Jul. 25, 2014 10:21 am
Question
Welcome!
|
||
Logout|My Dashboard

Dow breaks 17,000...Robust jobs report...Service sector expanding...Google accused of censorship

Print
Font Size:
Default font size
Larger font size

Posted: Thursday, July 3, 2014 10:35 am

NEW YORK (AP) — A strong jobs report has pushed stocks higher this morning, with the Dow breaking through the 17,000 threshold for the first time. The government said employers added far more jobs last month than economists had been expecting. The Dow was up 65 points after the first hour of trading, while the broader indexes are also higher. The market will close at 1 p.m. Eastern time today for the Independence Day holiday.

WASHINGTON (AP) — Hiring over the past five months has been the strongest since the late 1990s tech boom. The Labor Department says the economy added 288,000 jobs in June, and it revised the job gains for April and May upward. Over the past 12 months, the economy has added nearly 2.5 million jobs — 208,000 a month, the fastest year-over-year pace since May 2006. Meanwhile, the unemployment rate fell to 6.1 percent its, lowest level since September 2008. The number of long-term unemployed has dropped to just under 3.1 million.

WASHINGTON (AP) — The Institute for Supply Management says the U.S. service sector expanded again last month, though at a slightly slower pace than in May. The trade group of purchasing managers says its service-sector index slipped to 56 in June, but any figure above 50 indicates expansion. The ISM survey found orders and hiring grew faster in June.

WASHINGTON (AP) — Express Scripts is dramatically scaling back its coverage of compounded medications. The nation's largest pharmacy benefit manager says most of the custom-mixed formulas are ineffective or overpriced. Express Scripts plans to drop coverage of 1,000 drug ingredients commonly found in such medications in a move it says will lower customers' compounded drug costs by 95 percent. Pharmacists are blasting the change, saying it will deprive patients of crucial medications not available as traditional manufactured drugs.

BRUSSELS (AP) — Google is removing some search results in Europe to comply with a strict privacy ruling made by the European Union's top court that enables citizens to ask for the removal of embarrassing personal information that pops up on a search of their names. But now, British media are accusing Google of censorship. The Guardian newspaper says six articles have been removed in what it calls a "challenge to press freedom." The BBC says it has a blog entry removed, while the Mail Online saw four articles removed.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Rules of Conduct

  • 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
  • 2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK.
  • 3 Be Truthful. Don't knowingly lie about anyone or anything.
  • 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
  • 6 Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Welcome to the discussion.

Online poll

Do governor candidates Charlie Crist or Rick Scott have your trust?

A Quinnipiac University poll found that only 39% of those polled say they thought Crist is honest, and only 40% said Scott is.

Total Votes: 204

Loading…

SUBMIT PHOTOS & VIDEOS | VIEW ALL PHOTOS & VIDEOS

Send your photos & videos to Pix@MySuncoast.com and you could be featured on ABC 7 & our website.