Aug 09 Monday: Drilling to Resume on Oil Relief Well; Aid Group to Stay in Afghanistan After Killings Retired Coast Guard Adm. Thad Allen said Monday that cement forced down the top of BP's blown-out well last week has hardened enough so that workers can begin drilling the final 100 feet of the relief well and seal… Continue reading
Aug 06 Target's Foray Into Politics Met With Protest From MoveOn.org By Quinn Bowman Liberal advocacy group MoveOn.org delivered a direct message to Target Corp. Friday: stop spending money on political campaigns. MoveOn.org delivered a petition with 260,000 signatures to company headquarters in Minneapolis demanding that it stop influencing campaigns. Watch video from… Continue reading
Aug 06 The '99ers' Share Their Stories By Paul Solman Editor's Note: Last month, Congress extended federal unemployment benefits for people who had been out of work up to 99 weeks. But for the millions of Americans who have been jobless longer than that -- the "99ers" -- there will… Continue reading
Aug 06 Russia Wheat Export Ban Pushes Prices Near 2-Year High By Talea Miller Wheat prices retreated slightly but held near a two-year high Friday in reaction to a Russian announcement banning grain exports through the end of the year due to severe drought and wildfires. "We need to prevent a rise in domestic… Continue reading
Aug 06 Jobs Report Brings More Bad News for the Unemployed Heading into Friday morning, no one was expecting much good news from the July jobs report. Unfortunately, the picture it provided of the jobs market is even worse than many expected. Payrolls shrank by more than projected. Roughly 130,000… Continue reading
Aug 06 The '99ers' Share Their Stories Editor's Note: Last month, Congress extended federal unemployment benefits for people who had been out of work up to 99 weeks. But for the millions of Americans who have been jobless longer than that -- the "99ers" -- there will… Continue reading
Aug 06 Friday: Unemployment Unchanged at 9.5%; BP Closer to Sealing Well Private employers added 71,000 jobs in July, up from a revised 31,000 in June but not nearly enough to help the unemployment rate, which remained unchanged at 9.5 percent. Overall, the economy lost 131,000 jobs in July, the… Continue reading
Aug 06 The Morning Line: It's All About Jobs, Jobs, Jobs The Labor Department released its much-awaited monthly jobs report Friday, showing 131,000 jobs were lost in July, more than economists had expected. Both the unemployment rate, at 9.5 percent, and the number of unemployed persons, 14.6 million, remained unchanged. Continue reading
Aug 06 Watch Charlotte Looks to Remake Banking Economy As a part of NewsHour Connect, which showcases some of the best public broadcasting reporting from around the country, Rob Holliday of UNC-TV brings some good news on the jobs front in North Carolina. Continue watching
Aug 06 Watch News Wrap: Wall Street Up for the Week Despite Bleak Jobs Report Amid the grim job numbers from the Labor Department Friday, Wall Street managed to come out of the week ahead. The Dow is up nearly 2 percent and the NASDAQ rose 1.5 percent. Also, BP is waiting for cement to… Continue watching