Back to: Your Money Matters
April 05, 2012 02:23 PM

Thursday Afternoon Business Brief

Stocks have traded in a mixed pattern today. The market will be closed tomorrow because of Good Friday.

  • The Labor Department says the number of people seeking U.S. unemployment benefits fell to a four-year low last week, suggesting employers kept hiring in March at a healthy pace. New applications were down 6,000 to a seasonally adjusted level of 357,000. The government tomorrow releases the monthly unemployment report. 
  • Ford says it will expand its biggest factory complex in China to meet growing demand in the world's largest car market. The $600 million expansion will include a new assembly line, body shop and paint shop in southwestern China, the site of the company's largest manufacturing operation outside of the Detroit area. 
  • Children in California will still be able to get toys with their Happy Meals. A San Francisco judge has dismissed a proposed class-action lawsuit that sought to stop the fast food giant from using toys to market its meals to children in the state. The suit had been filed by a mother of two, and The Center for Science in the Public Interest, the advocacy group based in Washington, D.C.
  • Ferdinand Alexander Porsche has died in Austria at the age of 76. He's the design chief credited with the classic 911 sports car and grandson of the automaker's founder.
  • Business
  • Economy/Stocks
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