Linda Young – AHN News Writer Washington, DC, United States (AHN) – First-time jobless claims rose back up but remained below the critical 400,000 mark during the week ending Nov. 19. Initial claims for unemployment benefits had dipped to a 7-month low during the previous week. Some 393,000 claims were filed by newly jobless Americans, [...]

Linda Young – AHN News Writer Cairo, Egypt (AHN) – Credit ratings agency Standard & Poor’s (S&P) announced on Thursday that it has cut Egypt’s sovereign debt rating because of further deterioration in the country’s already “weak political and economic profile.” S&P cut Egypt’s rating from BB- to B+ with a negative outlook, which suggests [...]

Vittorio Hernandez – AHN News Manhattan, NY, United States (AHN) – Convicted hedge fund manager Raj Rajaratnam will soon serve his 11-year sentence for insider trading at a federal prison medical center in Massachusetts, reports said. U.S. District Judge Richard Holwell initially ordered the 54-year-old Rajaratnam to report Dec. 5 at the Federal Correctional Complex [...]

Linda Young – AHN News Writer Washington, DC, United States (AHN) – New jobless claims remained above the 400,000 mark for the week ending Oct. 8, according to the U.S. Department of Labor. However, the 404,000 initial unemployment compensation claims filed for the week was slightly down, representing a drop of 1,000 claims from the [...]

Diane Alter – AHN News Reporter Tampa, FL, United States (AHN) – Hi Ho Silver! The SS Gairsoppa was carrying seven million ounces of silver when it was sunk during World War II. The 412-foot steel-hulled ship was torpedoed while in the service of the Military of War Transport. On Monday, Odyssey Marine Exploration of [...]

Linda Young – AHN News Writer Washington, DC, United States (AHN) – Fewer Americans filed initial jobless claims during the week ending Sept. 17, but their numbers still stayed above the crucial 400,000 mark, according to the United States Labor Department. DOL officials say the advance figure for seasonally adjusted initial claims was 423,000, a [...]

Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – U.S. stocks continued to rally on Thursday pushing stocks higher for the fourth consecutive day. Investors shrugged off data that showed jobless claims for the prior week surged, reports the Philly Fed Index declined to a worse than expected negative 17.5, [...]

Jupiter Kalambakal – AHN News Reporter New York, NY, United States (AHN) – Oil prices at the opening of electronic trading at the New York Mercantile Exchange plummeted Friday morning over the failure of the United States government to generate jobs in August. Analysts have expressed concern that the jobless rate, which stagnated last month [...]

Jupiter Kalambakal – AHN News Reporter New York, NY, United States (AHN) – Steve Jobs’ resignation as Apple CEO, speculation on Federal Reserve Chairman Ben Bernanke’s upcoming economic stimulus plan and rising claims for jobless benefits has weakened the United States stock market during Thursday morning’s trade. The Dow Jones Industrial Average fell by 54 [...]

Jupiter Kalambakal – AHN News Reporter Chicago, IL, United States (AHN) – United-Continental, the world’s largest airline, will replace the flight manuals of pilots with iPads, around 11,000 units of the Apple tablet computer. The rollout is an investment estimated at $5 million, but the move is expected to save about $1 million in costs [...]