Thursday, December 10, 2009

Quick Notes for the Day - December 10

Initial Jobless Claims Rise - The Labor Department reported that the number of people filing claims for state unemployment benefits rose by 17,000 to a seasonally adjusted 474,000. This marked the first rise in initial claims in six weeks. The number of people collecting state benefits fell by 303,000 to a seasonally adjusted 5.16 million in the week ending Nov. 28.

Trade Gap Narrows in October - The Commerce Department reported that trade deficit narrowed by 7.6% in October to $32.9 billion since exports rose faster than imports during the month. Crude oil imports were down in the month and contributed to the decrease. The deficit for the year now totals $304 billion, down sharply from $610.8 billion in the same period one year ago.

Bank of England Leaves Rates Unchanged - The Bank of England left its key lending rate unchanged at a record low of 0.5%. The central bank said its Monetary Policy Committee made no changes to the bank's 200 billion pound ($324 billion) asset-purchase program.

Natural Gas Inventories Drop - The Energy Information Administration reported that natural gas inventories fell for the first time in nine months, down 64 billion cubic feet. On the news, natural gas futures spiked up 7%.

AT&T May Have to Limit iPhone Users - By Charley Blaine - MSN - "OK, you truly wild and crazy iPhone users.

You know who you are: the ones who check out every application, play every game, call up every piece of news and check out every restaurant within 100 miles.

You are causing AT&T (T) a big problem. You're swamping the system, and AT&T, which has an exclusive right to market the iPhone in the United States, wants you to get a life and dial back. "

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