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  • Applications for US jobless aid tick up to 287,000

    WASHINGTON (AP) — The number of people seeking unemployment benefits rose slightly last week, but remained at historically low levels that signal a strengthening job market. Weekly applications increased 3,000 to a seasonally adjusted 287,000, the Labor Department said Thursday. The four-week average, a less volatile measure, declined 250 to...

  • Average US 30-year loan rate up to 3.98 pct.

    WASHINGTON (AP) — Average U.S. long-term mortgage rates arrested their five-week decline this week but the benchmark 30-year loan remained below 4 percent. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage rose to 3.98 percent from 3.92 percent last week. It remained at its lowest level since June 2013....

  • Hazmat suit maker Lakeland ramps up production

    Shares of Lakeland Industries jumped nearly 30 percent Thursday after the protective suit maker estimated that the Ebola crisis has led to orders for about 1 million suits and other gear on top of that. The company said it's on track to double its monthly production capacity for its ChemMAX and MicroMAX protective suits by January. Capacity...

  • Kellogg's cereal sales fall yet again

    BATTLE CREEK, Mich. (AP) — Kellogg reported a lower quarterly profit Thursday as cereal sales fell again in the U.S. The company, which makes Frosted Flakes, Pop Tarts and Eggo, said core sales in its cereal division declined 4.7 percent. To turn around its performance, CEO John Bryant said the company planned to revamp its Special K line,...

  • Yellen: Awareness of economists' diversity needed

    WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says she wants to raise awareness of the need for diversity among economists, with relatively few women and minorities still choosing to major in economics in college. Yellen, who is the first woman to head the central bank in its 100-year history, was speaking Thursday at a conference on...

  • Zimmer will become Zimmer Biomet after acquisition

    NEW YORK (AP) — Orthopedic device maker Zimmer said Thursday it will be called Zimmer Biomet after its combination with privately held competitor Biomet. The companies announced in April that Zimmer would acquire Biomet in a cash-and-stock deal that they valued at $13.35 billion including Biomet's debt. Zimmer shareholders will own about 84...

  • Marlboro maker Altria's 3Q profit up slightly

    RICHMOND, Va. (AP) — Marlboro maker Altria Group Inc.'s profit rose slightly the third quarter as higher prices helped to offset decline in the number of cigarettes it sold. The owner of the nation's biggest cigarette maker, Philip Morris USA, posted earnings Thursday of $1.397 billion, or 71 cents per share. That's down slightly from $1.396...

  • US stocks are mixed in early trading

    NEW YORK (AP) — U.S. stocks are opening mixed as investors look over more earnings reports from big companies. Broad market indicators were mostly lower. The Standard & Poor's 500 index fell two points, or 0.1 percent, to 1,980 as of 9:35 a.m. Thursday. The Dow Jones industrial average, which consists of just 30 blue-chip stocks, was higher...

  • MasterCard thrives in 3Q as Americans spend again

    PURCHASE, N.Y. (AP) — MasterCard's third-quarter net income rose thanks to continued volume growth as Americans grow more confident about the economy and appear less hesitant to use credit cards. The performance beat Wall Street expectations and shares climbed more than 2 percent before the markets opened Thursday. MasterCard is the world's...

  • Applications for US unemployment benefits rise slightly but remain near 14-year low

    WASHINGTON (AP) — Applications for US unemployment benefits rise slightly but remain near 14-year low.

  • US economy grew at 3.5 percent rate in third quarter, boosted by exports and defense spending

    WASHINGTON (AP) — US economy grew at 3.5 percent rate in third quarter, boosted by exports and defense spending.

  • Cigna beats 3Q profit forecasts

    BLOOMFIELD, Conn. (AP) — Health insurer Cigna Corp. (CI) topped Wall Street expectations with its third-quarter earnings report and raised its forecast for 2014. The Bloomfield, Connecticut-based company said Thursday that it earned $534 million, or $2.01 per share, in the quarter that ended Sept. 30. Earnings, adjusted for investment gains,...

  • Piano maker Steinway moving to new Manhattan site

    NEW YORK (AP) — Piano maker Steinway & Sons has announced it will move to a new Manhattan location next year. The move from West 57th Street to West 43rd Street is slated for the end of 2015. The company says it has signed a 15-year lease for 40,000 square feet of space now occupied by the International Center of Photography. ICP is...

  • Apple CEO Tim Cook: 'I'm proud to be gay'

    NEW YORK — Apple CEO Tim Cook says he's proud to be gay. The public declaration, in an essay written for Bloomberg Businessweek, makes Cook the highest-profile business CEO to come out. Cook said that while he never denied his sexuality, he never publicly acknowledged it, either. The executive said that for years he's been open with many...

  • Solid third-quarter US economic growth is expected

    WASHINGTON (AP) — It's taken years, but the U.S. economy may finally be reaching a sustainable cruising speed. Many economists predict that overall growth, as measured by the gross domestic product, reached a healthy 3 percent annual rate in the July-September quarter, according to a survey by data firm FactSet. The Commerce Department will...

  • Roster of largest TIGER grants

    The Transportation Department doled out $584 million in September for 72 so-called TIGER grants for transportation projects. Thirty-five went to congressional districts represented by Democrats and 24 were awarded to districts represented by Republicans. Thirteen others went to projects crossing district lines. The largest grants were: —$25...

  • As Fed ends bond buys, Yellen to expand influence

    WASHINGTON (AP) — When the Federal Reserve announced the end of its landmark bond buying program Wednesday, it also signaled the start of something else: The Janet Yellen era. Officially, Yellen has been Fed chair since February. But the phase-out of the bond-buying stimulus program Yellen inherited from her predecessor, Ben Bernanke, truly...

  • Asia stocks meander after Fed ends stimulus

    HONG KONG (AP) — Asian stock markets meandered Thursday while the dollar strengthened against other currencies after the Federal Reserve said it will end its stimulus program, as many had expected. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.5 percent to 15,636.60 while South Korea's Kospi lost 0.5 percent to 1,950.26. Hong Kong's...

  • Gov't pushes air bag maker on replacement parts

    DETROIT (AP) — The U.S. government's auto safety agency, responding to criticism of its slow response to safety issues, told the manufacturer of millions of potentially faulty air bags to make replacement parts faster and do more testing to find the cause of the problem. The National Highway Traffic Safety Administration sent letters Wednesday...

  • Who will design and build Colorado Springs' Olympic Museum?

    U.S. Olympic Museum organizers announced Monday that five firms with local, national and international experience will design and build the $60 million project in downtown Colorado Springs. The team's creativity, ability to work together and to stay within budget will be crucial to the museum's success and the enhancement of the southwest...

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