Daily business briefing: Unemployment applications fall by 350,000

October 24, 2013 

The number of Americans seeking unemployment benefits dropped 12,000 to a seasonally adjusted 350,000 last week. Weekly applications have been inflated for the past three weeks, largely because California has been processing a large number of applications that were delayed because of a computer upgrade. Read more at http://www.bnd.com/business. ...

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Ford is reporting earnings of $1.3 billion, or 31 cents per share, down 14 percent from a year ago. The decline was due to special items, including a $250 million charge for restructuring in Europe. The automaker's revenue rose 12 percent to $36 billion as 1.5 million cars and trucks were sold during the quarter. Find out more at http://www.bnd.com/business. ...

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Average fares at Southwest Airlines Co. are rising as fuel cost decline. The airline's third-quarter net income jumped to $259 million, or 37 cents per share, from $16 million, or 2 cents per share, a year earlier. For more information, go to http://www.bnd.com/business. ...

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The parent company of United Airlines, United Continental Holdings Inc., has reported earnings of $379 million, or 98 cents per share, for the quarter. During the same period last year United had a profit of $6 million, or 2 cents per share. Read more at http://www.bnd.com/business.

-- Will Buss, BND business writer

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