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Wednesday, January 12, 2022 6:36 PM

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NEW YORK, Jan. 12 (UPI) -- U.S. markets climbed higher Wednesday following Asia and Europe, where stocks posted positive numbers.

A government bond auction in Portugal with strong demand helped set the tone. As the euro flirts with four-month lows against the dollar, support for Portuguese bonds signaled, temporarily, the country may avoid having to reach for an international bailout.

In its periodic Beige Book report, the U.S. Federal Reserve pointed to a "modest to moderate" recovery, which gave markets a late boost.

By close on Wall Street, the Dow Jones industrial average gained 83.56 points, 0.72 percent, to 11,755.44. The Standard & Poor's 500 index added 0.9 percent, 11.48, to 1,285.96. The Nasdaq composite index rose 0.75percent, 20.50, to 2,737.33.

On the New York Stock Exchange, 2,158 stocks advanced and 854 declined on a volume of 4 billion shares traded.

The 10-year treasury note lost 7/32 to yield 3.367 percent.

The euro rose to $1.3133 from Tuesday's $1.298. Against the yen, the dollar fell to 82.96 yen from Tuesday's 83.21 yen.

In Tokyo, the Nikkei 225 index was flat, gaining 0.02 percent, 2.12, to 10,512.80.

In London, the FTSE 100 index added 0.25 percent, 15.03, to 6.029.06.

Beige Book, the musical: Fed sees gains

WASHINGTON, Jan. 12 (UPI) -- The U.S. economy continues to climb toward a modest recovery, the Federal Reserve said Wednesday in its periodic Beige Book report.

The Fed, which releases the report eight times a year, said "economic activity continued to expand moderately" November through December, pushing its terminology to describe economic activity in its Cleveland, Atlanta, Chicago, St. Louis, Kansas City and Dallas districts as improving "modestly to moderately." In San Francisco, the report said, economic conditions "firmed further."

The Fed said risks remain. In Boston, Atlanta and Dallas, "business remained weak for manufacturers selling into the construction sector." Across the country, "Residential real estate markets remained weak," the report said. The sentiment among businesses is "still generally cautious," said the report, which shies away from numerical data.

The Fed said the holiday shopping season showed improvement this year and "automobile sales were either steady or up in eight Districts (out of 12) during the reporting period."

"Tourism was characterized as positive or improved in the Richmond, Atlanta, Minneapolis, Kansas City and San Francisco districts," the report said.

As a bonus, "New York City's Broadway theaters reported increased attendance and revenue compared with the 2009 holiday season," the report said.

How not to interview for a job

CHICAGO, Jan. 12 (UPI) -- Taking a call, hugging the interviewer and forging a diploma made it onto a list of worst interview blunders for 2010, a U.S. career research firm said.

In a nationwide survey of more than 2,400 hiring managers, CareerBuilder said Wednesday the most outrageous mistakes made in interviews last year included discussing how an affair caused a previous job to end, having a friend interrupt the interview to ask "how much longer?" and wearing a hat that said "take this job and shove it."

The most commonly cited pet peeve of job interviewers was someone answering a cellphone or texting during the interview, mentioned by 71 percent of hiring managers, CareerBuilder said.

An equal share of hiring managers in the survey (69 percent) indicated inappropriate dress and appearing disinterested were the most common mistakes.

Acting arrogant, speaking disrespectfully about past employers and chewing gum also ranked high on the list of common mistakes.

Singled out in the outrageous category was "Threw his beer can in the outside trashcan before coming into the reception office," CareerBuilder said.

The survey involved 2,482 interviews taken by Harris Interactive (NASDAQ:HPOL) between Nov. 15 and Dec. 2 last year.

The survey results carry a margin of error of plus and minus 1.97 percentage points.

Microsoft argues App Store is too generic

SEATTLE, Jan. 12 (UPI) -- U.S. software giant Microsoft (NASDAQ:MSFT) Corp. said rival Apple Inc. (NASDAQ:AAPL) had no rights to a trademark for the words App Store, as both are generic.

Apple filed for a trademark on the term in July 2008, AppleInsider reported Wednesday. Microsoft has filed to block the trademark, saying the "undisputed facts" prove the terms "apps" and "store" are of such common use that they should not be controlled by one firm.

Apple has sent letters to companies demanding they change names in some cases, Microsoft asserts. Yet, in the filing to block the trademark, Microsoft quotes Apple Chief Executive Officer Steve Jobs using the term in generic fashion, saying, "There will be at least four app stores on (rival operating system) Android which customers must search through to find the app they want and developers will need to work to distribute their apps and get paid."

"Microsoft would like the ability to use 'app store' to fairly describe its own retail store services for apps, but Apple asserts that such uses are infringements of its rights," Microsoft's filing says.

Microsoft opened Marketplace, its online rival to Apple's App Store, in 2010.

(Source: UPI )
(Source: Quotemedia)


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