New jobless claims have dropped, according to the Labor Department, but don't call your broker just yet.
The good news is of course tempered by other news indicating that while new claims have dropped, continuing claims for jobless benefits are at an all-time high of 5.47 million. As a proportion of the work force, the number of Americans on the jobless benefit rolls is the highest since June 1983.
said on Thursday that it plans to cut more jobs and trim wages again. The company reported that its fiscal third-quarter profit tumbled 75% on severe weakness in the global economy. FedEx earned $97 million, or 31 cents per share, compared with $393 million, or $1.26 per share, a year earlier. Its revenue fell 14% to $8.14 billion, from $9.44 billion.
In other stocks news,
forecasted a profitable first quarter and full year for its struggling finance unit. The finance unit, which provides, among other things, loans for consumer credit cards and overseas home sales, has suffered because of cautious spending and losses in areas such as mortgages and commercial real estate.
With this in mind, we thought we'd take a look at some of the stocks people have been searching for on
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