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Financial Services Roundtable tabs Pawlenty as CEO

Submitted by Fox First at Ten on September 20th

WASHINGTON (AP) - The Financial Services Roundtable, a trade group representing 100 of the world's biggest financial companies, on Thursday named former Minnesota Gov. Tim Pawlenty its new president and CEO. Pawlenty will take over the key lobbying post for the financial services industry on

Trulia shares climb in debut on NYSE

Submitted by Fox First at Ten on September 20th

SAN FRANCISCO (AP) - Shares of Trulia Inc. jumped more than 40 percent in their first day of trading on the New York Stock Exchange, marking one of the biggest gains in a trading debut in recent months. The San Francisco-based real estate website operator's shares opened at $22.10 Thursday

Measure of future US activity fell in August

Submitted by Fox First at Ten on September 20th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - A measure of U.S. economic activity declined in August for the second time in three months, suggesting the economy remains weak. The Conference Board says its index of leading indicators, designed to forecast future economic activity,

News Summary: Weekly US unemployment claims dip

Submitted by Fox First at Ten on September 20th

By The Associated Press APPLICATIONS FALL: The number of Americans seeking unemployment benefits fell by 3,000 last week to a seasonally adjusted 382,000, the Labor Department said. UPWARD TREND: The four-week average, a less volatile measure, rose for the fifth straight week to 377,750. That

Report: Bank of America to speed job cuts

Submitted by Fox First at Ten on September 20th

NEW YORK (AP) - A published report says Bank of America is accelerating a cost-cutting plan and aims to eliminate 16,000 jobs by the end of the year. The cuts are part of a previously announced plan by the bank to cut 30,000 jobs. The Wall Street Journal cites a document given to top management at

Exxon spends $1.6B on North Dakota field

Submitted by Fox First at Ten on September 20th

By The Associated Press Exxon Mobil Corp. will spend $1.6 billion to boost its holdings in the massive Bakken oil field in North Dakota and Montana by 50 percent. Exxon said Thursday it will buy all of the Bakken shale assets held by Denbury Resources Inc. for $1.6 billion in cash. Denbury will

How US states fared on jobless aid applications

Submitted by Fox First at Ten on September 20th

By The Associated Press The number of Americans applying for unemployment benefits last week fell only slightly to 382,000. The level suggests hiring remains sluggish. Here are the states with the biggest changes in unemployment aid applications. The state level data are for the week that ended

Liberty Global to buy rest of Telenet for $2.56B

Submitted by Fox First at Ten on September 20th

ENGLEWOOD, Colo. (AP) - Liberty Global Inc. says it wants to buy the rest of Belgian cable TV provider Telenet Group Holding NV for about $2.56 billion. The Englewood, Colo.-based broadband Internet and telephone provider has been the Belgian cable provider's controlling shareholder since 2007

Weekly US unemployment benefit applications dip to 382,000, a level that signals weak hiring

Submitted by Fox First at Ten on September 20th

WASHINGTON (AP) - Weekly US unemployment benefit applications dip to 382,000, a level that signals weak hiring. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

US unemployment claims fell last week to 382,000

Submitted by Fox First at Ten on September 20th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The number of Americans seeking unemployment benefits fell only slightly last week to a seasonally adjusted 382,000. The level suggests hiring remains weak. The Labor Department said Thursday that applications declined by 3,000 from