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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 This material may not be published, broadcast, rewritten or redistributed.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

US stocks follow global markets lower

Submitted by Fox First at Ten on September 20th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - A batch of worrying economic figures tugged stock markets slightly lower Thursday. Measures of manufacturing and business activity in both China and Europe slumped. In the U.S., the railroad Norfolk Southern warned that it's shipping fewer

Doritos Super Bowl contest teams with Michael Bay

Submitted by Fox First at Ten on September 20th

By MAE ANDERSONAssociated Press NEW YORK (AP) - Doritos is upping the prize for its annual "Crash the Super Bowl" contest, bringing in Michael Bay, a big name movie director who is no stranger to crashes himself. The Frito Lay snack chip brand's seventh annual contest allows viewers to

Doritos Super Bowl contest teams with Michael Bay

Submitted by Fox First at Ten on September 20th