Reuters - Enbridge Inc's chief executive said on Friday he was unable to say when the company would be able to restart the Michigan pipeline that ruptured earlier this week, spilling more than 800,000 gallons of oil.
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Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.
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NEW YORK (Reuters) - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.


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AP - The number of rigs actively exploring for oil and natural gas in the U.S. increased by one this week to 1,586.
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WASHINGTON (Reuters) - New claims for unemployment benefits slipped last week, but stayed at a stubbornly high level that underscored the labor market recovery was having trouble gaining traction.


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AP - JOBLESS CLAIMS DROP: New requests for unemployment benefits dropped last week by 11,000 to 457,000, the third drop in four weeks.
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NEW YORK (Reuters) - The Federal Reserve's balance sheet decreased in the latest week, Fed data released on Thursday showed.


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AP - RATES KEEP FALLING: Mortgage company Freddie Mac said the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week.
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People wait in line to enter the City University of New York (CUNY) Big Apple job fair in New York, April 23, 2010. REUTERS/Shannon StapletonReuters - New claims for unemployment benefits slipped last week, but stayed at a stubbornly high level that underscored the labor market recovery was having trouble gaining traction.


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In this July 20, 2010 photo, Haley Wright, left, human resources professional with Plastipak Packaging Inc., meets with a prospective job applicant during a National Career Fairs Job Fair in Plano, Texas. New jobless claims fell last week for the third time in four weeks, but remain above 450,000, where they have been all year. (AP Photo/Tony Gutierrez)AP - New jobless claims fell last week for the third time in four weeks but remain elevated. The decline is a sign that the economy likely added jobs in July, although not enough to lower the nation's high unemployment rate.


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