Originally published on Thu November 15, 2012 8:56 am
There were 439,000 first-time claims for unemployment insurance last week, up by 78,000 from the week before, the Employment and Training Administration says. Behind the big increase: Superstorm Sandy, which threw some people in the Mid-Atlantic onto the unemployment rolls and shut down state unemployment offices the week before — meaning that some claims were postponed into last week.
Originally published on Thu November 15, 2012 6:32 pm
Update at 11:30 a.m. ET: Oil giant BP has agreed to plead guilty to criminal misconduct related to the 2010 Gulf Oil spill and will pay a record $4 billion in criminal penalties, the company just confirmed. And it will pay $525 million in civil penalties in a resolution with the Securities and Exchanges Commission. BP will make the payments over six years.
Anthony Kuhn talks with Linda Wertheimer on 'Morning Editon'
Update at 1:30 p.m. ET. Firing Continues:
"Intensive fire" has continued through the day across the border of Israel and the Gaza Strip, correspondent Linda Gradstein, who is in Jerusalem, tells our Newscast Desk.
Hamas has now fired more than 130 rockets toward southern Israel and the Israeli military continues to fire at targets in Gaza. Palestinian officials report at least 13 deaths on their side of the border. The death toll in Israel remains at three.
White House spokesman Jay Carney today told reporters that:
When President Obama sets off to Asia this weekend to highlight his so-called pivot to the region, he will make a bit of history: Obama will become the first sitting U.S. president to visit Myanmar.
The country, also known as Burma, was a pariah state for decades, ruled by a ruthless military dictatorship. That is changing, and the Obama administration has encouraged a dramatic reform process in the country. But it may be too early for a victory lap.