Monday as stocks and oil prices both fell sharply in New York. (UPI) Crude oil prices fall sharplyhttp://news.usti.net/newsstory/biz.top/2/wed/dd/Uus-energyprices.RCYT_ID1.htmlwed/dd/Uus-energyprices.RCYT_ID1.html1228173288Mon, 01 Dec 2008 23:14:48 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/dd/Uus-energyprices.RCYT_ID1.html"></a>NEW YORK, Dec. 1 (UPI) -- Crude oil prices fell sharply on the New York Mercantile Exchange Monday as data showed U.S. manufacturing in decline. <a href="http://news.usti.net/newsstory/biz.top/2/wed/dd/Uus-energyprices.RCYT_ID1.html">Crude oil prices fall sharply</a> NEW YORK, Dec. 1 (UPI) -- Crude oil prices fell sharply on the New York Mercantile Exchange Monday as data showed U.S. manufacturing in decline. (UPI) U.S. corn harvest nearing completionhttp://news.usti.net/newsstory/biz.top/2/wed/ba/Uus-cropreport.ROJH_ID1.htmlwed/ba/Uus-cropreport.ROJH_ID1.html1228172087Mon, 01 Dec 2008 22:54:47 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/ba/Uus-cropreport.ROJH_ID1.html"></a>WASHINGTON, Dec. 1 (UPI) -- The U.S. corn harvest is completed in three states, but still trailing behind its historic average overall, the Department of Agriculture said. <a href="http://news.usti.net/newsstory/biz.top/2/wed/ba/Uus-cropreport.ROJH_ID1.html">U.S. corn harvest nearing completion</a> WASHINGTON, Dec. 1 (UPI) -- The U.S. corn harvest is completed in three states, but still trailing behind its historic average overall, the Department of Agriculture said. (UPI) Ford to consider selling Volvohttp://news.usti.net/newsstory/biz.top/2/wed/bd/Uus-ford-volvo.RUOa_ID1.htmlwed/bd/Uus-ford-volvo.RUOa_ID1.html1228163087Mon, 01 Dec 2008 20:24:47 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/bd/Uus-ford-volvo.RUOa_ID1.html"></a>DETROIT, Dec. 1 (UPI) -- Ford Motor Co. said it was reviewing its position on Swedish car company Volvo Car Corp., which it purchased in 1999. <a href="http://news.usti.net/newsstory/biz.top/2/wed/bd/Uus-ford-volvo.RUOa_ID1.html">Ford to consider selling Volvo</a> DETROIT, Dec. 1 (UPI) -- Ford Motor Co. said it was reviewing its position on Swedish car company Volvo Car Corp., which it purchased in 1999. (UPI) Police seeking motive for deadly rampagehttp://news.usti.net/newsstory/biz.top/2/wed/bv/Uus-rampage.R4M0_ID1.htmlwed/bv/Uus-rampage.R4M0_ID1.html1228157089Mon, 01 Dec 2008 18:44:49 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/bv/Uus-rampage.R4M0_ID1.html"></a>GAFFNEY, S.C., Dec. 1 (UPI) -- Police in Cherokee County, S.C., say they want to learn why a man allegedly ran rampant on area streets with a front-end loader, killing one person. <a href="http://news.usti.net/newsstory/biz.top/2/wed/bv/Uus-rampage.R4M0_ID1.html">Police seeking motive for deadly rampage</a> GAFFNEY, S.C., Dec. 1 (UPI) -- Police in Cherokee County, S.C., say they want to learn why a man allegedly ran rampant on area streets with a front-end loader, killing one person. (UPI) U.S. manufacturing declined in Novemberhttp://news.usti.net/newsstory/biz.top/2/wed/bo/Uus-ism.Rkdv_ID1.htmlwed/bo/Uus-ism.Rkdv_ID1.html1228154087Mon, 01 Dec 2008 17:54:47 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/bo/Uus-ism.Rkdv_ID1.html"></a>TEMPE, Ariz., Dec. 1 (UPI) -- U.S. manufacturing activity declined for the fourth consecutive month in November, the Institute for Supply Management said Monday. <a href="http://news.usti.net/newsstory/biz.top/2/wed/bo/Uus-ism.Rkdv_ID1.html">U.S. manufacturing declined in November</a> TEMPE, Ariz., Dec. 1 (UPI) -- U.S. manufacturing activity declined for the fourth consecutive month in November, the Institute for Supply Management said Monday. (UPI) Holiday Buying Surges, Slowshttp://news.usti.net/newsstory/biz.top/2/wed/am/Ayb123870397.RB9C_IN1.htmlwed/am/Ayb123870397.RB9C_IN1.html1228150487Mon, 01 Dec 2008 16:54:47 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/am/Ayb123870397.RB9C_IN1.html"></a>Dec. 1--Shoppers taking advantage of steep discounts and door-buster deals spent more than expected the day after Thanksgiving, providing retailers with a surprisingly strong start to the holiday season. <a href="http://news.usti.net/newsstory/biz.top/2/wed/am/Ayb123870397.RB9C_IN1.html">Holiday Buying Surges, Slows</a> Dec. 1--Shoppers taking advantage of steep discounts and door-buster deals spent more than expected the day after Thanksgiving, providing retailers with a surprisingly strong start to the holiday season. (AP) U.S. retail still looks like an off yearhttp://news.usti.net/newsstory/biz.top/2/wed/dg/Uus-holidaysales.RIFh_ID1.htmlwed/dg/Uus-holidaysales.RIFh_ID1.html1228149886Mon, 01 Dec 2008 16:44:46 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/dg/Uus-holidaysales.RIFh_ID1.html"></a>NEW YORK, Dec. 1 (UPI) -- U.S. retail researchers said shopping increased during the week compared with a year ago, but not all the numbers look promising. <a href="http://news.usti.net/newsstory/biz.top/2/wed/dg/Uus-holidaysales.RIFh_ID1.html">U.S. retail still looks like an off year</a> NEW YORK, Dec. 1 (UPI) -- U.S. retail researchers said shopping increased during the week compared with a year ago, but not all the numbers look promising. (UPI) Construction spending declined in Octoberhttp://news.usti.net/newsstory/biz.top/2/wed/cr/Uus-constructionspending.RHB0_ID1.htmlwed/cr/Uus-constructionspending.RHB0_ID1.html1228149298Mon, 01 Dec 2008 16:34:58 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/cr/Uus-constructionspending.RHB0_ID1.html"></a>WASHINGTON, Dec. 1 (UPI) -- Spending on private and public construction in the United States fell 1.2 percent in October, the U.S. Commerce Department said Monday. <a href="http://news.usti.net/newsstory/biz.top/2/wed/cr/Uus-constructionspending.RHB0_ID1.html">Construction spending declined in October</a> WASHINGTON, Dec. 1 (UPI) -- Spending on private and public construction in the United States fell 1.2 percent in October, the U.S. Commerce Department said Monday. (UPI) Straw: Smith acted properly in leak casehttp://news.usti.net/newsstory/biz.top/2/wed/bq/Ubritain-politics-leakarrest.Rh1y_ID1.htmlwed/bq/Ubritain-politics-leakarrest.Rh1y_ID1.html1228142104Mon, 01 Dec 2008 14:35:04 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/bq/Ubritain-politics-leakarrest.Rh1y_ID1.html"></a>LONDON, Dec. 1 (UPI) -- British Justice Secretary Jack Straw says Home Secretary Jacqui Smith doesn't need to apologize for not intervening in the arrest of a member of Parliament. <a href="http://news.usti.net/newsstory/biz.top/2/wed/bq/Ubritain-politics-leakarrest.Rh1y_ID1.html">Straw: Smith acted properly in leak case</a> LONDON, Dec. 1 (UPI) -- British Justice Secretary Jack Straw says Home Secretary Jacqui Smith doesn't need to apologize for not intervening in the arrest of a member of Parliament. (UPI) London Scottish Bank files for protectionhttp://news.usti.net/newsstory/biz.top/2/wed/de/Ubritain-lsb.RxcY_ID1.htmlwed/de/Ubritain-lsb.RxcY_ID1.html1228140887Mon, 01 Dec 2008 14:14:47 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/de/Ubritain-lsb.RxcY_ID1.html"></a>LONDON, Dec. 1 (UPI) -- London Scottish Bank filed for court protection Monday after the Financial Services Authority declared it could no longer accept deposits. <a href="http://news.usti.net/newsstory/biz.top/2/wed/de/Ubritain-lsb.RxcY_ID1.html">London Scottish Bank files for protection</a> LONDON, Dec. 1 (UPI) -- London Scottish Bank filed for court protection Monday after the Financial Services Authority declared it could no longer accept deposits. (UPI) U.S. mayors push $90B building planhttp://news.usti.net/newsstory/biz.top/2/wed/bl/Uus-obama-mayors.RhAc_ID1.htmlwed/bl/Uus-obama-mayors.RhAc_ID1.html1228137288Mon, 01 Dec 2008 13:14:48 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/bl/Uus-obama-mayors.RhAc_ID1.html"></a>WASHINGTON, Dec. 1 (UPI) -- U.S. mayors, who have long complained of penny-pinching by the federal government, say they have a $90 billion infrastructure spending plan. <a href="http://news.usti.net/newsstory/biz.top/2/wed/bl/Uus-obama-mayors.RhAc_ID1.html">U.S. mayors push $90B building plan</a> WASHINGTON, Dec. 1 (UPI) -- U.S. mayors, who have long complained of penny-pinching by the federal government, say they have a $90 billion infrastructure spending plan. (UPI) Japan November auto sales plungehttp://news.usti.net/newsstory/biz.top/2/wed/dc/Ujapan-autosales.RE6S_ID1.htmlwed/dc/Ujapan-autosales.RE6S_ID1.html1228131295Mon, 01 Dec 2008 11:34:55 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/dc/Ujapan-autosales.RE6S_ID1.html"></a>TOKYO, Dec. 1 (UPI) -- Japan's November domestic auto sales, hit by the recession, fell 27.3 percent to 215,783 units from year-ago levels, the industry group said Monday. <a href="http://news.usti.net/newsstory/biz.top/2/wed/dc/Ujapan-autosales.RE6S_ID1.html">Japan November auto sales plunge</a> TOKYO, Dec. 1 (UPI) -- Japan's November domestic auto sales, hit by the recession, fell 27.3 percent to 215,783 units from year-ago levels, the industry group said Monday. (UPI) 'Black Friday' stats show more shoppinghttp://news.usti.net/newsstory/biz.top/2/wed/dk/Uus-blackfriday.RmxK_INU.htmlwed/dk/Uus-blackfriday.RmxK_INU.html1228089287Sun, 30 Nov 2008 23:54:47 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/dk/Uus-blackfriday.RmxK_INU.html"></a>NEW YORK, Nov. 30 (UPI) -- Statistics show the 2008 Christmas shopping season got off to a flying start in the United States with spending reaching an estimated $41 billion. <a href="http://news.usti.net/newsstory/biz.top/2/wed/dk/Uus-blackfriday.RmxK_INU.html">'Black Friday' stats show more shopping</a> NEW YORK, Nov. 30 (UPI) -- Statistics show the 2008 Christmas shopping season got off to a flying start in the United States with spending reaching an estimated $41 billion. (UPI) GM likely to be compliant this weekhttp://news.usti.net/newsstory/biz.top/2/wed/ab/Uus-gm.R7em_INU.htmlwed/ab/Uus-gm.R7em_INU.html1228086322Sun, 30 Nov 2008 23:05:22 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/ab/Uus-gm.R7em_INU.html"></a>DETROIT, Nov. 30 (UPI) -- Auto analysts predict General Motors will offer whatever concessions it has to in order to win congressional approval of a $25 billion bailout. <a href="http://news.usti.net/newsstory/biz.top/2/wed/ab/Uus-gm.R7em_INU.html">GM likely to be compliant this week</a> DETROIT, Nov. 30 (UPI) -- Auto analysts predict General Motors will offer whatever concessions it has to in order to win congressional approval of a $25 billion bailout. (UPI) Bushes look toward Dallas 'afterlife'http://news.usti.net/newsstory/biz.top/2/wed/ah/Uus-meetpress.R5pb_INU.htmlwed/ah/Uus-meetpress.R5pb_INU.html1228083289Sun, 30 Nov 2008 22:14:49 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/ah/Uus-meetpress.R5pb_INU.html"></a>WASHINGTON, Nov. 30 (UPI) -- First lady Laura Bush Sunday hinted her family will call Dallas home once it enters "the afterlife" after leaving the White House. <a href="http://news.usti.net/newsstory/biz.top/2/wed/ah/Uus-meetpress.R5pb_INU.html">Bushes look toward Dallas 'afterlife'</a> WASHINGTON, Nov. 30 (UPI) -- First lady Laura Bush Sunday hinted her family will call Dallas home once it enters "the afterlife" after leaving the White House. (UPI) Future Bush residence problematichttp://news.usti.net/newsstory/biz.top/2/wed/ds/Uus-bush-residence.RI5G_INU.htmlwed/ds/Uus-bush-residence.RI5G_INU.html1228069488Sun, 30 Nov 2008 18:24:48 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/ds/Uus-bush-residence.RI5G_INU.html"></a>DALLAS, Nov. 30 (UPI) -- Political observers say setting up a post-presidency home for U.S. President George W. Bush is problematic due to security concerns. <a href="http://news.usti.net/newsstory/biz.top/2/wed/ds/Uus-bush-residence.RI5G_INU.html">Future Bush residence problematic</a> DALLAS, Nov. 30 (UPI) -- Political observers say setting up a post-presidency home for U.S. President George W. Bush is problematic due to security concerns. (UPI) Auto troubles pummel U.S. dealer networkhttp://news.usti.net/newsstory/biz.top/2/wed/dp/Uus-autodealers.RoLS_INU.htmlwed/dp/Uus-autodealers.RoLS_INU.html1228068888Sun, 30 Nov 2008 18:14:48 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/dp/Uus-autodealers.RoLS_INU.html"></a>DETROIT, Nov. 30 (UPI) -- The National Automobile Dealers Association predicts the United States could lose as many as 900 new-car dealerships in the current economic swoon. <a href="http://news.usti.net/newsstory/biz.top/2/wed/dp/Uus-autodealers.RoLS_INU.html">Auto troubles pummel U.S. dealer network</a> DETROIT, Nov. 30 (UPI) -- The National Automobile Dealers Association predicts the United States could lose as many as 900 new-car dealerships in the current economic swoon. (UPI) Deficit spending worries bailout criticshttp://news.usti.net/newsstory/biz.top/2/wed/dv/Uus-economy.RUYM_INU.htmlwed/dv/Uus-economy.RUYM_INU.html1228065289Sun, 30 Nov 2008 17:14:49 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/dv/Uus-economy.RUYM_INU.html"></a>WASHINGTON, Nov. 30 (UPI) -- Unprecedented deficit spending being used to battle the U.S. financial downturn could be planting the seeds of the next crisis, critics say. <a href="http://news.usti.net/newsstory/biz.top/2/wed/dv/Uus-economy.RUYM_INU.html">Deficit spending worries bailout critics</a> WASHINGTON, Nov. 30 (UPI) -- Unprecedented deficit spending being used to battle the U.S. financial downturn could be planting the seeds of the next crisis, critics say. (UPI) Italian government proposes stimulus planhttp://news.usti.net/newsstory/biz.top/2/wed/ds/Uitaly-bailout.RfY0_INT.htmlwed/ds/Uitaly-bailout.RfY0_INT.html1228020286Sun, 30 Nov 2008 04:44:46 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/ds/Uitaly-bailout.RfY0_INT.html"></a>ROME, Nov. 29 (UPI) -- The Italian government has proposed a stimulus package that combines money for infrastructure and aid to poor families with help for banks. <a href="http://news.usti.net/newsstory/biz.top/2/wed/ds/Uitaly-bailout.RfY0_INT.html">Italian government proposes stimulus plan</a> ROME, Nov. 29 (UPI) -- The Italian government has proposed a stimulus package that combines money for infrastructure and aid to poor families with help for banks. (UPI) Chrysler: Buyout target apparently methttp://news.usti.net/newsstory/biz.top/2/wed/dt/Uus-chrysler-buyouts.R2a0_INT.htmlwed/dt/Uus-chrysler-buyouts.R2a0_INT.html1227999916Sat, 29 Nov 2008 23:05:16 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/dt/Uus-chrysler-buyouts.R2a0_INT.html"></a>DETROIT, Nov. 29 (UPI) -- So many white-collar workers have accepted buyouts at Chrysler that the No. 3 U.S. automaker says layoffs will not be needed to meet its staff reduction target. <a href="http://news.usti.net/newsstory/biz.top/2/wed/dt/Uus-chrysler-buyouts.R2a0_INT.html">Chrysler: Buyout target apparently met</a> DETROIT, Nov. 29 (UPI) -- So many white-collar workers have accepted buyouts at Chrysler that the No. 3 U.S. automaker says layoffs will not be needed to meet its staff reduction target. (UPI) Iran says it's capable of closing straithttp://news.usti.net/newsstory/biz.top/2/wed/cq/Uiran-blockade.R5me_INT.htmlwed/cq/Uiran-blockade.R5me_INT.html1227987887Sat, 29 Nov 2008 19:44:47 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/cq/Uiran-blockade.R5me_INT.html"></a>TEHRAN, Nov. 29 (UPI) -- Iran says it is "perfectly capable" of closing the Strait of Hormuz, rebuffing a NATO official who dismissed the possibility. <a href="http://news.usti.net/newsstory/biz.top/2/wed/cq/Uiran-blockade.R5me_INT.html">Iran says it's capable of closing strait</a> TEHRAN, Nov. 29 (UPI) -- Iran says it is "perfectly capable" of closing the Strait of Hormuz, rebuffing a NATO official who dismissed the possibility. (UPI) Aon closes Benfield buy, warns of layoffshttp://news.usti.net/newsstory/biz.top/2/wed/ab/Uus-aon.RRju_INT.htmlwed/ab/Uus-aon.RRju_INT.html1227977086Sat, 29 Nov 2008 16:44:46 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/ab/Uus-aon.RRju_INT.html"></a>CHICAGO, Nov. 29 (UPI) -- U.S. insurance broker Aon Corp. has completed its acquisition of a British firm and will lay off as many as 700 employees, company officials say. <a href="http://news.usti.net/newsstory/biz.top/2/wed/ab/Uus-aon.RRju_INT.html">Aon closes Benfield buy, warns of layoffs</a> CHICAGO, Nov. 29 (UPI) -- U.S. insurance broker Aon Corp. has completed its acquisition of a British firm and will lay off as many as 700 employees, company officials say. (UPI) Work begins on China's tallest buildinghttp://news.usti.net/newsstory/biz.top/2/wed/ai/Uchina-tower.Rn-7_INT.htmlwed/ai/Uchina-tower.Rn-7_INT.html1227977086Sat, 29 Nov 2008 16:44:46 GMT<a href="http://news.usti.net/newsstory/biz.top/2/wed/ai/Uchina-tower.Rn-7_INT.html"></a>SHANGHAI, China, Nov. 29 (UPI) -- Construction on China's tallest building, the 2,000-foot-tall Shanghai Center, got under way Saturday, officials said. <a href="http://news.usti.net/newsstory/biz.top/2/wed/ai/Uchina-tower.Rn-7_INT.html">Work begins on China's tallest building</a> SHANGHAI, China, Nov. 29 (UPI) -- Construction on China's tallest building, the 2,000-foot-tall Shanghai Center, got under way Saturday, officials said. (UPI)