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 | NEW YORK (UPI) -- Gold lost some luster Monday on the Comex division of the New York Mercantile Exchange, as the dollar gained against the euro and the yen.
The euro fell to $1.3888 from Friday's $1.3929. Against the yen, the dollar rose to 80.54 yen from Friday's 80.47 yen. In New York, the price of gold slid 0.5 percent, about $7 to $1,350.60 per troy ounce.
Copper for December delivery rose 1.4 percent to $3.785 per pound and oil prices rose to close to $83 per barrel ...
Continue Reading... Post a Comment | Share | Print DETROIT (UPI) -- General Motors shut down its 84-year-old Pontiac brand Monday, the victim of a major overhaul of the U.S. automaker in recessionary times.
GM had said it would stop production of the brand a year ago when it emerged from bankruptcy. The brand that featured the iconic Trans Am, Firebird and the GTO had fast looks and blue-collar appeal, but sales had diminished in recent years. Over a million vehicle sales in 1968 had dwindled to 267,000 in 2008, SkyNews.com reported...
Continue Reading... Post a Comment | Share | Print WASHINGTON (UPI) -- Theft of banking information at points consumers swipe their debit and credit cards could rise as the economy falters, a bank trade group spokeswoman said.
"As the economy gets worse and people get more desperate for money, the amount of fraud tends to go up," Margot Mohsberg, a spokeswoman for the American Bankers Association, told Monday's Detroit News.
Banks have noted the equipment required to have account and personal identification numbers ...
Continue Reading... Post a Comment | Share | Print | | Advertisement | WASHINGTON (UPI) -- The U.S. Federal Reserve is facing a sluggish economy, limited options and potentially high risks, monetary policy analysts said.
With its overnight lending rate set at zero to 0.25 percent Fed decision makers are contemplating a new round of bond purchases, a step known as quantitative easing or printing money, The Washington Post reported Monday.
The aim is to pump more money into a lackluster economy in which the unemployment rate remains stubbornly ...
Continue Reading... Post a Comment | Share | Print |  | | | More Headlines • Early market gains crumble Monday
• Grains futures lower ahead of Election Day
• A few states report harvests done
• Crude oil prices jump Monday
• Lowe's revamps drywall settlement
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