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SEC widens Madoff probe

Tue, 01/06/2009 - 04:18

NEW YORK, Jan. 5 (UPI) -- Investigators said Monday they have widened their probe into U.S. regulators' failure to spot alleged fraud by fallen financier Bernard Madoff.

Prosecutors seek Madoff bail revocation

Tue, 01/06/2009 - 00:51

NEW YORK, Jan. 5 (UPI) -- Federal prosecutors Monday tried to get fallen financier Bernard Madoff tossed in jail, saying he tried to hide at least $1 million in assets.

China targets Internet sites

Tue, 01/06/2009 - 00:13

BEIJING, Jan. 5 (UPI) -- China is renewing its crackdown on Internet content, targeting sites that fail to filter questionable content, officials said.

UPI NewsTrack Business

Mon, 01/05/2009 - 22:49

U.S. markets drop Monday ... U.S. auto sales plunged in December ... Japanese stocks in seldom seen upswing ... California avocados looking at lean year ... News from United Press International.

Crude oil rises Monday

Mon, 01/05/2009 - 22:47

NEW YORK, Jan. 5 (UPI) -- Crude oil prices rose Monday on political tensions and an oil production cut, which began in the new year.

Grains mostly higher Monday in Chicago

Mon, 01/05/2009 - 22:34

CHICAGO, Jan. 5 (UPI) -- Grains closed mostly higher on the Chicago Board of Trade Monday as corn prices stayed low, while wheat, soybeans and oats made gains.

U.S. auto sales plunged in December

Mon, 01/05/2009 - 22:22

DETROIT, Jan. 5 (UPI) -- U.S. auto companies reported plunging auto sales in December with Detroit's Big Three claiming sales at least 30 percent below December 2007.

U.S. markets drop Monday

Mon, 01/05/2009 - 21:56

NEW YORK, Jan. 5 (UPI) -- U.S. stock indexes closed lower Monday after automakers reported sales in December were down in the range of 30 percent.

Car sales fall 5th straight year in Japan

Mon, 01/05/2009 - 21:24

TOKYO, Jan. 5 (UPI) -- Domestic sales of new cars in Japan fell for the fifth consecutive year in 2008, the Japanese Auto Dealers Association said Monday.

Japanese stocks in seldom seen upswing

Mon, 01/05/2009 - 21:19

TOKYO, Jan. 5 (UPI) -- A broad range of stock gains pushed Japan's Nikkei 225 index above 9,000 for the first time in nearly two months Monday.

California avocados looking at lean year

Mon, 01/05/2009 - 20:38

SAN DIEGO, Jan. 5 (UPI) -- California avocado farmers expect the 2009 crop to be the smallest since a freeze decimated 1990's fruit, a growers' association said.

GM to begin seeking key concessions soon

Mon, 01/05/2009 - 20:02

DETROIT, Jan. 5 (UPI) -- U.S. auto giant General Motors Corp. has scheduled key negotiations this week to begin the process of proving it can reshape itself into a profitable company.

Delta leans on its cargo business

Mon, 01/05/2009 - 20:02

ATLANTA, Jan. 5 (UPI) -- Delta Air Lines Inc. executive Neel Shah said the U.S. carrier would lean more and more on its cargo operations while its passenger services shrink.

Hospitality braces for a slow year

Mon, 01/05/2009 - 19:24

LOS ANGELES, Jan. 5 (UPI) -- A slowing economy is pushing U.S. hotels to lower rates, which could sharply cut operating income, an industry research group said.

Slowdown cuts China's revenue expectations

Mon, 01/05/2009 - 18:47

BEIJING, Jan. 5 (UPI) -- China's fiscal revenue is expected to rise 19 percent for 2008 compared to 2007, a sharp slowdown from 2007's increase, its finance minister said Monday.

CEO Jobs says hormones caused weight loss

Mon, 01/05/2009 - 18:08

CUPERTINO, Calif., Jan. 5 (UPI) -- Apple Chief Executive Officer Steve Jobs ended speculation about his health problems, saying a hormone imbalance, not cancer, was causing his weight loss.

Construction spending down in November

Mon, 01/05/2009 - 17:52

WASHINGTON, Jan. 5 (UPI) -- Spending on private and public construction in the United States fell less than expected in November, the U.S. Commerce Department said Tuesday.

U.S. markets mixed Monday

Mon, 01/05/2009 - 17:38

NEW YORK, Jan. 5 (UPI) -- U.S. stock indexes were mixed on concern of a continued slide in automobile sales and lower construction spending.

Swedes may help resolve Ukraine's gas bill

Mon, 01/05/2009 - 17:27

STOCKHOLM, Sweden, Jan. 5 (UPI) -- A European Union delegation headed to Ukraine after nine countries reported natural gas supply problems due to Ukraine's dispute with Gazprom over a bill.

Canadian consults Norway on oil wealth

Mon, 01/05/2009 - 17:15

EDMONTON, Alberta, Jan. 5 (UPI) -- The provincial minister of finance for the Canadian province of Alberta is seeking advice from Norway on handling billions of dollars in oil revenue.