Unemployment claims drop as trade deficit narrows
The Labor Department reports new unemployment claims fell to 451000, the lowest in two months, while July trade deficit shrank 14 percent to 42800 million as exports rose and imports fell. Economists note the improvement eases recession fears though unemployment remains high.
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New York to require detailed cleanser ingredient disclosures
New York plans to enforce a 40 year old law to compel manufacturers to detail contents of household and commercial cleaning products. The DEC seeks full ingredient breakdowns with percentages and any company research on health and environmental effects. Commissioner Alexander Grannis says disclosures will be required for all products sold in the state.
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State Department of Environmental Conservation
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Apple issues App Store guidelines amid developer complaints
Apple on Thursday published guidelines for iOS App Store apps while keeping broad enforcement discretion. The move responds to two years of developer complaints about secret rules and rejected programs. The document includes a battery drain and heat rule and notes a flexible standard for content and behavior.
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Nate Weiner
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McDonald's August U S Sales Rise Markedly despite European Slump
McDonald's reported a 4.6 percent rise in U.S. same store sales for August driven by frappes and fruit smoothies, while Europe lagged. Overall revenue growth reached 4.7 percent, led by Japan, China, and Australia, with UK and Russia strong but shares fell 2.3 percent to 74.37. France VAT changes cited as a headwind for Europe.
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