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Jobless claims drop

New applications for jobless benefits dropped by 12,000 to 350,000 for the week ending Dec. 22, the U.S. Department of Labor announced Dec. 27.

Unemployment down to 7.8 percent in September

The U.S. economy added 114,000 workers in September as the unemployment rate fell to 7.8 percent, representing the lowest such mark since President Obama took office.

Report: IBM shows interest in Research in Motion unit

IBM Corp. may be interested in acquiring the enterprise-services unit of struggling cell phone manufacturer Research In Motion Ltd., according to a report by Bloomberg News.