November jobs report signals improving US labor market gains
The Labor Department reports 203000 non-farm jobs added in November with unemployment at 7 percent the lowest since 2008. Manufacturing and construction led gains while wages improved, boosting optimism that the Federal Reserve may dial back bond purchases.
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Labor Department
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Fed
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Morgan Stanley Wealth Management
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Calif
Noel Massie
United Parcel Service Inc
Southern California
UPS
Chad Moutray
National Association of Manufacturers Trade Group
U.S
Europe
Moutray
Citrus Growers Battle Deep Freeze Threat to Central Valley
Santa Ana California citrus grower Fred LaBue and other producers shield crops from a cold snap that chilled Fresno to 28 degrees. The industry has spent 12.4 million dollars to warm fields while mandarin crops face higher damage risk and officials prepare to assess losses in days ahead.
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Santa Ana
Calif
Fred LaBue
Central Valley
LaBue
California
California Citrus Mutual
Fresno
Growers’ Association
Ben Yosako
Tulare County
Sears to Spin Off Lands End From Sears Holdings
Sears Holdings Corp plans to separate Lands End into a separate publicly traded company. Lands End reported $49.8 million profit on $1.59 billion revenue in the last fiscal year, down from $134.9 million on $1.66 billion in 2008. Department stores unit is unprofitable. Financial analyst Mary Ross Gilbert calls results weaker than expected.
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Lands’ End
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Mary Ross Gilbert
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