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US unemployment aid applications stay at 370,000
 The number of people seeking U.S. unemployment benefits was unchanged last week, suggesting modest but steady gains in the job market.
05/17/2012 - 09:20 AM
CA museum gets big gift to build shuttle exhibit
 The California Science Museum said it has raised nearly half of the $200 million needed to build a permanent exhibit for the space shuttle Endeavour.
05/17/2012 - 09:15 AM
Human Genome board adopts 'poison pill' measure
Biotech drugmaker Human Genome Sciences Inc.'s board has adopted a "poison pill" shareholder rights plan to ward off unsolicited takeover bids, and it also has rejected a buyout offer worth nearly $2.6 billion from British pharmaceutical giant GlaxoSmithKline plc.
05/17/2012 - 09:14 AM
Wal-Mart posts strong profit as U.S. sales jump
 (Reuters) - Wal-Mart Stores Inc posted a better-than-expected quarterly profit on Thursday as more people shopped its established U.S. discount stores and spent more money. The world's largest retailer, which was recently rocked by allegations of bribery in Mexico, earned $1.09 per share from continuing operations, compared with a profit of 98 cents a year earlier. An earlier Easter and warmer weather contributed to the gains, the company said. Wal-Mart had forecast earnings per share of $1.01 to $1.06. Analysts, on average, expected it to earn $1. ...
05/17/2012 - 09:13 AM
'Ring of Fire' eclipse visible from China to Texas
 Sunrises and sunsets often dazzle, but they'll have a special ring to them in a few days for people in the western United States and eastern Asia: The moon will slide across the sun, blocking everything but a blazing halo of light.
05/17/2012 - 09:08 AM
US jobless claims flat, but still trending lower
 New claims for US unemployment benefits were unchanged last week from the week before amid a slowly recovering jobs market, official data showed Thursday.
05/17/2012 - 09:07 AM
Berkshire Hathaway buying Media General newspapers
 (Reuters) - Warren Buffett's Berkshire Hathaway is making another bet on the newspaper industry, with a deal to buy the majority of Media General Inc papers for $142 million in cash. Buffett's Berkshire Hathaway Inc also agreed to loan $400 million to the company, which also owns television stations, and provide a $45 million credit line. Media General will also issue warrants for approximately 4.6 million Class A shares, representing 19.9 percent of Media General's existing shares outstanding. The 63 daily and weekly newspapers scattered throughout the U.S. ...
05/17/2012 - 09:07 AM
Instant View: Jobless claims hold steady at 370,000
NEW YORK (Reuters) - New U.S. claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs growth. COMMENTS: DOUG ROBERTS, CHIEF INVESTMENT STRATEGIST, CHANNEL CAPITAL RESEARCH.COM, SHREWSBURY, NEW JERSEY "What we're seeing is a deterioration. This is further confirmation that it (earlier improvement) was largely due to the warm weather, it might have been due to the manufacturing surge we had last year." ELLEN ZENTNER, SENIOR U.S. ...
05/17/2012 - 09:04 AM
Jobless claims steady, labor worries persist
 WASHINGTON (Reuters) - New claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs growth. Initial claims for state unemployment benefits held steady at a seasonally adjusted 370,000, the Labor Department said. The prior week's figure was revised up to 370,000 from the previously reported 367,000. Economists polled by Reuters had forecast claims falling to 365,000 last week. ...
05/17/2012 - 09:04 AM
Futures mixed on jobs data as Europe churns
 Stock futures wavered Thursday, with unease about Europe overshadowing another positive U.S. employment report and also some big numbers from retailers, including the world's largest.
05/17/2012 - 09:04 AM
Marion Cotillard in Cannes film 'Rust and Bone'
Jacques Audiard's new movie features poverty, bare-knuckle fighting and a killer whale attack — yet the French director says it's a sunny romance.
05/17/2012 - 09:04 AM
Hellickson keys Rays' 2-1 win over Boston
 A scary situation involving Tampa Bay second baseman Will Rhymes overshadowed another strong outing by Rays right-hander Jeremy Hellickson.
05/17/2012 - 09:02 AM
No deposit flight at Bankia: Spain government official
MADRID (Reuters) - Spain's Economy Secretary said on Thursday there had not been an exit of deposit funds from troubled bank Bankia. "It's not true that there is an exit of deposits at this moment from Bankia," said Economy Secretary Fernando Jimenez Latorre. El Mundo newspaper earlier reported that Bankia had lost over 1 billion euros ($1.27 billion) in deposits, around 1 percent of retail and corporate accounts, over the past week. ($1 = 0.7849 euros) (Reporting By Paul Day, Editing by Sonya Dowsett)
05/17/2012 - 09:00 AM
High funding costs threaten Spain's robust exports
MADRID (Reuters) - Spain's small and medium-sized exporters are struggling to compete with European rivals due to high borrowing costs, as fallout from the country's banking crisis hurts one of the few bright spots in a contracting economy. From ceramic tile makers to chemicals producers and conveyor belt manufacturers, they say credit is too expensive or simply unavailable, even though exporters appear at first sight to be healthy. Since the crisis year of 2008, Spanish exports have grown faster than those of any other euro zone country except Estonia, according to banking group BBVA. ...
05/17/2012 - 09:00 AM
Spain beset by bank crisis, recession, bond pressure
 MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports of an outflow of deposits from nationalized Bankia hammered its share price. The Spanish Treasury had to pay around 5 percent to attract buyers of three- and four-year bonds. The longer-dated paper sold with a yield of 5.106 percent, way above the 3.374 percent the last time it was auctioned. "This ... ...
05/17/2012 - 09:00 AM
Sears Holdings returns to a profit in 1st quarter
Sears Holdings Corp. returned to a first-quarter profit, benefiting from a gain on the sale of some stores.
05/17/2012 - 08:59 AM
Buffett's Berkshire to buy Media General papers
Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc.
05/17/2012 - 08:56 AM
A clown at Cannes: Bill Murray at the Riviera fest
 Clad in a plaid jacket that could have come out of Rodney Dangerfield's wardrobe in "Caddyshack," Bill Murray clashed with traditional Cannes fashion but made the most of the film festival in every other way.
05/17/2012 - 08:55 AM
Spain borrowing rates rise, bank shares slide
 Spain paid sharply higher interest rates in a debt auction on Thursday, reflecting concerns the country will be caught up in the fallout of the Greek crisis, as a recently nationalized Spanish bank's shares plummeted after a newspaper said depositors were rushing to withdraw money.
05/17/2012 - 08:55 AM
Wal-Mart's 1Q profit up 10.1 percent
Wal-Mart Stores Inc. reported a 10.1 percent increase in first-quarter profit that beat Wall Street estimates as its re-emphasis on low prices drove bargain-hungry U.S. shoppers into its stores. The world's largest retailer also offered an upbeat profit outlook for the current quarter.
05/17/2012 - 08:48 AM
Coroner: Reality TV star died of natural causes
 Authorities in Louisiana say a man who starred in the reality television show "Swamp People" died from natural causes.
05/17/2012 - 08:46 AM
Manny Pacquiao denounces anti-gay allegations
 Manny Pacquiao says he loves and supports gays and lesbians, even though he does not approve of gay marriage.
05/17/2012 - 08:45 AM
Rodin Museum in Philadelphia to reopen in July
 The Rodin Museum in Philadelphia is getting ready to reopen after three years of renovations.
05/17/2012 - 08:42 AM
Horrors of Srebrenica set out at Mladic trial
 THE HAGUE (Reuters) - Prosecutors in the genocide trial of Serb general Ratko Mladic on Thursday described five days of terror in the Bosnian enclave of Srebrenica in July 1995, when troops under his command massacred more than 7,000 unarmed Muslim boys and men. Mladic, 70, sat listening with his back to the public after being warned at the start of his trial on Wednesday for making a throat-slitting gesture to a relative of Srebrenica victims. ...
05/17/2012 - 08:40 AM
Coffee buzz: Study finds java drinkers live longer
 One of life's simple pleasures just got a little sweeter. After years of waffling research on coffee and health, even some fear that java might raise the risk of heart disease, a big study finds the opposite: Coffee drinkers are a little more likely to live longer. Regular or decaf doesn't matter.
05/17/2012 - 08:37 AM
Pakistani air force planes crash, 4 pilots killed
 Two Pakistani air force planes crashed in a residential area in northwestern Pakistan on Thursday, killing all four pilots on board and injuring five people on the ground, police said.
05/17/2012 - 08:37 AM
El Nino could cut global 2012/13 cocoa output: ICCO
 LONDON (Reuters) - Possible El Nino weather conditions later this year could exacerbate a potential global cocoa deficit in the coming 2012/13 season, causing prices to climb, the International Cocoa Organization (ICCO) said. "We know that when we have El Nino conditions it's likely that this will impact negatively on world cocoa production. We would have less production and this would have an impact on price," ICCO statistician Laurent Pipitone told Reuters. ...
05/17/2012 - 08:36 AM
France's new Socialist govt gets down to work
 Members of France's new Socialist-led government will promise Thursday to take a pay cut, a gesture of shared sacrifice by leaders who must now both reduce the country's massive debts and tackle spiraling unemployment.
05/17/2012 - 08:36 AM
Applications for US unemployment aid stay at 370,000, level consistent with steady job growth
Applications for US unemployment aid stay at 370,000, level consistent with steady job growth.
05/17/2012 - 08:32 AM
Zimbabwe sees lower growth, higher inflation in 2012
 HARARE (Reuters) - Zimbabwe's may cut its economic growth projections for this year, while inflation forecasts could be higher than previously expected, Finance Minister Tendai Biti said on Thursday. Since 2009, the southern African country has been recovering from a decade of decline, but the economy remains fragile with coalition government partners President Robert Mugabe and Prime Minister Morgan Tsvangirai bickering over policy. Last year Biti projected the economy was expected to grow by 9.4 percent in 2012, driven by strong performances in mining and agriculture. ...
05/17/2012 - 08:32 AM
HSBC doubles turnaround target to $2 billion
 HONG KONG/LONDON (Reuters) - HSBC doubled the annual revenue boost expected from its turnaround plan to $2 billion, as Europe's biggest bank picks 22 markets to drive its growth and eyes more cost cutting to cope with new regulations in the wake of the financial crisis. Chief Executive Stuart Gulliver said on Thursday that, one year into a three-year recovery plan, HSBC was on target to meet profitability and cost savings targets. ...
05/17/2012 - 08:32 AM
AP Photos: Kruger shines on Cannes red carpet
 Diane Kruger must have arrived in France with a lot of luggage. On Wednesday, Day 1 of the 12-day Cannes Film Festival, Kruger, a member of the prestigious jury, turned up in two different outfits.
05/17/2012 - 08:32 AM
Insight: Greek exit could cost eurozone 100s of billions of euros
 FRANKFURT (Reuters) - A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill. A Greek departure would take Europe into uncharted legal waters. The size of the burden other euro zone states could bear gives them a powerful incentive to keep Greece in the currency club. ...
05/17/2012 - 08:29 AM
Portugal's lenders to visit as Greek turmoil rocks EU
LISBON (Reuters) - Portugal's international lenders will begin a visit to assess progress on the country's 78 billion euro bailout program next Tuesday, the government said, as fears of new contagion and a Greek exit from the euro zone grip Europe. The Diario Economico business newspaper said on Thursday, without citing sources, that the mission was also likely to prepare a contingency plan for Portugal in case Greece leaves the euro zone. But a European Commission source dismissed the report. "There is no intention to discuss any type of contingency plans for Portugal. ...
05/17/2012 - 08:29 AM
Senate Democrats reject House GOP budget plan
Democrats controlling the Senate rejected for the second year in a row Wednesday a budget plan passed by House Republicans.
05/17/2012 - 08:28 AM
Oil dips further below $93 on euro crisis concern
Oil prices edged further below $93 a barrel on Thursday, extending a sharp two-week sell-off, as traders monitored Europe's debt crisis and its potential impact on global growth.
05/17/2012 - 08:28 AM
Detroit pastor Marvin Winans assaulted, carjacked
 Popular Detroit pastor and gospel singer Marvin Winans was assaulted and carjacked Wednesday afternoon at a gas station on the city's west side.
05/17/2012 - 08:24 AM
Romney, Republican Party raise $40M in April
Republican presidential challenger Mitt Romney and his party raised a combined $40.1 million in April.
05/17/2012 - 08:22 AM
Leading insurer pays $109M for dog bite claims
 Dog bites man does not get a lot of attention in the news, but it costs insurance companies hundreds of millions in claims every year.
05/17/2012 - 08:15 AM
Barnes Foundation opening in new Philly location
 After years of bitter court fights, The Barnes Foundation opened its doors Wednesday for a sneak peek at its new location on the museum-studded Benjamin Franklin Parkway.
05/17/2012 - 08:11 AM
Featured article: Develop Your Personal Branding for the Corporate World
Personal branding is essential whatever level you may belong to, in the corporate setting. With increased globalization, the popularity of social media and rapid advancement of technology, the competition for available jobs has become so intense. Hence each one, whether a would-be employee or a small business owner, must find away to stand out.
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