UNEMPLOYMENT

Greeks lauded the nomination of new prime minister Lucas Papademos on Friday and expressed hope his government could put the economy back on track and calm political turmoil that has threatened to force Athens out of the euro zone.

Greeks lauded the nomination of new Prime Minister Lucas Papademos Friday and expressed hope that his government could put the economy back on track and calm political turmoil that has threatened to force Athens out of the euro zone.

The number of people who filed for unemployment benefits dropped to 390,000 in the week ending November 5, down 10,000 from the week before, which the lowest level since April.

Anti-Wall Street protesters hoping to commandeer a worldwide television audience to air their grievances said on Thursday they would peacefully occupy this year's Rose Parade in Pasadena.

The paradox of Occupy Wall Street's effect on local business is seen in the span of half a New York City block -- from 40 Wall St. to 60 Wall St.

South Africa's ruling ANC kicked out its firebrand Youth League leader, Julius Malema, from the party for five years on Thursday after finding him guilty of dividing and bringing the 99-year-old liberation movement into disrepute.

The U.S. 30-year fixed-rate mortgage rate dropped slightly to 3.99 percent in the week ending Nov. 10, according to Freddie Mac's Primary Mortgage Market Survey.

As the Eurozone Crisis boils, Ireland's continuous difficulties remain glaringly evident, in spite of the Nov. 2010 bailout.

New U.S. claims for unemployment benefits fell last week to their lowest since early April and the trade deficit unexpectedly shrank in September, pointing to a slight improvement in the economy.

New U.S. claims for unemployment benefits fell last week to their lowest since early April and the trade deficit unexpectedly shrank in September, pointing to a slight improvement in the economy.

New U.S. claims for unemployment benefits declined for the second straight week, to the lowest level since the first week of April, the Labor Department said on Thursday.

The number of people filing for state unemployment benefits fell to the lowest level since the first week of April, government data showed on Thursday. The Labor Department says new claims fell by 10,000 to 390,000 in the week ended Nov.5, registering below 400,000 for the second straight week.

Is the U.S. job market on the mend? Initial jobless claims for unemployment benefits in the U.S. dropped for the second week in a row, to 390,000 -- their lowest level in seven months, according to the U.S. Labor Department.

South Africa's ruling ANC kicked out its firebrand Youth League leader, Julius Malema, from the party for five years on Thursday after finding him guilty of dividing and bringing the 99-year-old liberation movement into disrepute.

Spain's new government will unleash a wave of spending cuts and strengthen economic reforms in the first months of its legislature, moves that will throw the economy back into recession and send unemployment higher before making things better.

Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, charged with saving the country from default, bankruptcy and an exit from the euro zone.

The U.S. Census Bureau released a study on a supplemental poverty measure that complements the nation's official poverty evaluation. Under the new guidelines, 49.1 million Americans, or 16 percent of the population, are classified as living in poverty. This is 2.9 million more than which are classified under the official measure.

When major economic and social problems arise, it’s almost always preferable for the stakeholders to reform the existing economic system.

Gold prices slipped modestly Wednesday as stock investors in Europe and the U.S. dumped their holdings and abandoned the euro in a global stampede to safety.

An acceleration in the pace of U.S. economic growth in the second half of this year is expected to ebb as 2012 gets underway, although the odds of another recession have receded to one-in-four, a Reuters poll showed on Wednesday.

The chief executive of AngloGold Ashanti said the world's No. 3 gold producer could employ deep-mining technology under development in South Africa in other countries, with future ore discoveries expected to be far below the surface.