Business News

New jobless claims drop to 512K, lowest since Jan.: WASHINGTON (AP) -- The number of newly laid-off workers filing claims for unemployment benefits last week fell to the lowest level in 10 months, evidence that job cuts are easing as the economy slowly heals. Still, companies are reluctant to hire... Full story

Clunker pickups traded for new pickups: WASHINGTON (AP) -- The most common deals under the government's $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas... Full story

Microsoft lays off 800 more workers worldwide: REDMOND, Wash. (AP) -- Microsoft Corp. says it is cutting 800 more jobs. That's in addition to the 5,000 layoffs it announced in January. Lou Gellos, a Microsoft spokesman, said Wednesday the cuts are being made in offices around the globe. He... Full story

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Jobless: 10 percent is tougher than it used to be WASHINGTON (AP) -- It hurts more to be unemployed now than the last time the jobless rate hit 10 percent....
House opens debate on health care overhaul bill WASHINGTON (AP) -- President Barack Obama's landmark health care overhaul moved toward a vote in the House Saturday after anti-abortion lawmakers won a chance to knock out language that would let people who get federal subsidies buy insurance plans that include abortion coverage....
G-20 finance officials: Too early to end stimulus ST. ANDREWS, Scotland (AP) -- Finance officials from rich and developing countries pledged Saturday to maintain emergency support for their economies until recovery is assured and committed themselves to urgent action on tackling climate change....
China offers Africa more trade, investment BEIJING (AP) -- China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published Saturday....
South Korean workers protest gov't labor policy SEOUL, South Korea (AP) -- Tens of thousands of South Korean workers rallied Saturday to protest the government's plan to begin implementing contentious labor laws....

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