Hiring is up, but so is unemployment

Despite growing unease in the financial markets, the American economy is gathering steam, adding an unexpectedly large number of jobs last month.
The Labor Department’s monthly snapshot of the job market, released on Friday, showed that employers added 290,000 jobs in April, the largest gain in four years, and that they did so […]

EPIC insurance brokerage acquires Marin’s Jeffrey Stephens brokerage

Edgewood Partners Insurance Center, better known as EPIC, said Thursday it’s acquired Jeffrey Stephens Insurance Services, a San Rafael-based retail insurance brokerage.
Financial terms were not disclosed, nor was the exact size of the Marin brokerage.
EPIC said that founder/principal Jeffrey Stephens and his team will move to EPIC’s downtown San Francisco office, which it said now […]

Toyota investigating all its SUVs

Toyota has announced that it will now check all of its SUVs for problems similar to the one uncovered by Consumer Reports in the Lexus GX 460 SUV.
The magazine said Tuesday that there was an increased risk of rollover during a turn, a problem it discovered during routine tests. It urged car shoppers not […]

AirTran sets quarterly record for traffic

AirTran Airways had another record quarter for traffic, the airline said Monday.
Traffic, also known as revenue passenger miles, jumped 7.5 percent to 4.4 million in the first quarter. Traffic also spiked 9.6 percent in March.
Load factor — how full planes were — was also up by 0.9 percentage points to 77.2 percent in the first […]

TXU Energy to help Stripes save on energy

Stripes convenience stores throughout Texas stand to gain up to $175,000 in rebates by joining TXU Energy's Energy Efficiency Rebate Program, which gives businesses rebates for implementing sensible procedures to conserve energy in their facilities.
Harlingen-based Stripes has signed a 29-month contract with TXU Energy and agreed to retrofit T12 fluorescent fixtures with energy-efficient T8s as […]

You can’t file for your $8,000 homebuyer tax credit

Did you purchase a home after Nov. 6? Don’t expect your $8,000 homebuyer tax credit any time soon.
UPDATED: IRS releases new form, begins accepting claims again
Since Congress passed the tax credit last February as part of the stimulus program, more than 1.4 million buyers have scrambled to take advantage of it, according to […]

Iraqi and Iranian forces in oil well standoff

Iraqi and Iranian forces are dug in on either side of a disputed inactive oil well in the sensitive border area, with Iraqis vowing to fight if necessary to fend off another occupation of the well by Iranian soldiers.
Iraqi troops say they will defend the well, where Iranian troops raised a flag for several […]

China Trade Surplus to Fall 19% as Imports Surge, Merrill Says

China’s trade surplus may slide 19 percent in 2010 as imports surge because of growing domestic demand, Bank of America-Merrill Lynch said.
The amount will narrow to $160 billion from an estimated $198 billion this year, Lu Ting, a Hong Kong-based economist for Merrill, said in an interview today.
A smaller surplus may reduce […]

Mounting debt seen as threat

OTTAWA–Mounting governmental and household debt are posing new risks to the stability of financial systems, the Bank of Canada said Thursday in its latest analysis.
The central bank’s semi-annual Financial System Review finds that overall conditions have improved in the short term since it last reported in June.
But it adds that record-high debt […]

Lambert to ink $40 million cargo development deal

St. Louis airport officials have been working for four years on a plan to develop new cargo facilities on the north side of Lambert-St. Louis International Airport.
Today, they expect to make that plan official.
At its meeting this afternoon, the Airport Commission is set to vote on a deal to redevelop 76 acres […]