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Jobless claims drop to pre-Sandy levels

The number of people claiming unemployment benefits dropped for the third straight week last week as the effects of superstorm Sandy stabilize. Initial claims for state unemployment benefits dropped 25,000 to a seasonally adjusted 370,000, the Labor Department said on Thursday.

Move over China: Apple to make Macs in US

Cook said that he believes it’s important to bring more jobs back home in America, where unemployment hovers around 8 percent.

The Dow Jones industrial average jumps Wednesday on China news

The Dow Jones industrial average rose 83 points Wednesday with news that the Chinese government was working to strengthen the economy.

Call of Duty: Black Ops II reaches $1 billion in sales

Call of Duty: Black Ops II topped one billion dollars in sales Wednesday, the quickest video game ever to reach the milestone at 15 days.

The Daily folds: News Corp's tablet publication goes bust

Rupert Murdoch's the Daily, an iPad only newspaper, announced Monday that it was closing its doors.

Starbucks to reconsider its no-tax status in the UK

Reuters examined Starbucks accounts and reports that the company showed 13 years of losses in the UK when it told investors it's British unit was extremely profitable.

Chinese manufacturing ramps up to highest level in 7 months

Chinese manufacturing rose to its highest level in seven months according to an official index.

GOP rejects White House's first fiscal cliff offer

Boehner called the talks with Treasury Secretary Tim Geithner "disappointing".

Warren Buffett says no time to waste on raising taxes on wealthiest Americans

Billionaire investor Warren Buffett has renewed calls for the government to raise taxes on the wealthiest Americans.

Egyptian stock market plummets as Morsi tries to defuse tensions

The 9.5 percent fall was the worst since last year's uprising that toppled Hosni Mubarak.
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