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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Nov 11, 2010
Page
12
Unemployment claims dropped by 24 000 to 435 000 last week, the third decline in four weeks. The four week average fell to 446 500, the lowest since September 2008, while economists say signals point toward stronger labor markets if further reductions occur.
GM reports a $2 billion third quarter profit as it nears its public stock offering. Strong car and truck demand, higher prices for new models like Buick LaCrosse, and overseas gains boosted results in North America. The quarter met GM's forecast and continued its recovery post bankruptcy.
Boeing halts test flights of its 787 fleet while investigators review data after smoke reported in the rear of a plane that made an emergency landing in Texas. Shares fell about 3 percent as the stock traded near 67 dollars.
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