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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Dec 28, 2012
Page
8
U S jobless benefit claims drop to 350000 for the week ended December 22, the lowest since March 2008, with four week average at 336750. Officials cite holiday data distortions as states closed, and future revisions expected. Analysts note volatility but hope for about 150000 December payroll gains.
In Los Angeles the deal components more than 1 billion dollars and resolves recalls linked to sudden unintended acceleration. It concludes a key chapter of Toyota Motor Corp lawsuits while separate cases alleging injuries and deaths proceed, with a February trial date set unless a new agreement appears. Steve Berman, representing owners, calls it the largest US auto defect settlement.
U S new home sales surged 4.4 percent in November to a 377 000 annual rate. The gain marks the fastest pace since April 2010 amid housing recovery boosted by job gains and low mortgage rates. Northeast sales rebound 12.5 percent after Sandy disruptions.
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