U S wealth rises on stocks and homes in Q4 2015
The Federal Reserve reports U S household net worth grew 1.9 percent in the fourth quarter to 86.8 trillion as stock, mutual funds gained 758 billion and home values rose 458 billion. Debt to income slipped to 106.8 percent versus 135 percent at the Great Recession peak.
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Associated Press
Unemployment aid applications drop to five month low
Washington reports weekly unemployment benefit claims fell to 259000, the lowest since October, with a four week average of 267500 and 2250000 people receiving benefits. The trend signals fewer layoffs and steadier hiring, following February jobs data showing 242000 new positions and an 8 year low 4.9 percent unemployment rate.
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Insurance firm CEO arms workers with firearms in Georgia offices
ATLANTA the owner of Lance Toland Associates requires employees to carry concealed permits and provides Taurus revolvers dubbed The Judge. He cites safety, not a social agenda, as justification while a longtime staffer notes guns are lethal weapons and compares them to a fire extinguisher.
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Recall Covers Almost 3 Million Frozen Foods From Nestle Brands
Nestle USA recalls about 2.98 million boxes of DiGiorno pizzas Lean Cuisine meals and Stouffer's lasagnas after customers report glass fragments in products. Company notes no injuries and pins potential glass source on spinach. Ongoing investigation and product details listed on Nestle site.
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