Economy Briefs: Weekly jobless aid applications drop to 343,000
The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving.
The Labor Department said Thursday that weekly applications for unemployment benefits fell 29,000 last week to a seasonally adjusted 343,000, the lowest in two months. It is the second-lowest total this year.
Applications are a proxy for layoffs, so the drop indicates that companies are cutting fewer jobs. But employers also need to step up hiring to rapidly push down the unemployment rate.
Google Maps returns to iPhone with new mobile app
SAN FRANCISCO — Google Maps has found its way back to the iPhone.
The world’s most popular online mapping system returned late Wednesday with the release of the Google Maps iPhone app. The release comes nearly three months after Apple Inc. replaced Google Maps as the device’s built-in navigation system and inserted its own map software into the latest version of its mobile operating system.
GM gives its pickups a much-needed makeover
DETROIT — General Motors is giving its big pickups a much-needed makeover.
The company unveiled new versions of its top-selling Chevrolet Silverado and GMC Sierra on Thursday, aiming to get them to showrooms by late spring or early summer.
The timing is good. The 2014 models roll into a market where truck sales are growing after a five-year slump. And GM’s current trucks are dated, hurting sales. Those trucks were last revamped in 2007, are the oldest on the market, and have fallen behind newer models from Ford and Chrysler.