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September 03, 2010
Companies add 67K workers, but jobless rate rises
[AP] - Private employers hired more workers over the past three months than first thought, lifting hopes for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose in August for the first time in four months as more people entered the market looking for work.
Latest Gulf oil rig problem differs from BP spill
[AP] - Unlike the blast that led to the massive BP spill, the latest oil platform fire in the Gulf of Mexico killed no one and sent no crude gushing into the water.
Campbell reports Q4 profit rise on better margins
[AP] - The Campbell Soup Co. reported a larger profit Friday for its fourth fiscal quarter, a time when the temperature rises and its soup sales traditionally drop.
Earl sideswipes Outer Banks, heads for Northeast
[AP] - A weakened Hurricane Earl delivered only a glancing blow to North Carolina's Outer Banks early Friday on its way up the East Coast, flooding the narrow vacation islands and knocking out power but staying farther offshore than feared.
Stocks extend September rally after jobs report
[AP] - Stocks extended their rally Friday after an encouraging report on jobs lifted hopes about the pace of economic growth. The Dow Jones industrial average about 74 points in morning trading.
Service sector grows at slower pace in Aug
[AP] - A trade group says the U.S. service sector, which provides most of jobs in the country, expanded for the eighth straight month in August, but the pace of growth slowed.
Goldcorp to buy Andean Resources for $3.42 billion
[AP] - Canada's Goldcorp Inc. said Friday it has agreed to buy Andean Resources Ltd. for about 3.6 billion Canadian dollars , trumping a rival bid from Eldorado Gold Corp.
Oil falls below $75 ahead of US jobs report
[AP] - Oil prices fell below $75 a barrel Friday ahead of closely watched U.S. employment report that will inform traders about the strength of future energy demand from the No. 1 economy.
China orders action to cool food prices
[AP] - China has ordered local leaders to cool a surge in politically sensitive food prices by raising vegetable production amid rising tensions in poor countries over surging food costs.
BP says cost of Gulf of Mexico spill hits $8B
[AP] - BP says it has so far spent $8 billion responding to the disastrous oil well blowout in the Gulf of Mexico. The company said Friday that the total included $399 million paid to settle 127,000 claims from businesses and other affected by the oil spill.
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