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Long-term mortgage rates turn higher
WASHINGTON, May 9 (UPI) -- Average U.S. mortgage rates for long-term loans rose for the first time in six weeks in the week ended Thursday, the Federal Home Loan Mortgage Corp. said.
WASHINGTON, May 9 (UPI) -- The White House on Thursday announced two business-friendly initiatives to coordinate U.S. manufacturing and manage federal data helpful to job creation.
WASHINGTON, May 9 (UPI) -- U.S. lawmakers want to know what information law enforcement officials had about the Boston Marathon bombing suspects, a congressman said.
WASHINGTON, May 9 (UPI) -- The U.S. Labor Department said first-time jobless benefits claims dropped by 4,000 to 323,000 in the week that ended Saturday.
MADRID, May 9 (UPI) -- Spanish energy company Repsol said Thursday it was having a good year in part because of upstream gains ranging from Brazil to Alaska.
GENEVA, Switzerland, May 9 (UPI) -- The garment industry is called on to address working and safety conditions in the industry after the Bangladeshi factory collapse, the United Nations said.
HOUSTON, May 9 (UPI) -- Programs by Exxon Mobil and Total are expected to contribute significantly to Nigerian oil production, the petroleum minister said at a Texas energy conference.
Crude oil corrects lower
NEW YORK, May 9 (UPI) -- Crude oil prices corrected lower Thursday in New York, slipping under $96 per barrel with U.S. stockpiles at record highs.
LONDON, May 9 (UPI) -- Oil production from Ghana is expected to contribute to what Tullow Oil company said should be an exciting and busy rest of the year.
WASHINGTON, May 9 (UPI) -- The U.S. government has an obligation to ensure that oil and natural gas deposits are developed responsibly, a natural resource advocate testified.
CALGARY, Alberta, May 9 (UPI) -- There was a net increase in 2012 in the amount of crude oil produced from Alberta province, the Alberta Energy Resources Conservation Board said.
NAIROBI, Kenya, May 9 (UPI) -- Expanding interests in renewable energy technology could provide broad economic opportunities, the U.N. Environment Program said from Nairobi.
LITTLE ROCK, Ark., May 9 (UPI) -- Mayflower, Ark., residents face compensation decisions from Exxon Mobil that are far more complex than they should be, the state's attorney general said.
WARSAW, Poland, May 9 (UPI) -- International oil companies don't have the patience to explore for shale natural gas in frontier territory like Poland's, an executive said.
SEOUL, May 9 (UPI) -- South Korea's central bank, noting slowing exports and weak growth, Thursday cut its main interest rate by 0.25 percent to 2.5 percent.
IRVINE, Calif., May 9 (UPI) -- U.S. foreclosure activity reached a 74-month low in April, online real estate tracking firm RealtyTrac said Thursday.
CANBERRA, Australia, May 9 (UPI) -- Australia will hold defense spending at $100 billion over four years and remains committed to the purchase of the F-35 Joint Strike Fighter.
RAMALLAH, West Bank, May 8 (UPI) -- Palestinians report growing indications of oil in the occupied West Bank, which Israel may be quietly exploiting.
NEW YORK, May 8 (UPI) -- Crude oil prices topped $96 per barrel Wednesday in New York with China reporting April crude oil imports up 3.5 percent from March.
Markets rally remains aloft
NEW YORK, May 8 (UPI) -- U.S. stock markets closed higher Wednesday, as records set on Wall Street continue to get broken and reset, lately on a daily basis.
WASHINGTON, May 8 (UPI) -- Bailed out U.S. mortgage giant Freddie Mac said Wednesday it earned $4.6 billion in the first quarter of the year due to a recovery in the housing market.
HOUSTON, May 8 (UPI) -- The U.S. Justice Department outlined a new sentence for convicted former Enron executive Jeffrey Skilling, which could cut 10 years from his 24-year sentence.
WASHINGTON, May 8 (UPI) -- Bloomington, Minn., importer Surly Bikes is recalling about 975 front bicycle forks due to a potential for the forks to bend, safety regulators said.
OTTAWA, May 8 (UPI) -- Housing starts trended lower in April in Canada compared to the previous month, the Canadian Mortgage and Housing Corp. said Wednesday.
NASHVILLE, May 8 (UPI) -- Fifty-year-old U.S. vacuum cleaner maker Oreck Corp. has filed for Chapter 11 bankruptcy protection, court papers show.
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Arias Is Found Guilty of Murder in Arizona
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Jodi Arias (R) reacts as she hears the verdict of guilty of first degree murder after a four month trial in Phoenix, Arizona, May 8, 2013. Arias was convicted of murdering her lover Travis Alexander in Tempe, Arizona in June of 2008. UPI// Rob Schumacher/Arizona Republic/Pool