U.S. jobless claims declined by 10,000 last week

Reuters: The number of Americans filing new claims for unemployment benefits declined, largely as expected last week as the impact of a California computer glitch worked its way out of the report. Initial claims for state unemployment benefits declined by 10,0000 to a seasonally adjusted 340,000, the Labor Department said on Thursday. 

 

U.S. deficit falls to $680 billion

CNNMoney: The federal government's latest annual deficit is the smallest it's been since 2008, according to U.S. Treasury Department data released yesterday. At $680 billion, the fiscal 2013 deficit is 51% less than it was in 2009, when it hit a record high nominally of $1.4 trillion. As a percent of the economy, it's also considerably smaller than it's been in the past five years, coming in at 4.1% of gross domestic product. By contrast, the annual deficit in 2009 topped 10% of GDP. And last year it was 6.8%.

 

Mobile ads fuel a jump in profit at Facebook

New York Times: Facebook, which operates the largest online social network, reported Wednesday that its profits doubled in the third quarter, to $621 million, after excluding expenses related to stock options. The company's revenue rose 60 percent, to $2.02 billion, compared with last year's third quarter. Most of that, about $1.8 billion, came from advertising.