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Business/Economy

  • Unemployment apps dip again as more give up looking for work

    WASHINGTON (AP) — The number of people seeking unemployment benefits fell slightly last week to the lowest point in four years, a further sign that the U.S. job market is improving.

    A seasonally adjusted 351,000 people sought unemployment aid, down from 353,000 the previous week, the Labor Department said Thursday. That matches the four-year low reached three weeks ago.

    The improving numbers show that steadily fewer people are being laid off.

    One major reason the unemployment rate has fallen is that many people have given up looking for work. The government only counts people as unemployed if they are actively searching for a job.

  • New-home sales dip after 4 straight monthly gains

    WASHINGTON (AP) — Sales of new homes dipped in January but the final quarter of 2011 was stronger than first estimated.

    The Commerce Department said Friday that new-home sales fell 0.9 percent last month to a seasonally adjusted annual rate of 321,000 homes. That followed four straight months of gains in which home sales rose 10 percent.

    The gains came after the government upwardly revised October, November and December's figures. December's annual sales pace of 324,000 was the highest in a year.

  • $5 Gas Coming to Pumps Near You?

    Over the past week alone, gas prices in California and several other parts of the country have spiked 20 cents a gallon. Experts say many motorists could start to see five dollar a gallon prices by summer.

  • Meet Phillip Kunsberg

    Phillip Kunsberg became familiar with Los Alamos in the mid- to late-1980s, when he worked with scientists at Los Alamos National Laboratory (LANL) as a policy officer in the Department of Defense.
    He moved to Los Alamos in 1989 and started the Technology Institute, a nonprofit organization that brought Russian and American scientists together to work on “non-lethal” activities. Kunsberg eventually became a technical staff member for the lab.
    Kunsberg moved to New York City in 1996 to work for a venture capital firm.

  • Mardi Gras Floats: Big Business in New Orleans

    As Mardi Gras 2012 reaches its pinnacle Fat Tuesday, the float making business remains in full gear ahead all year long. Mardi Gras World builds the big floats. Its studio also offer tours 12 months a year, seven days a week.

  • VIDEO: Mardi Gras Big Business Along Gulf Coast
  • VIDEO: As economy sputters, gas prices soar

    Gas Prices Going Up, Up, Up.

  • 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.