Jobless claims reported at lowest in 5 years

Posted: January 25, 2013 at 3:25 a.m.

The number of Americans seeking unemployment aid fell last week to the lowest level in five years, but the decline may reflect the government’s difficulty adjusting its numbers to account for layoffs after Christmas, experts say. The Labor Department said Thursday that weekly unemployment benefit applications dropped 5,000 to a seasonally adjusted 330,000. That’s the fewest since January 2008.

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United reports $620 million loss

A ground crew worker loads a Southwest Airlines Co. plane in San Diego last spring. The airline said Thursday that its average fare climbed almost $8 in the fourth-quarter compared with a year ago.

United Continental Holdings Inc. reported a $620 million quarterly loss on Thursday as travelers stayed away a... Read »

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Big 12 battlers now SEC foes

South Carolina coach Frank Martin calls out during his team's NCAA college basketball game against Missouri on Tuesday, Jan. 22, 2013, in Columbia, Mo. Missouri won 71-65. (AP Photo/St. Louis Post-Dispatch, Chris Lee)

Saturday will mark the first SEC match up between Arkansas Coach Mike Anderson and South Carolina Coach Frank ... Read »