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Despite hiring, US unemployment rate seems frozen
[AP] - Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work.
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Stocks extend September rally after jobs report
[AP] - The stock market had its first winning week in a month thanks to better news on the economy. The Dow Jones industrial average jumped 128 points Friday, its fourth straight day of gains.
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UPS cargo plane crashes near Dubai airport
[AP] - A UPS cargo plane with two crew members on board crashed shortly after takeoff Friday outside Dubai, officials said. The state news agency WAM, quoting the General Civil Aviation Authority, reported that the "bodies of two pilots" had been found at the scene, but UPS did not confirm that.
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What now for Gulf? Fire complicates drill debate
[AP] - What now for the Gulf? News of another oil rig fire in the Gulf of Mexico, so soon after the BP oil spill, has set off a wave of anxiety along the Gulf Coast and prompted calls for the government to extend its six-month ban on deepwater drilling.
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Goldcorp to buy Andean Resources for $3.42B
[AP] - Canada's Goldcorp Inc. said Friday it has agreed to buy Andean Resources Ltd. for about 3.6 billion Canadian dollars , trumping a rival bid from Eldorado Gold Corp.
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Campbell reports Q4 profit rise on better margins
[AP] - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.
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Service sector grows at slower pace in August
[AP] - The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.
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Latest Gulf oil rig problem differs from BP spill
[AP] - Unlike the blast that led to the massive BP spill, the latest oil platform fire in the Gulf of Mexico killed no one and sent no crude gushing into the water.
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