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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.

President and Chief Executive Officer Donald W. Duda said, "Our businesses continue to perform better than a year ago, with over 23 percent growth for the quarter and over 13 percent growth for the year.

Methode Electronics, Inc. (NYSE:MEI) reported Q4 EPS of $0.16 ex-items today, beating the consensus estimate for $0.11 per share. Revenues for the quarter grew 23.6% year-over-year to $119.4 million, ahead of the consensus estimat

While the job reductions are less than 1% of Goldman's global personnel of 35,700, they will take place after reports that Goldman plans on hiring thousands of employees in other nations such as Brazil, India, and Singapore. Goldm

Goldman Sachs Group Inc. (NYSE: GS) announced it will reduce around 200 jobs in New York City throughout September and March next year, as stated by the N.Y. Department of Labor filing Wednesday.

Alan D. Wilson, Chairman, President and CEO, commented, "We were pleased to report double-digit increases in both sales and profit this quarter. We achieved a strong performance in both our consumer and industrial segments through

McCormick & Company, Incorporated (NYSE:MKC) reported Q2 EPS of $0.55 today, just ahead of the consensus estimate for $0.54 per share. Revenues for the quarter increased 11% year-over-year to $883.7 million, beating the consen

Sony Corp. (NYSE:SNE) announced Wednesday that Andrew House, will replace Kazuo Hirai as chief executive officer of global video game unit Sony Computer Entertainment Inc. as of Sept. 1, 2011.

The company has recalled dozens of other products over the last year for the same "musty odor." The recalled product was manufactured in February, 2009.

The voluntary recall was due to a "a small number of odor reports," the company's McNeil Consumer Healthcare unit state in a statement.

While the risk of any serious medical problems is remote, the odor has been linked to a chemical that can cause "temporary and non-serious gas

Johnson & Johnson (NYSE:JNJ) announced late yesterday that the company is recalling more than 60,000 bottles of extra strength caplets because of a musty odor.

The release brings Rosetta Stone's total number of languages offered to 36, all available online. It is the first new release since Irish was launched in March 2008.

The five new languages were originally developed exclusively for U.S. government and military language training.

Rosetta Stone Inc. (NYSE:RST) announced today the release of five new online language solutions: Dari, Pashto, Urdu, Swahili and Bahasa Indonesia.

Popular Zynga games such as Words with Friends and Zynga Poker, along with customized content, will be featured for download on AT&T's shelf on the Android Market later this year.

Ted Woodbery, vice president of wireless data, voice and ancillary services for AT&T Mobility and Consumer Markets said, "We're excited to be the first wireless carrier to collaborate with Zynga. Speed enhances playing experi

AT&T (NYSE:T) announced today that it has reached an agreement with social games developer Zynga to bring the latest in mobile social gaming to AT&T's wireless customers.