AP Business NewsBrief at 5:58 a.m. EDT
(Associated Press Via Acquire Media NewsEdge) Fourth straight month of strong US hiring expectedWASHINGTON (AP) _ The U.S. economy probably generated more than 200,000 jobs in March, capping the best four months of hiring since before the recession. Economists expect that U.S. employers added 210,000 jobs last month and that the unemployment rate remained at 8.3 percent for the third straight month, according to a survey by FactSet.
Asia stocks muted in holiday-thinned tradingBANGKOK (AP) _ Asian stock markets were muted Friday in holiday-thinned trade ahead of a monthly U.S. hiring report. The payrolls report for March will be watched for further confirmation of a recovery in the world's biggest economy but market reaction will be largely delayed until Monday because of the Easter long weekend.
Nokia town faces dim future as jobs shift to AsiaSALO, Finland (AP) _ Tomi Marjuaho repaired mobile phones for 10 years in the town of Salo in southern Finland, where Nokia, the world's top cell phone-maker, set up its wireless operations in the 1980s. He took a severance package in 2010, as Nokia started hitting hard times, and has not found work since.
Samsung expects record operating profit for 1QSEOUL, South Korea (AP) _ Samsung Electronics is expecting a record operating profit of $5.1 billion for the first quarter of this year. The Suwon, South Korea-based company said Friday the result would be a 97 percent rise from its operating profit a year earlier.
Drilling fees pay for new national forest landsOffshore drilling fees are financing the purchase of $41.6 million worth of new national forest lands in 15 states. Agriculture Secretary Tom Vilsack said Thursday the 28 different purchases from North Carolina to Oregon will protect clean water and fish and wildlife habitat, absorb private inholdings within wilderness areas, and support outdoor recreation spending that contributes $14.5 billion annually to the economy.
Yahoo CEO tries to reassure workers after layoffsSAN FRANCISCO (AP) _ Yahoo CEO Scott Thompson plans to tell the struggling Internet company's employees more about his turnaround strategy next week. Thompson also sought to boost sagging employee morale in a staff memo Thursday. It came a day after Yahoo Inc. began laying off 2,000 workers in the biggest purge in the company's 17-year history.
LA NFL stadium developer releases impact planLOS ANGELES (AP) _ A group seeking to bring the NFL back to Los Angeles unveiled a massive environmental plan Thursday, laying out ways to deal with the traffic nightmare that throngs of fans could create around the proposed $1.4 billion downtown stadium on game days. Required under a state agreement to make the planned 72,000-seat Farmer's Field environmentally friendly, Anschutz Entertainment Group said it will spend about $35 million to reduce the traffic footprint by, among other things, expanding the nearby U.S. 101 freeway and a commuter train station.
NRC chief heads to sickly Calif nuke plantLOS ANGELES (AP) _ The twin reactors at the San Onofre nuclear plant have been sidelined, more than 300 tubes that carry radioactive water will be scrapped because of excessive wear, and investigators are trying to figure out why tubing is rattling inside the lungs of the plant _ its massive steam generators. How sickly is San Onofre?
Fed issues guidelines for banks converting homesWASHINGTON (AP) _ The Federal Reserve has issued policy guidelines for banks turning foreclosed homes they own into rentals, a trend that could help boost falling home prices. The central bank said Thursday that banks making the conversions should preserve needed documents and meet all federal, state and local laws that apply to renting.
Google creates a spectacle with projectNEW YORK (AP) _ If you think texting while walking is dangerous, just wait until everyone starts wearing Google's futuristic, Internet-connected glasses. While wearing a pair, you can see directions to your destination appear literally before your eyes. You can talk to friends over video chat, take a photo or even buy a few things online as you walk around.
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