MARKETS / FINANCE

Jobless claims, future gauge of economy rise

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A bigger-than-expected rise in U.S. workers filing new claims for jobless aid last week underscored how fragile the labor market remains even as a measure of economic prospects hit a two-year high last month.

Foreign c.banks' Treasury holdings jump in wk -Fed

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Foreign central banks' holdings of U.S. Treasuries at the Federal Reserve rose sharply in the latest week, data from the U.S. central bank showed on Thursday. Treasuries held by overseas central banks at the Fed jumped 28.71 billion to total $2.129 trillion in the week to Oct. 21.
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As dollar weakens, are oil prices poised to rally?

Can a weaker dollar propel oil prices higher than current levels near $81 a barrel, or will bearish oil market fundamentals hold oil prices back? The correlation between oil prices and the dollar has reached a coefficient of -0.9 in 2009, Reuters data shows.
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FCC commissioners support open Internet rule

U.S. communications regulators voted unanimously to support an open Internet rule that would prevent telecom network operators from barring or blocking content based on the revenue it generated.
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Officials take aim at executive pay

U.S. officials on Thursday took aim at generous executive pay packages, saying it was offensive that firms receiving substantial taxpayer aid paid their officers and other top employees so lavishly.
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U.S. takes aim at executive pay

U.S. officials on Thursday took aim at generous executive pay packages, saying it was offensive that firms receiving substantial taxpayer aid paid their officers and other top employees so lavishly.
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Fed issues bank pay guidelines to combat risk

The U.S. Federal Reserve issued bank pay guidelines on Thursday to curb the type of excessive risk-taking it said contributed to the crisis that nearly collapsed the financial system last year.
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Combination format showcases highlights and minimizes disqualifiers

Dear Sam: After working 25+ years in a family-owned business, my husband needs to make a change. He has a degree from Purdue and an abundance of U.S. and international marketing and sales experience. What are your recommendations on setting up a résumé where there is only one employer, but numerous facets of one's responsibilities covering outside sales and in-house management within said company ...
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China authors say Google violated copyrights

A group representing authors in China has accused Google of violating copyrights with its digital library, a claim that Google denies by saying the service complies with international law.
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Fed proposes executive pay guidelines

The Federal Reserve on Thursday issued guidelines aimed at ensuring pay and reward structures for bank executives do not lead to the sort of excessive risk-taking that contributed to the financial crisis..
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Jobless claims up, leading indicator at 2-year high

A bigger-than-expected rise in the number of U.S. workers filing new claims for jobless aid last week signaled the labor market remained fragile, even as a measure of economic prospects hit a two-year high last month.
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Dow Chemical net spikes, but sales drop

Dow Chemical Co said on Thursday its third-quarter net income jumped 66 percent to beat Wall Street's expectations due to asset sales and cost cuts, but revenue fell as consumers curtailed spending.
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Oil falls below $81 as dollar rises

Oil slipped below $81 on Thursday as a stronger dollar encouraged investors to lock into profits from a 12-month high hit the previous day.
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Xerox profit falls but beats estimates

Printing company Xerox Corp's quarterly profit was halved, underscoring the slowdown in office equipment spending, although results beat Wall Street expectations on cost cuts.
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Stock futures point to lower open

Stock futures were poised for a slightly lower open on Thursday after the government said new jobless claims rose more than expected and a slew of big corporate earnings reports, including UPS, 3M, Dow Chemical and Merck.
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Rise in new jobless claims signals soft labor market

The number of U.S. workers filing new claims for unemployment benefits rose more than expected last week, data showed on Thursday, indicating the labor market remains fragile despite signs of economic revival.
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NYC sees economic gold in green jobs

Recession-stricken New York City plans to double its current green work force by creating over 13,000 new jobs in the next decade, partly by competing with London to become the new center for carbon trading, a city official said on Wednesday.
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Entry-level candidates needs professional résumés too

Dear Rebecca: Thank you for submitting your résumé for my Notes of a Résumé Writer series; I am pleased to be able to provide some guidance to help you create an interview-generating job search tool. Let's touch on a few key areas of your résumé which should be addressed.
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Top pay at bailed out companies to be cut

Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday.
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GLOBAL MARKETS-Poor earnings knock stocks, dollar bounces

Disappointing corporate results knocked equities lower on Thursday, set Wall Street up for a poor start and helped the dollar bounce off 14-month lows. Gold and oil both slipped as the dollar rose. Euro zone government debt was stronger.

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