Business

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Ala. jobless rate rises to 10.9 percent in October

AP News 3 hours ago

Alabama unemployment rate rises to 10.9 percent in October, highest in more than 25 years Just two years after hitting a record low, the unemployment rate in Alabama climbed to 10.9 percent in October, the highest it has been in more than ...

Rio's Cloud Peak down in debut, others fare better

Reuters US Online Report Business News 4 hours ago

NEW YORK (Reuters) - Investors bet on growth in the IPOs of a Chinese hotel chain and an online education company on Friday, but were less enthusiastic about a spin-off of mining giant Rio Tinto. Rio Tinto's U.S. coal-mining spin-off, Cloud Peak ...

Flurry of IPOs signals IPO rebound to continue

AP News 4 hours ago

Busy week for IPOs signals there's more to come, but investors remain picky about placing bets The flurry of initial public offerings this week is confirmation that this fall's rebound in the market wasn't a fluke and sets the stage for more ...

UPS sets new rates for 2010

AP News 4 hours ago

UPS rates for ground, air express to increase in 2010; Fuel surcharge tables to be adjusted UPS Inc., the world's largest shipping carrier, is hiking 2010 rates for ground packages by an average of 4.9 percent. The company, based in Atlanta, said ...

Business events scheduled for the coming week

AP News 4 hours ago

Business events and economic reports scheduled for the coming week WASHINGTON — National Association of Realtors releases existing home sales for September, 10 a.m. WASHINGTON — Ken Feinberg, Special Master for Executive Compensation, at the National Press Club at noon. CAMDEN, N.J. ...

Colo. jobless rate dips to 6.9 percent in October

AP News 4 hours ago

Colorado's unemployment rate declines slightly to 6.9 percent in October from prior month A shrinking labor force and about 1,000 new jobs have helped put Colorado's latest seasonally adjusted unemployment rate for October at 6.9 percent, a slight decrease from the previous ...

Verigy shares rise on better-than-expected 4Q

AP News 4 hours ago

Verigy shares rise after 4th-quarter loss, revenue top forecasts Shares of Verigy Ltd. rose Friday after the maker of chip testing equipment turned in a stronger-than-expected performance in the fourth quarter. Late Thursday, Verigy reported a net loss of $12 million, or ...

US newspaper ad revenue down nearly 28 percent

AFP Global Edition 4 hours ago

US newspaper advertising revenue fell by nearly 28 percent in the third quarter, continuing a slide which has led to layoffs, bankruptcies and the closure of several dailies. Print and online advertising revenue declined to 6.4 billion dollars in the third quarter ...

Oil prices wobble on recovery concerns

AFP Global Edition 4 hours ago

Oil prices remained depressed Friday amid a strengthening dollar and concerns over sustainable economic recovery. New York's main contract, light sweet crude for December delivery, dropped 74 cents to end the week at 76.72 dollars after slumping by more than two dollars ...

New questions arise in Pequot trading probe

AP News 5 hours ago

New wrinkle in insider-trading probe of Pequot hedge fund raises questions on SEC case A new development related to the government's investigation of possible insider trading at a major hedge fund has raised questions in the case and caught the attention of ...

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