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Unemployment benefit claims fall as economy strengthens
The Labor Department reports a four year low in unemployment benefits with a four week average of 2.58 million and last week’s new claims at 315,000. California sues 39 drug firms for inflating prices, naming Amgen and others. PetSmart warns of lower earnings amid competition and fuel costs. Kodak cuts film production in Rochester and China impacting about 1,000 jobs. Hormel posts Q3 earnings decline despite 17 percent revenue rise.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Los Angeles
California
U.S
Amgen Inc
Bristol-Myers Squibb Co
GlaxoSmithKline P.L.C
Novartis AG
Sandoz Inc
Mylan Laboratories Inc
Schering-Plough Corp
Bill Lockyer
PetSmart
Phil Francis
Rochester
Eastman Kodak Co
China
West Virginia
Kodak
Windsor
Colo
Harrow
England
Austin, Minn
Hormel Foods Corp
Hormel