The number of Americans filing first-time claims for unemployment insurance fell to the lowest level since July 2008 last week, showing further strength in the labor market after the jobless rate declined to a 21-month low.
On the evening of Dec. 10, 2007, pilot Kenny Edwards got the order to fly a Continental Airlines Inc. commuter flight from Tampa, Florida, to West Palm Beach. He told his dispatch supervisor he wouldn’t do it.
United Continental Holdings Inc. can’t use the Continental Airlines code on 70-seat jets operated by its regional partners because a labor contract requires planes of that size to be flown by Continental pilots, an arbitrator ruled.
The U.S. government rested its case yesterday in a prosecution that may provide a preview of next year’s trial of Galleon Group LLC co-founder Raj Rajaratnam, accused of helping direct the largest-ever hedge fund insider trading scam, Bloomberg News’ David Glovin reports.