claims

Economists had expected new requests for jobless benefits to total 420,000 during the week ended July 9. Claims in the prior week were revised up to 427,000 from an original reading of 418,000.

The average of new claims over the past four weeks dropped 3,750 to 423,250.

The Labor Department reported that new applications for unemployment benefits fell last week by 22,000 to a seasonally adjusted 405,000, which brings claims to the lowest level in three months.

That was slightly higher than the 425,000 that economists had expected. The 4-week moving average increased 500 to 426,750.

In the year-ago week, there were a seasonally adjusted 472,000 initial jobless claims.

The insured unemployed, those receiving state unemployment checks, fell 12,000 to a seasonally adjusted 3.7 million for the week ended June 18th.

Initial jobless claims for the week ended June 25 were 428,000 seasonally adjusted, down from the previous week's unrevised figure of 429,000, the Department of Labor reported today.

The ruling is a huge win for the American aerospace giant, and a blow to its archrival EADS, the parent company of Airbus.

J. Michael Luttig, Boeing executive vice president and general counsel, said, "This WTO ruling shatters the convenient myth that European governments must illegally subsidize Airbus to counter U.S. government assistance to Boeing.

The World Trade Organization ruled Thursday that Boeing Co (NYSE:BA) has received about $2.7 billion in illegal subsidies from the federal government over the last several decades.

The prior week's claims were revised up to 401,000.

Claims have averaged 386,250 over the past four weeks, which is the lowest level since July of 2008.

The number of workers who continue to receive unemployment compensation decreased by 80,000 to a seasonally adjusted 3.71 million in the week of March 5.

The Labor Department reported that new applications for state jobless benefits fell by 16,000 last week to 385,000. Economists had expected first-time claims to fall to a seasonally adjusted 389,000 in the week ended March 12.

The settlement is being paid in stocks and warrants of the "new" General Motors, and will resolve 34 different environmental claims in 11 states.

GM is trading down 2% at $31.65 per share.

The "old" GM, Motors Liquidation Company, the precursor to the "new" General Motors Co. (NYSE:GM), which emerged from bankruptcy in 2009, has reached an agreement with the U.S. government to pay $50.6 million to settle various env

U.S. stock futures remain lower, an indication of early broad-market weakness as oil remains above $100 a barrel. Futures did trim losses a bit but then resumed their decline as a report showed a drop in the weekly and the four-we

The most recent settlement involved a bankrupt homeowner who contested Citi's use of a Texas mortgage assigner, the report said.

Citigroup shares are down 0.31%, or $0.01, to $4.89.

Shares of Citigroup (C) are near the flatline as the bank settles fraud cases brought by borrowers who accused the bank of filing fraudulent mortgage documents, Bloomberg reports. Citi settled or lose at least five such claims in

The Labor Department reported Friday that unemployment rates jumped in 21 states in the nation in November. However, 15 states reported a decline in unemployment rates last month and 14 states reported no change in activity. The

Good Morning. It's Friday, December 17, 2010. At this hour, U.S. equity futures are pointing to a lower open. Overseas, the Asian markets were mixed, while the European markets are mostly to the downside. In the headlines.. Moody'