Daily Intel

Applications for US jobless aid up, but from very low level
WASHINGTON (AP) — More Americans sought unemployment aid last week, though the number of applications remains at a historically low level that is consistent with a healthy job market. Weekly applications increased 10,000 to a seasonally adjusted 274...
May 21, 2015 | 7:21 AM
Johnson & Johnson expects lucrative return on drug pipeline
NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson is predicting big returns from its prescription drug business, both financially and medically, as it develops treatments and strategies to intervene earlier and prevent or reduce the damage from...
May 21, 2015 | 6:21 AM
Why many experts missed this: Cheap oil can hurt US economy
[...] despite their savings at the gas pump, consumers have slowed rather than increased their spending. Cheaper oil and gas had been expected to turbocharge spending and drive growth, more than making up for any economic damage caused by cutbacks...
May 21, 2015 | 6:21 AM
Spotify introduces video, radio service
NEW YORK (AP) — While saying that it is still a music company at heart, Spotify says it is expanding its lineup to include podcasts, news radio and video streaming. Spotify's video offerings are a "logical extension of the company's success in...
May 21, 2015 | 5:21 AM
BHP Billiton pays $25M to settle SEC anti-bribery complaint
NEW YORK (AP) — BHP Billiton has agreed to pay $25 million to settle Securities and Exchange Commission charges that it violated anti-bribery laws by failing to have a proper system in place to prevent the risk of bribery when it paid for trips of...
May 21, 2015 | 5:21 AM
Rising inequality holding back economic growth, report warns
PARIS (AP) — The widening gap between haves and have-nots in much of the developed world not only raises concerns about the fraying social fabric — it’s also dramatically holding back economic growth, according to a new global study. Far from...
May 21, 2015 | 4:21 AM
Target beating Wal-Mart in race for turnaround
Target Corp. on Wednesday reported a nearly 52 percent surge in its first-quarter profit on strong sales of more profitable items like fashion and baby products, evidence that its efforts to turn around its business are paying off. The results...
May 21, 2015 | 3:21 AM
Fed minutes show officials split over economic slowdown: temporary or longer lasting?
WASHINGTON (AP) — Fed minutes show officials split over economic slowdown: temporary or longer lasting?
May 21, 2015 | 3:21 AM
Obama’s trade allies scramble to line up 60 Senate votes
WASHINGTON (AP) — Supporters of President Barack Obama’s trade agenda are scrambling to keep Senate foes from killing it Thursday before a full-blown debate even begins. They need 60 votes in the 100-member Senate to keep a mostly Democratic-...
May 21, 2015 | 2:21 AM
US stock indexes edge lower; Etsy sinks after posting loss
NEW YORK (AP) — Stocks are edging mostly lower in midday trading as investors look over some disappointing company results. Staples fell 2 percent after posting a sharp drop in first-quarter earnings, and home improvement retailer Lowe's sank 5...
May 21, 2015 | 2:21 AM