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Billionaire Beanie Babies businessman admits tax evasion
CHICAGO, Oct. 2 (UPI) -- Ty Warner, whose little Beanie Babies plush toys made him rich, pleaded guilty in Chicago Wednesday to evading millions of dollars in federal taxes.
Top banker: Shutdown hurts 'shallow' recovery
Top banker: Shutdown hurts 'shallow' recovery
WASHINGTON, Oct. 2 (UPI) -- The head of a trade group representing U.S. bankers said Wednesday the federal government shutdown will hurt what he called a "shallow recovery" from recession.
Stocks slip on tepid jobs report
NEW YORK, Oct. 2 (UPI) -- Stocks on Wall Street closed lower Wednesday after an employment report for September came in short of expectations.
Merck announces plans to cut 20 percent of workforce
WHITEHOUSE STATION, N.J., Oct. 2 (UPI) -- U.S. pharmaceutical giant Merck & Co. has announced plans to make major cuts during the next two years, including cutting 20 percent of its staff.
Oil stockpiles defy expectations and climb
WASHINGTON, Oct. 2 (UPI) -- U.S. crude oil inventories rose by 5.5 million barrels in the week that ended Friday, the Energy Information Administration said.
Oil prices jump close to $104 per barrel
Oil prices jump close to $104 per barrel
NEW YORK, Oct. 2 (UPI) -- Crude oil prices jumped to just under $104 per barrel in New York Wednesday as TransCanada said construction of the Golf Coast pipeline was nearly complete.
New York sues Wells Fargo on continuing mortgage complaints
New York sues Wells Fargo on continuing mortgage complaints
ALBANY, N.Y., Oct. 2 (UPI) -- New York's top prosecutor said Wednesday he would file suit against Wells Fargo for failing to live up to a 2012 agreement meant to resolve foreclosure abuses.
Retail bounces back in week
NEW YORK, Oct. 2 (UPI) -- U.S. retail receipts rebounded after two sluggish weeks in the week ending Saturday, the International Council of Shopping Centers said.
Growth in N.Y. manufacturing slows
NEW YORK, Oct. 2 (UPI) -- The pace of manufacturing growth in the Empire State slowed in September, the Institute of Supply Management said Wednesday.
Eurozone central bank leaves rates unchanged
FRANKFURT, Germany, Oct. 2 (UPI) -- The European Central Bank left its monetary policy unchanged Wednesday, citing support it was providing to a gradual recovery.
British construction expansion near six-year peak
LONDON, Oct. 2 (UPI) -- Home building in Britain in September reached its highest growth rate since November 2003, research firm Markit Economics said Wednesday.
Paramount layoff: Studio giant cuts 5 percent of workforce
Paramount layoff: Studio giant cuts 5 percent of workforce
By CAROLINE LEE, UPI.com | Blog
A memo released on the lot let 110 employees go.
Private sector added 166,000 jobs in September
ROSELAND, N.J., Oct. 2 (UPI) -- U.S. private-sector employment rose by 166,000 jobs in September, significantly short of the consensus forecast, Automatic Data Processing said Wednesday.
Texas drops fight against American-US Airways merger
DALLAS, Oct. 2 (UPI) -- Texas has pulled out of a U.S. Justice Department lawsuit seeking to block the planned American Airlines-US Airways merger, the state's attorney general said.
PM: Japan sales tax to go from 5 percent to 8 percent
TOKYO, Oct. 1 (UPI) -- Japan's sales tax will go up to 8 percent starting April from 5 percent now as Prime Minister Shinzo Abe's government prepares to check the soaring public debt.
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2013 Presidents Cup played at Muirfield Village Golf Club in Dublin, Ohio
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Former U.S. President George W. Bush (C) points to the crowd as he stands on the first tee box at the 2013 Presidents Cup at Muirfield Village Golf Club in Dublin, Ohio on October 3, 2013. UPI/Brian Kersey