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MIAMI, Dec. 8 (UPI) -- CompUSA is planning to add nearly 300 devoted Internet connections to each U.S. store location to explain its technology products to its live customers.
WASHINGTON, Dec. 8 (UPI) -- The Federal Housing Administration's recent limit increase on reverse mortgages has increased interest in the loans, U.S. bankers said.
Iraq Drilling Co., U.K.-based Mesopotamia Petroleum sign joint venture
BAGHDAD, Dec. 8 (UPI) -- Peter Redman started his oil career 50 years ago drilling wells on Iraq's Zubair and Rumaila fields on behalf of British Petroleum, a major stakeholder of the Iraq Petroleum Co., which controlled Iraq's oil until it was kicked out in the 1970s in the nationalization campaign.
Dow Chemical to shed 5,000 jobs
MIDLAND, Mich., Dec. 8 (UPI) -- U.S. conglomerate Dow Chemical said Monday it would reduce its staff by 11 percent and shutter 20 facilities as part of a restructuring effort.
CHICAGO, Dec. 8 (UPI) -- Chief Executive Officer of Playboy Enterprises Inc. Christie Hefner said she planned to resign her position at the end of January to pursue other interests.
LONDON, Dec. 8 (UPI) -- Britain's Carphone Warehouse said its deputy chairman David Ross resigned after failing to reveal his stakes in the company helped him secure personal loans.
U.S. markets climb Monday morning ... Granholm: GM needs help or 'game over' ... U.S. consumer spending increases ... Report: Russia may muscle in on mining co. ... News from United Press International.
TORRANCE, Calif., Dec. 8 (UPI) -- Honda Motor said it is considering a delay in introducing diesel-powered vehicles to the U.S. market due to the relatively high cost of diesel fuel.
WASHINGTON, Dec. 8 (UPI) -- U.S. workers employed only part-time,but seeking full time jobs rose in November, as did the unemployment rate, the Labor Department said.
TORONTO, Dec. 8 (UPI) -- Housing affordability is on a downturn in Canada, but the situation is not as dire as in the United States, a report by RBC Economics in Toronto said Monday.
U.S. consumer spending increases
PRINCETON, N.J., Dec. 8 (UPI) -- U.S. consumers have begun to open their wallets a bit wider lately, spending on average $124 from Black Friday through Dec. 5, a survey said.
MOSCOW, Dec. 8 (UPI) -- The Russian government may be using a 2-year-old mining accident as an excuse to take over the mining company Uralkali, observers said.
Chinese leaders meet on economy
BEIJING, Dec. 8 (UPI) -- Chinese economic experts met Monday to set next year's course for the economy, which President Hu Jintao says faces challenges in the current global crisis.
Obama backs Republic worker demands
CHICAGO, Dec. 7 (UPI) -- President-elect Barack Obama Sunday said he supports demands by laid off workers at a Chicago manufacturing company for severance pay and other benefits.
Report: Tribune hires bankruptcy advisers
CHICAGO, Dec. 7 (UPI) -- Tribune Co. has engaged bankruptcy advisers in an effort to stave off a potential bankruptcy filing, The New York Times reported Sunday.
ABERDEEN, Scotland, Dec. 7 (UPI) -- Oilexco Inc. has been put up for sale just two weeks after the North Sea oil company was unable to raise capital.
LONDON, Dec. 7 (UPI) -- Wagon Automotive, one of Britain's largest car parts groups, says it may have to cut 4,500 jobs across Europe.
BEIJING, Dec. 7 (UPI) -- China's says Beijing and Shanghai soon will be connected by the world's longest high-speed rail.
CHICAGO, Dec. 6 (UPI) -- Laid-off workers at the Republic Windows & Doors factory in Chicago remained camped out there Saturday, refusing to leave without their pay.
JACKSON, Ga., Dec. 6 (UPI) -- First Georgia Community Bank in Jackson, Ga., has been seized by regulators, becoming the 23rd financial institution nationwide to fail this year.
Judge rejects Wachovia lawsuit
CHARLOTTE, N.C., Dec. 6 (UPI) -- A North Carolina judge has rejected a lawsuit filed by a Wachovia shareholder seeking to block the bank's sale to Wells Fargo.
CLEVELAND, Dec. 6 (UPI) -- A flood of lawsuits has been filed seeking to prevent National City Corp. from becoming part of PNC Financial Services Group, court papers show.
BEIJING, Dec. 6 (UPI) -- China's first private airline, OK Air, suspended passenger service earlier than planned Saturday amid financial and management difficulties, a spokesman said.
NEW YORK, Dec. 6 (UPI) -- Paul Nawrocki, a former toy company executive who says he is desperate to find work, wears a sandwich board in New York advertising his need for a job.
LONDON, Dec. 6 (UPI) -- Vauxhall Motors, a British subsidiary of General Motors, has held secret talks with government officials as it seeks to save thousands of jobs, sources said.
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