By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Average U.S. rates on fixed mortgages ticked up from record lows last week. Cheaper mortgages are fueling a modest housing recovery that could help the broader economy.
Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan
NEW YORK (AP) - Stocks are opening higher after better-than-expected job numbers.
The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years. Economists also look at the four-week average, and that hit a six-month low.
By CANDICE CHOIAP Food Industry Writer
NEW YORK (AP) - Safeway Inc. is betting that its investment in a new customer loyalty program will eventually pay off, as the supermarket operator looks to fend off big-box retailers and other competitors that are expanding their grocery aisles.
DUBAI, United Arab Emirates (AP) - An indebted property division of Dubai World behind plans to dig a massive canal through the Dubai desert says it has completed a deal to rework the terms on $1.2 billion of loans.
The company, Limitless, said on Thursday that with the debt restructuring deal
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The U.S. trade deficit widened in August from July because exports fell to the lowest level in six months. The wider deficit likely dragged on already-weak economic growth.
The deficit grew 4.1 percent to $44.2 billion in August, the
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - Declining applications for unemployment benefits have typically pointed to stronger hiring.
Not so much anymore.
Since the U.S. recession officially ended in June 2009, fewer layoffs have meant fewer people seeking unemployment aid. On
By The Associated Press
NEW YORK (AP) - Alaska Airlines is buying 50 of Boeing Co.'s new 737s in a deal worth $5 billion at sticker prices.
Alaska, operated by Seattle's Alaska Air Group Inc., won't pay full price. Major airline customers commonly get discounts. The order is the
NEW YORK (AP) - Stock futures rebounded strongly Thursday on better-than-expected employment numbers that will likely provide some optimism to millions of U.S. job seekers.
The number of Americans seeking unemployment aid plummeted last week to seasonally adjusted 339,000, the Labor Department said
By PETER SVENSSONAP Technology Writer
NEW YORK (AP) - Japanese cellphone company Softbank Corp. was in talks Thursday about taking a substantial ownership stake in struggling U.S. carrier Sprint Nextel Corp.
Sprint, the third-largest cellphone company in the U.S., said the deal could be big
By NICHOLAS PAPHITISAssociated Press
ATHENS, Greece (AP) - Unemployment in Greece hit a record high of 25.1 percent in July as the country's financial crisis continues to exact its heavy toll, official figures showed Thursday.
All indications are that unemployment in Greece will continue to