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NEWS

US unemployment aid applications stay at 370,000

Thursday, May 17, 2012 6:20am

In Thursday, April 12, 2012 photo, Paul Kader II fills out a job application during a career fair in Buffalo, N.Y. The number of people seeking U.S. unemployment benefits was unchanged last week, suggesting steady gains in the job market. The Labor Department said Thursday, May 17, 2012 that weekly unemployment aid applications stayed at a seasonally adjusted 370,000, the same level as the previous week. The four-week average, a less volatile measure, fell for the second straight week, to 375,000. (AP Photo/David Duprey)The number of people seeking U.S. unemployment benefits was unchanged last week, suggesting modest but steady gains in the job market.


CA museum gets big gift to build shuttle exhibit

Thursday, May 17, 2012 6:15am

FILE - An Oct. 12, 2002 file image provided by NASA shows the space shuttle Endeavour sitting on the launch pad at the Kennedy Space Center in Cape Canaveral, Fla. With the space shuttles retired, Endeavour will head to the California Science Museum in the fall. The museum announced it has raised nearly half of its $200 million fundraising goal for a new exhibit to house Endeavour. (AP Photo/NASA, Kim Shiflett, File)The California Science Museum said it has raised nearly half of the $200 million needed to build a permanent exhibit for the space shuttle Endeavour.


Human Genome board adopts 'poison pill' measure

Thursday, May 17, 2012 6:14am

Biotech drugmaker Human Genome Sciences Inc.'s board has adopted a "poison pill" shareholder rights plan to ward off unsolicited takeover bids, and it also has rejected a buyout offer worth nearly $2.6 billion from British pharmaceutical giant GlaxoSmithKline plc.

Wal-Mart posts strong profit as U.S. sales jump

Thursday, May 17, 2012 6:13am

Shoppers cart their purchases from a Wal-Mart store in Mexico City(Reuters) - Wal-Mart Stores Inc posted a better-than-expected quarterly profit on Thursday as more people shopped its established U.S. discount stores and spent more money. The world's largest retailer, which was recently rocked by allegations of bribery in Mexico, earned $1.09 per share from continuing operations, compared with a profit of 98 cents a year earlier. An earlier Easter and warmer weather contributed to the gains, the company said. Wal-Mart had forecast earnings per share of $1.01 to $1.06. Analysts, on average, expected it to earn $1. ...


'Ring of Fire' eclipse visible from China to Texas

Thursday, May 17, 2012 6:08am

File-In this Jan.15,2010 file photo showing a combination of three separate photographs, the various stages of an annular solar eclipse seen over Anuradhapura, Sri Lanka. An annular solar eclipse occurs when the moon blots out all but a ring around the sun. This year's solar show can be viewed from eastern Asia to parts of North America. (AP Photo/Eranga Jayawardena,File)Sunrises and sunsets often dazzle, but they'll have a special ring to them in a few days for people in the western United States and eastern Asia: The moon will slide across the sun, blocking everything but a blazing halo of light.


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