Job market sluggish as jobless claims rise to year high
U S claims for unemployment benefits rose by 30 000 to 442 000 for the week ending April 12 the highest since March 29 as companies cut workers leading economists to foresee a higher unemployment rate in coming months. The four week moving average climbed to 424 750 with continuing claims at 4.57 million.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
Bill Cheney
John Hancock Financial Services
Dow Jones
Paul Taylor
National Automobile Dealers Association
Sme
Hagan
Nilewn Ae
Clifford Waldman
Manufacturers Alliance
MLAPI
Federal Reserve
Alan Greenspan
Iraq
Stocks rise as market holds on amid earnings hopes
Wall Street edged higher on thursday as investors hopeful for economic improvement ignore murky corporate reports. The Dow added 80 points while the Nasdaq and S&P 500 climbed as Nokia Broadcom AMR rose on earnings and labor concessions.
MENTIONED IN THIS ARTICLE
Wall Street
Brian Pears
Victory Capital Management
Nokia
Broadcom
AMR
American Airlines
Sun Microsystems
United Technologies
New York Stock Exchange
Japan
Bechtel Wins Iraq Reconstruction Contract Worth Up to 680 Million
The Bechtel Corp secured a U S reconstruction contract potentially totaling 680 million over 18 months to restore Iraq’s power water and sewage systems plus airport seaport and transport facilities. Initial funding 34.6 million with approval needed and noted rapid deployment amid closed bidding concerns. Bechtel expected to use subs and involve Iraqi population to build local capacity.
MENTIONED IN THIS ARTICLE
Washington
Bechtel Corp
Iraq
U.S. Agency For International Development
Qasr
Bechtel
American bosses' bonuses spark union anger at Fort Worth
In Fort Worth, American Airlines workers condemn executives after learning top leaders will receive bonuses and retirement protection despite steep losses. Unions consider legal options, including challenging the $1.6 billion in concessions approved earlier. Don Carty faces calls to resign amid disclosures of a six‑executive bonus plan and a special retirement trust.
MENTIONED IN THIS ARTICLE
Fort Worth
Texas
American Airlines
Don Carty
Jim Little
Transport Workers Union
Carty
American
Dan Garton
Jeff Campbell
Gary Kennedy
William Ris
Charles Marlett
Securities and Exchange Commission
Chris Patton
Dallas/Fort Worth
Greg Roberts
John Darrah
Pilots’ Union
Darrah
Also Mentioned on This Page
Cheney
New York
Keith Keenan
Wall Street Access
Standard & Poor
Philadelphia Federal Reserve
Bulls
Center For Responsive Politics
Saddam Hussein
Baghdad
Knight Ridder
Ssident of Transport Workers Union
Gerard Arpey
CommStar Credit Union
Lorain County
CommStar Community Star Credit Union
Cleveland Street
Elyria
Ohio
Comaster
Amasa
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