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A surge in hiring sends US stock market sharply higher

 

NEW YORK (AP) — A surge in hiring by U.S. employers last month put the stock market on track for its biggest gain in two months Friday. The solid news on the economy opened the way for the Federal Reserve to begin nudging interest rates back up toward normal levels at its policy meeting later this month. Energy stocks followed the price of crude oil lower after OPEC said it won't cut production.

Last Updated on Friday, 04 December 2015

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US adds healthy 211K jobs; unemployment steady at low 5 pct.

 

WASHINGTON (AP) — The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month.

Last Updated on Friday, 04 December 2015

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Pious California killer showed no outward signs of violence

SAN BERNARDINO, Calif. (AP) — With a young wife, infant daughter and government job, Syed Farook appeared to have arrived at a sweet-spot in life. Friends knew the 28-year-old by his quick smile, his devotion to his Muslim religion and earnest talk about cars he would restore.

Last Updated on Friday, 04 December 2015

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Fight over net neutrality rules returns to appeals court

WASHINGTON (AP) — A long-running legal battle over government rules that require Internet providers to treat all Web traffic equally is back for another round before a federal appeals court.

Last Updated on Friday, 04 December 2015

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OPEC keeps oil production at current high level

 

VIENNA (AP) — Acknowledging their inability to push up oil prices, OPEC nations on Friday effectively scrapped their official output ceiling and agreed to keep producing well above that level.

Last Updated on Friday, 04 December 2015

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Manager: Ex-Stone Temple Pilots frontman Weiland dead at 48

 

BLOOMINGTON, Minn. (AP) — Scott Weiland, the former frontman for the Stone Temple Pilots and Velvet Revolver, has died. He was 48.

Last Updated on Friday, 04 December 2015

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Congress revives the Export-Import Bank; establishment win

WASHINGTON (AP) — With little fanfare, Congress has revived the federal Export-Import Bank five months after allowing it to expire, handing a victory to business groups and a defeat to tea party conservatives and the billionaire GOP donor Koch Brothers.

Last Updated on Friday, 04 December 2015

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South India rains ease but poor urban planning feeds misery

NEW DELHI (AP) — The relentless rains that lashed southern India's Tamil Nadu state for three days eased Friday, but the misery of tens of thousands of people was far from over, with large parts of the main city still underwater along with the region's biggest airport.

Last Updated on Friday, 04 December 2015

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