All Latest News Wires
Jobless rate falls below 8 percent for the first time in nearly four yearsThe US unemployment rate fell to 7.8 percent in September, the lowest unemployment rate in 44 months. The economy also created 86,000 more jobs in July and August than first estimated.
American Airlines cancels nearly 100 flights to fix loose seatsAmerican Airlines has found a fix for loose passenger seats, it says. But American Airlines still had to cancel 50 flights on Thursday and 44 on Friday to make the repairs.聽
Zynga, maker of 'FarmVille,' expects 3Q lossZynga expects net loss of 12 to 14 cents a share, after taking a charge of $85 million or more on its purchase of flailing OMGPop. Zynga shares lose 18 percent in after-hours trading.聽
California gas prices surge: 20 cents overnight in some placesCalifornia gas prices are soaring because of聽refinery outages and pipeline problems. Gas prices at some Los Angeles stations now top $5 a gallon.
Maple syrup seized. Is Quebec heist solved?Maple syrup seized in New Brunswick is said to be related to last month's mysterious heist in Quebec. Some 600 barrels of maple syrup seized and headed back to Quebec under police escort.
Stocks climb after jobless claims reportA better-than-expected jobless claims report pushed stocks higher Thursday.聽The major stock market indexes have climbed steadily higher to start October.
Starbucks launches new app function for 'digital tipping'Starbucks says a digital tip function will be added to its mobile payment application starting next summer. A similar option will also be available on Starbucks' new payment app, 'Square.'
Jobless claims hit 367K last weekJobless claims in the US increased last week by 4,000, to a seasonally adjusted 367,000. Economists say the rise in jobless claims is no indication that the labor market is crumbling.聽
Stocks up despite Hewlett-Packard plungeStocks rose slightly Wednesday despite a drop in energy stocks and Hewlett-Packard's 13 percent drop in stock price.聽
T-Mobile, MetroPCS merger confirmedT-Mobile USA and MetroPCS Communications are set to merge, in a deal that will create an operator with more than 40 million subscribers.聽Both T-Mobile and Metro PCS have struggled in the highly-competitive US cellphone market.
ADP: US added 162,000 jobs in SeptemberADP survey showed that聽US businesses added fewer workers in September than August, a sign that slow growth may be holding back hiring. The economy added 162,000 jobs last month, down from 189,000 in August, according to ADP.
Kraft spinoff splits food giant in twoKraft spinoff of its global snack operation will mean that brands including Oreo and Nabisco will be under a new label called Mondelez International Inc.聽The North American grocery division will carry the Kraft name after the Kraft spinoff and include Velveeta, Miracle Whip and Oscar Mayer.
LinkedIn 'influencers': Obama, Romney offer insight in new featureLinkedIn is launching 'influencers,' a feature that will encourage users of the professional networking site to聽sign up to follow the musings and advice of a panel of luminaries including Barack Obama, Mitt Romney, and Richard Branson. LinkedIn hopes聽the feature will help it extend its clout beyond the help-wanted market.
Weak demand for fertilizer tugs at stocksA drop in demand from China and India hurt the profits of聽Mosaic, the US's largest fertilizer company.聽But utilities and health care聽stocks helped pull the S&P 500 above the break-even mark.
Smoked salmon blamed for salmonella outbreak in US, NetherlandsSmoked salmon tainted with salmonella has sparked a major recall in the Netherlands and the United States. Traced back to a Dutch company, the recalled smoked salmon is only available in the US through wholesaler Costco.聽
American Airlines: Loose seats prompt emergency landing, investigationAmerican Airlines is being investigated by the Federal Aviation Administration following聽two incidents in which passenger聽seats聽came聽loose聽midflight on American Airlines planes in the last three days. The loose seats caused one flight to make an emergency landing in New York.聽
Markets buoyed by US manufacturing, but Spain is still a dragFinancial markets across the globe continued to ride the wave of good US economic news Tuesday morning, despite concerns in Greece and Spain. In the US, markets are poised for a strong opening, but analysts are waiting for key economic data to be released this week.聽
September manufacturing growth lifts stocksStocks got a boost from the latest manufacturing report, which showed growth in September. The manufacturing report came out half an hour after trading began, and sparked Monday's jump in stock prices.
IKEA deletes women from Saudi catalog; draws criticismIKEA, the Swedish furniture retailer, is drawing fire聽for deleting images of women from the Saudi version of its catalog, a move that IKEA says it regrets.
Housing prices: Are short sales in danger?As housing prices recover, short sales have become an increasingly popular escape route for indebted homeowners. But the future of short sales depends on a tax cut extension from Congress that may or may not come, and realtors argue that housing prices haven't rebounded enough for many homeowners to afford their debt forgiveness as a tax.聽
