Business News

WASHINGTON, Nov. 23 (UPI) -- The U.S. Consumer Product Safety Commission said Monday it had established a link between Chinese drywall and corrosion of wiring and plumbing components.

FORT LAUDERDALE, Fla., Nov. 23 (UPI) -- Court records released Monday allege Florida attorney Scott Rothstein used a massive Ponzi scheme to cover payroll for his Fort Lauderdale law firm.

DEARBORN, Mich., Nov. 23 (UPI) -- A U.S. judge ordered a former Ford Motor Co. product engineer to remain in jail while awaiting trial on charges of industrial espionage.

NEW YORK, Nov. 23 (UPI) -- Black Friday may not be confined to Friday anymore, as some U.S. retailers said sales would begin before Thanksgiving to make up for a slow economy.

WASHINGTON, Nov. 23 (UPI) -- Sales of existing U.S. homes jumped 10.1 percent in October, continuing a seven-month upswing, the National Association of Realtors said Monday.

Markets put on early charge Monday ... U.S. debt burden to escalate ... War games push crude oil prices ... Crosswinds builder caught in crossfire ... News from United Press International.

WASHINGTON, Nov. 23 (UPI) -- The president of the National Association of Business Economists said the "jobless" U.S. recovery should start adding jobs by the second quarter of 2010.

TORRANCE, Calif., Nov. 23 (UPI) -- U.S. aerospace and defense company Hi-Shear Technology Corp. has received approval to proceed with a merger agreement with Chemring Group.

OSHKOSH, Wis., Nov. 23 (UPI) -- U.S. defense contractor Oshkosh Corp. marked a milestone following its fifth consecutive month exceeding its tactical vehicle production requirements.

LANSING, Mich., Nov. 23 (UPI) -- The chairman of the Michigan State Housing Development Authority is being hounded by lawsuits involving failed development projects, court records show.

TEHRAN, Nov. 23 (UPI) -- The large-scale exercises Iran is currently conducting to test its air-defense network and assess its ability to protect its nuclear facilities appear to be little more than a show of defiance against the United States, Israel and Russia, its longtime key arms supplier.

SAN JOSE, Calif., Nov. 23 (UPI) -- U.S. auction giant eBay said it had fixed a problem that caused item searches to fail Saturday.

WASHINGTON, Nov. 23 (UPI) -- The U.S. government is borrowing just when it should be saving money to pay for an increasing demand for services, an expert in bond management said.

With the U.S. debt estimated at $12 trillion and investor sentiment shifting it is a wonder that the government can afford a health economy at all.

DEARBORN, Mich., Nov. 22 (UPI) -- Ford Motor Co.'s third-quarter profit is evidence the U.S. automaker is successfully turning its fortunes around, a top executive says.