May 05, 2011
America the Beautiful

From the Associated Press, 9:52 a.m:

WASHINGTON — The number of people applying for unemployment benefits surged last week to the highest level in eight months, a sign the job market may be weakening.

The Labor Department says applications rose by 43,000 to 474,000 in the week ended April 30, the third increase in four weeks. The four-week average, a less volatile measure, rose for the fourth straight week to 431,250.

From the Associated Press, 9:52 a.m:

NEW YORK — Wal-Mart Stores Inc. remains atop the Fortune 500 list.

The annual ranking, released Thursday, also shows that the largest U.S. companies have fared much better than ordinary Americans. Companies that made the Fortune 500 this year posted the third-largest combined profit gain in the lists’ history.

Fortune Magazine compiled its list based on revenue for 2010. Editors say that companies increased profits by increasing productivity and cutting jobs. They also grew faster overseas than in the U.S.

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Posted by Jerome Doolittle at May 05, 2011 10:16 AM
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