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Business/Economy

  • As 13M remain out of work, unemployment apps drop to a 4-year low

    WASHINGTON (AP) — The number of people seeking unemployment benefits fell to the lowest point in almost four years last week, the latest signal that the job market could be improving.

    Still, the job market has a long way to go before it fully recovers from the damage of the Great Recession. Nearly 13 million people remain unemployed. And 8.3 percent unemployment is still painfully high.

    One reason the unemployment rate has fallen for five straight months is that many people have stopped looking for work. The government counts people as unemployed only if they are actively looking for a job.

  • Video: Top Bargainers Announce Payroll Tax Cut Deal

    Relieved congressional bargainers say they've reached agreement on compromise legislation extending payroll tax cuts and benefits for the long-term unemployed through 2012, edging a white-hot political battle closer to finally being resolved.(

  • VIDEO: Lightsquared Wireless Network Will Not Fly

    Federal officials plan to kill a private company's plans to start a national high-speed wireless broadband network after concluding it would in some cases jam personal-navigation and other GPS devices.

  • P&Z OKs Smith's Fueling Station

    Last Wednesday, the Los Alamos County Planning and Zoning Commission approved a plan from Smith’s Food and Drug Center, Inc., to build a new fuel station at the corner of Trinity and Knecht, the site now occupied by a Shamrock gas station.

    Smith’s is leasing the site from Polk JT Properties Ltd., with an option to purchase the property.
    The new fuel center will be across the street from the recently approved Trinity Site development, where the new Smith’s 110,000-square-foot Marketplace is planned. However, Smith’s Manager John Roberts said the decision to build the fuel station was independent of the new center.

  • Video: Big Boys Toys on Show in Dubai. (Bring Money)

    It's the ultimate show for boys - big boys that is. The toys here aren't pocket change prices, these are the playthings of the super-rich.

  • Martinez declines to release schedules

    ALBUQUERQUE (AP) — Gov. Susana Martinez bills herself as the transparency governor, promoting her mandate that all state employee salaries be posted publicly, touting her support for a bill that would require agencies and elected bodies to post notices of their meetings 72 hours in advance and promising quick responses to requests for public records.

    But open government advocates question whether Martinez is walking her talk.

  • States, Banks Reach Foreclosure-abuse Settlement

    Federal officials say the five largest mortgage lenders have reached a $25 billion settlement with 49 states over foreclosure abuses that took place after the housing bubble burst.

  • Unemployment aid applications near a 4-year low

    WASHINGTON (AP) — The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months.

    The Labor Department said Thursday that weekly applications for unemployment benefits fell 15,000 to a seasonally adjusted 358,000. That's the second-lowest level since April 2008.

    The four-week average, a less volatile measure, fell to 366,250, the lowest since late April 2008.

  • 13,000 Is Next Dow Milestone, Record in Sight

    The Dow Jones Industrial Average is within reach of the rarefied 13,000 mark, a level it hasn't seen since May 2008, four months before the financial system almost came apart. There's evidence that the rally has room to run.

  • NM regulators repeal carbon cap and trade rules

    ALBUQUERQUE, N.M. (AP) — New Mexico's participation in a regional cap and trade program aimed at curbing greenhouse gas emissions became more unlikely Monday with a unanimous vote by state regulators.

    The decision by the Environmental Improvement Board to repeal the cap and trade rules came in response to petitions filed by New Mexico's largest electric utilities, oil and gas developers and others who feared the rules would push businesses and jobs to neighboring states.

    Gov. Susana Martinez, a critic of regulating carbon emissions at the state level, was pleased with the board's decision, spokesman Scott Darnell said.