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Business/Economy

  • Looking for a credit card? It pays to be rich

    NEW YORK (AP) — It pays to be rich if you need a credit card.

    A year after sweeping credit card regulations upended the industry, banks are showering perks and rewards on big spenders with sterling credit scores. And they're socking customers with spottier histories with higher interest rates, lower credit limits and new annual fees. In some cases the riskiest customers are being dropped altogether.

  • Grand Opening

    KRSN AM 1490 hosted a FAN Club and the Los Alamos Chamber of Commerce held a ribbon cutting ceremony for the radio station’s new location in the Hilltop Shopping Center on Arkansas Street Wednesday evening. KRSN owners Gillian and David Sutton had their daughter Michaelle cut the red ribbon .

  • Unemployment benefits jump to 410,000

    WASHINGTON (AP) — More people applied for unemployment benefits last week, one week after claims had fallen to the lowest level in nearly three years.

    The big drop a week earlier had occurred largely because bad weather in many parts of the country had kept people from applying for benefits.

  • Unemployment numbers spike after one-week lull

    WASHINGTON (AP) — More people applied for unemployment benefits last week, one week after claims had fallen to the lowest level in nearly three years.

    The big drop a week earlier had occurred largely because bad weather in many parts of the country had kept people from applying for benefits.

    The Labor Department said Thursday that 410,000 people sought unemployment assistance last week, a jump of 25,000 from the previous week. The rise was much larger than economists had expected.

  • Stocks rise after strong earnings, deal news

    NEW YORK (AP) — Strong earnings results and another round of corporate deals led stocks higher Wednesday.

    Family Dollar rose 24 percent in early trading after activist investor Nelson Peltz's firm offered to pay up to $60 a share to take the discount retailer private. That was a 36 percent premium from Tuesday's closing price. Family Dollar rose the most of any stock in the Standard & Poor's 500 index.

  • Borders files for Ch. 11 bankruptcy protection

    NEW YORK (AP) — Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Tuesday, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry.

    The 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of the stores closed will be superstores, Borders spokeswoman Mary Davis said. The company also operates smaller Waldenbooks and Borders Express stores.

  • Obama resurrects rejected tax increases in budget plan

    WASHINGTON (AP) — President Barack Obama's budget proposal resurrects a series of tax increases on certain corporations and the wealthy that were largely ignored by Congress when Democrats controlled both chambers. Republicans, who now control the House, are signaling they will be even less receptive.

  • YMCA's diabetes class

    The Family YMCA’s Diabetes 101-Education and Prevention class is being held from 12:05-12:55 p.m. Mondays.
    When the series is completed, it will begin again the first Monday of each month. The class is free to the public.
    For more information, call 662-3100.

  • Fewest requests for unemployment aid since 2008

    WASHINGTON (AP) — The number of people applying for unemployment benefits plunged last week to the lowest level in nearly three years, continuing a downward trend that suggests hiring could pick up this year.

    Applications sank by a seasonally adjusted 36,000 to 383,000, the lowest point since early July 2008, the Labor Department reported Thursday.

  • New drilling method opens vast oil fields in US

    A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.

    Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day — more than the entire Gulf of Mexico produces now.