Never Look Again!

NEW YORK (AP) — Strong corporate earnings reports and the lowest unemployment claims in almost four years gave investors more reasons Thursday to take risks on stocks, and the market continued its quiet but solid January climb.
The Dow Jones industrial average gained 45.03 points to close at 12,623.98.Read more on NewsOK.com

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WASHINGTON (AP) — The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008.Read more on NewsOK.com

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GENEVA (AP) — Drug maker Novartis will cut 1,960 jobs in the United States this year in anticipation of lower sales for two of its hypertension drugs, the Swiss company said Friday.
Basel-based pharmaceutical giant Novartis AG said the cuts will affect 1,630 sales positions in the field and 330 posts at its U.S. headquarters in New Jersey.
The restructuring was necessary because of the expiry of its patent for the best-selling hypertension drug Diovan and the failure of a clinical study into another hypertension drug, Tekturna, Novartis said.
“We recognize that the next two years will be challenging in the Pharmaceuticals Division and we are proactively making these changes to further focus our pipeline on the best opportunities and align our market position on our growth brands,” the head of Novartis’ pharmaceuticals division, David Epstein, said in a statement.Read more on NewsOK.com

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WASHINGTON (AP) — Applications for weekly unemployment benefits spiked last week, largely because companies let go of thousands of workers after the holiday season.
Weekly applications rose by 24,000 to a seasonally adjusted 399,000, the Labor Department said Thursday.Read more on NewsOK.com

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NEW YORK (AP) — Stocks were mixed in afternoon trading Thursday after an increase in unemployment claims and tepid retail sales dampened optimism about strong bond auctions in Italy and Spain.
The Dow Jones industrial average was down 4 points to 12,445 shortly after 2 p.m.Read more on NewsOK.com

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