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WASHINGTON– An acceleration of employing last month helps drive the US unemployment rate to a six-year low of 5.9 percent and lightens up the outlook for the economy. Investors were cheered. Yet do not assume the Federal Reserve will go up its schedule for raising interest rates to avoid high inflation. Apart from the joblessness rate, other evaluates of the task market still reveal scars from the Great Economic crisis. Incomes aren’t increasing. And the varieties of people out of work for even more than 6 months or working part time although they desire full-time work remain elevated. By Christopher S. Rugaber. SENT: 795 words, picture.
WHY NO PAY RAISES?
WASHINGTON– Where are the pay raises? Employers in the United States are hiring at a brisk pace. Unemployment has actually sunk to a nearly healthy rate. Jobs are being filled throughout a range of industries. Yet the September jobs report included a puzzling truth: Paychecks still aren’t growing. Without higher pay, workers have less money to invest and save, and the economy can strengthen only a lot. Three key factors assist explain why wages have failed to match the rate of employing. By Josh Boak. SENT: 955 words, photo.
— FINANCIAL MARKETS– A rise in hiring last month sent US stocks rising. The Dow Jones industrial average jumped 208 points, or 1.2 percent, to 17,009 Friday. SENT: 590 words, pictures. UPCOMING: 700 words by 5 pm
KEEPING CASH SAFE-Qamp; A
NEW YORK– Hackers permeated the computer system systems of JPMorgan Chase amp; Co., the countrys biggest bank, stealing names, e-mails, addresses and number over the summertime. The theft of individual details from 76 million homes normally raises questions about the safety of cash in the digital age. What are the risks Americans face? How can bank clients decrease the hazard of identity or monetary theft? What can banks do to strengthen their networks? UPCOMING: 600 words by 3 pm, images.
— KEEPING CASH SAFE-TIPS– SENT: 350 words, picture.
— JP MORGAN-DATA BREACH– New information on a cyberattack versus JPMorgan Chase amp; Co. s computer servers this summer add to enhancing doubts over the security of consumer data kept by banks, retailers and others. SENT: 740 words, image.
Aeran Brent is tired of visitors inquiring about her establishments name or snapping photos of the indication exterior. Sadly, thats life for a small businessa small company owner whose shop– Isis Bridal and Formal– shares a name with ISIS, the acronym of an infamous Islamic militant group that the United States is combating in Iraq and Syria. Isis is part of more than 270 product, service or company names amongst active federal hallmarks, according to the United States Patent and Trademark Workplace. By Tom Murphy. SENT: 800 words, photos.
NEGRIL, Jamaica– Vacationers from all over the world are drawn to a stretch of palm-fringed coastline understoodcalled Seven Mile Beach, a crescent of white sand along the blue-green waters of Jamaicas western coast. But the sands are slipping away and Jamaicans are afraid the beach could one day require a brand-new nickname. Reducing coastline long has actually raised fear for the locations ecological and economic future. The erosion is anticipated to get worse as an outcome of environment modification, and a tip of panic is creeping with this laid back village, one of the top locations in a nation where a quarter of all jobs depend on tourism. By David McFadden. SENT: 970 words, pictures.
MARKETS amp; ECONOMY:
WASHINGTON– Improved by the least expensive out of work rate in six years, Head of state Barack Obama is putting a manufacturing concentrate on his revived economic message, calling attention to commercial gains that have actually helped recover some higher-wage jobs throughout the recuperation from the Great Recession. Obama goes to a steel maker in Princeton, Indiana, as part of a brand-new fall political campaign push to promote his wallet policies and to declare credit for the upturn in the economy. By Jim Kuhnhenn. SENT: 650 words, images, audio.
WASHINGTON– The US trade deficit diminishes for the fourth straight month in August, being up to the cheapestthe most affordable level given that January as exports increased to an all-time high. The deficit dropped 0.5 percent in August to $40.1 billion, compared to a modified $40.3 billion in July, the Commerce Department reported. By Martin Crutsinger. SENT: 430 words, photo.
WASHINGTON– United States service firms expand at a healthy rate in September although it was somewhat below the record rate set in August. By Martin Crutsinger. SENT: 200 words, photo.
OVERSEAS DEALS-TAX BREAKS
New government policies aimed at suppressing corporate moves overseas for tax breaks appear to be working, just not totally the way federal regulatory authorities planned. Salix Pharmaceuticals is cancelling its deal to acquire Cosmo Technologies, and medical device giant Medtronic is changing the financial details of its acquisition of Covidien due to the fact that of the guidelines. By Tom Murphy. Includes Medtronic-Covidien and Salix-Inversion Scuttled. SENT: 590 words.
MARRIOTT JAMMING WIFI
NEW YORK– Marriott International will certainly pay the government a $600,000 fine for jamming conference attendees have Wi-Fi networks at one of its hotels, requiring them instead to pay as much as $1,000 each to utilize the hotels possess connection. By Business Writer Scott Mayerowitz. SENT: 470 words.
GULF OIL SPILL
BRAND-NEW ORLEANS– BP has asked a federal judge to reconsider a ruling that might cost the oil giant around $18 billion in added fines originating from the 2010 Deepwater Horizon oil rig surge. By Kevin McGill. SENT: 340 words.
— TRUMP HOME ENTERTAINMENT– A Delaware bankruptcy judge rejects a request by Trump Home entertainment Resorts to be alleviated of its pension responsibilities under a collective bargaining arrangement with employees at the Taj Mahal casino in Atlantic City, New Jersey. SENT: 555 words.
— SWITZERLAND-UBS-TAX EVASION– Shares in UBS AG are down after guides the Swiss bank might deal with a fine of 4.88 billion euros ($6.16 billion) if found guilty of helping with tax evasion and money laundering in France. SENT: 130 words.
— MEXICO-CITIGROUP– Citigroup Mexico system cites problems in directors resignation, following fraudulence losses. SENT: 150 words.
— EUROPE-NOVARTIS-ELI LILLY– The European Unions antitrust authority states it has approved the $5.4 billion sale of Novartis animal health division to US pharmaceutical firm Eli Lilly. SENT: 120 words.
— EUROPE-CHIQUITA-FYFFES– The European Unions antitrust body authorizes a merger in between United States banana business Chiquita and Fyffes of Ireland in an offer that produces the worlds biggest banana provider. SENT: 140 words.
— FRANCE-AIRBUS– German carmaker Daimler AG and French conglomerate Lagardere SCA are on trial in a Paris criminal court together with seven present and former Airbus executives accused of participation in expert trading. SENT: 140 words.
— INTERSTATE EGG FIGHT– A federal judge throwsthrows away a lawsuit filed by Missouri and five other states asking the court to overrule a California law barring the sale of eggs in the state produced by hens in cramped living conditions. SENT: 520 words.
— RIG COUNT– United States rig count down 9 in newest week at 1,922. SENT: 130 words.
DETROIT– General Motors reveals two more remembers, pushing its total for the year to 71, affecting nearly 30 million vehicles in North America. The greatest of the new remembers covers simply over 430,000 Cadillac SRX and Saab 9-4X SUVs, generally in North America. By Tom Krisher. SENT: 550 words, pictures.
— MERCEDES-UNION– The United Car Employees is ramping up its efforts to gain representation of workers at the Mercedes plant in Alabama, in spite of having up until now been prevented in its attempts to organize any foreign automaker in the South. SENT: 500 words.
PARIS MOTOR SHOW-HOT WHEELS-FERRARI 458 SPECIALE A
PARIS– The leading draw at Ferraris stand at the Paris Motor Program is its 458 Speciale A – A for Aperta, Italian for open. Its whats otherwise knowncalled a spider, with an open top to give drivers the utmost Ferrari driving experience. Ferrari says the 458 is its most effective V8 sport Ferrari ever, and this limited edition variation will certainly no doubt add to that appeal. SENT: 230 words, image.
— PARIS MOTOR SHOW-HOT WHEELS-LAMBORGHINI ASTERION– Lamborghinis Asterion LPI 910-4 principle was among the most fiercely anticipated introductions of the Paris Motor Program, and the Italian supercar maker didnt dissatisfy. SENT: 270 words, picture.
— PARIS MOTOR SHOW-HOT WHEELS-AMG GT S– If theres one automobile that can challenge Lamborghini for drawing gaping crowds at this years Paris Motor Program, its the AMG GT S on display at Mercedes stand. SENT: 250 words, image.
INNOVATION amp; MEDIA:
— EUROPE-FACEBOOK-WHATSAPP– The European Unions antitrust authority accepts Facebooks proposed $19 billion takeover of the messaging service WhatsApp. SENT: 140 words.
— BITCOIN COMPANY-FTC CLAIM– A Kansas bitcoin business that was shut down after being sued by the federal government will be enabled to resume some of its company, a federal judge guidelines. SENT: 260 words.
LONDON– A contrasting photophoto of the financial recovery in the 18-country eurozone is arising. While a closely seen survey discovered that the recovery proved to be much more subdued than formerly thought during September, main European data suggested that customers were in buoyant mood throughout August. By Pan Pylas. SENT: 500 words, photo.
— IRELAND-ECONOMY– The Irish Central Bank greatly raises its financial outlook for Ireland however warns the government not to soften austerity plans in this months budget plan, the very first to be unveiled since the countrys exit from a worldwide bailout. SENT: 370 words, photo.
PANAMA CITY– A program that helped 10s of thousands of foreigners get authorization to live and work in Panama entered its last days with the opening of the last of the migration fairs that have roused nationalist sentiment in the little Central American nation. By Juan Zamorano. SENT: 400 words.
— BULGARIA-ELECTION– Bulgarians are voting Sunday in a parliamentary election that will certainly figure out whether the nation remains to construct a Russian gas pipeline that would give the Kremlin even more leverage over Europes energy market– a project the European Union opposes. SENT: 670 words, pictures.
— BRITAIN-FRANCE-SPAT– The bossIn charge of British retail chain John Lewis has said sorry for stating France is in decrease and finished. SENT: 220 words, photo.
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Difficult fall for difficult properties
Commodity rates sank last quarter, again. Everything from unrefined oil to gold to wheat fell from July with September. UPCOMING: Graphic anticipated by 6 pm
Shares of Transocean and other offshore-drilling companies are among the marketplaces worst performers, continuing a months-long trend. UPCOMING: Graphic anticipated by 6 pm