Jobless Claims Fall to Lowest Level Since July 2008

Initial jobless claims fell to the lowest level since July 2008 last week, dropping 34,000 to 407,000 in the week ending Nov. 20, the Department of Labor said Wednesday.

The figures were sharply lower than economists’ forecast of 435,000.

Employers…

Asics to Offer Cheaper Shoes in Bid to Boost Sales

Asics Corp. (ASCCF) plans to start selling cheaper shoes in a bid to boost its sales.

Asics will start selling shoes with a recommended retail price of about $60. Previously, it sold running shoes priced between $75 and $125, leaving the lower end of…

Tiffany Earnings Sparkle on Higher Sales

Strong sales at home and abroad helped the high-end jeweler post a 27% increase in net earnings in the third quarter, with some analysts predicting a return to luxury shopping this holiday season.
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