Business News for Sunday January 2, 2011

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Consumer Corner: Reality check CHICAGO (UPI) -- Now that the holiday revelry is over, U.S. consumers can turn their attention back to the reality of a slow economy and high unemployment. Though holiday shoppers opened their wallets for the season, increasing buying as much as 5.5 percent from 2009 according to SpendingPulse, the reality is unemployment is hovering at 9.8 percent and the nation's gross domestic product was up just 2.6 percent in the third quarter, with minuscule increases in personal income. ... Continue Reading... Post a Comment | Share | Print Italian sparkling wine outsells champagne PARIS (UPI) -- Italian sparkling wines outsold France's famed champagne this year by about 10 million bottles, the Italian winemakers' group says. Assoenologi estimated global sales of spumante and similar wines collectively known as "bollicine" at 380 million bottles, France 24 reported. Coldiretti, an Italian agricultural association, said exports of spumante and prosecco, the most popular Italian sparkling wines, were up 17 percent in the first nine months of 2010. ... Continue Reading... Post a Comment | Share | Print Europe's ban on animal testing delayed LONDON (UPI) -- A British member of Parliament said the cosmetic industry is dragging its feet when it comes to finding alternatives to animal testing of cosmetic ingredients. Neil Parish, chairman of a parliamentary group for animal welfare, said it is unlikely a Europe-wide ban on the sale of cosmetics tested on animals will become a reality until 2017, four years later than expected, The Guardian reported. "For too long the cosmetics industry has dragged its feet when ... Continue Reading... Post a Comment | Share | Print Advertisement Discover the Secrets to America's Most Wanted Recipes Free Paula Deen 12-Piece Cookware Set Britons facing economic challenges LONDON (UPI) -- The average family of four will be worse off by nearly $6,000 in 2011 than in 2010, research by a British newspaper said. The Guardian said a combination of higher prices, lower benefits and pay freezes will make it difficult for many people to cope during the global recession. The newspaper said a family of four will pay more than $450 more for food in 2011 and that the rising cost of living will push many people to the brink of bankruptcy. "The ... Continue Reading... Post a Comment | Share | Print     More Headlines • Ruling could hurt Bank of America • Furor reverses Bolivian fuel increases • TW, Sinclair extend cable fee talks • Estonia swaps kroons currency for euro     More News From ArcaMax Current News Entertainment News Business News Sports Political News Weird News Religious News Lifestyles

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