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Business

  • World Cup defeat hurts stocks
    Argentina and Germany face off in the World Cup final on Sunday and investors in both countries will do well to be alert to potential drops on their stock markets the day after in case of defeat.
  • Big Tobacco companies in merger talks
    Big Tobacco may soon get smaller. The makers of Camel and Newport cigarettes said Friday they are in talks to combine two of the nation’s oldest tobacco companies. A deal between Reynolds American Inc.
  • Jobs coming to Kosciusko
    Kosciusko County will be getting a boost to its employment base after a business requested a $22 million tax abatement this week for new equipment.
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Unemployment aid applications drop

The number of people seeking U.S. unemployment benefits dropped 12,000 to a seasonally adjusted 350,000 last week, though the total was elevated for the third straight week by technical problems in California.

The Labor Department says the less volatile four-week average jumped by nearly 11,000 to 348,250.

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