This screen grab made from Yahoo Inc.'s Tumblr page shows the company's new logo in a post published on Wednesday, Sept. 4, 2013. Yahoo has adopted a new logo for the first time since shortly after the Internet company's founding 18 years ago. The redesigned look unveiled late Wednesday is part of a makeover that Yahoo Inc. has been undergoing since the Sunnyvale, Calif., company hired Google executive Marissa Mayer to become Yahoo's CEO. (AP Photo/Yahoo Inc.)
Yahoo reveals first updated logo in 18 years
Yahoo has refreshed its logo for the first time since shortly after the Internet company’s founding 18 years ago. The new look is part of a makeover that Yahoo Inc. has been undergoing since the Sunnyvale, Calif., company hired Google executive Marissa Mayer to become Yahoo’s CEO 14 months ago. Mayer has already spruced up Yahoo’s front page, e-mail and Flickr photo-sharing service, as well as engineered a series of acquisitions aimed at attracting more traffic on mobile devices. The shopping spree has been highlighted by Yahoo’s $1.1 billion purchase of Tumblr, an Internet blogging service where the company rolled out its new logo.
Initial jobless claims declined last week
Fewer Americans than forecast filed applications for unemployment benefits last week, indicating the labor market is improving. Jobless claims declined by 9,000 to 323,000 in the week ended Saturday, less than the lowest estimate of economists surveyed by Bloomberg, from a revised 332,000, according to Labor Department data. Employers are holding the line on dismissals, setting the stage for a pickup in hiring to meet any acceleration in demand as the effects of federal budget cuts and higher payroll taxes begin to wane. Growth in employment and rising incomes will help sustain consumer spending, which accounts for about 70 percent of the economy.
Factory orders down, but less than expected
Orders placed with U.S. factories fell less than forecast in July as rising fuel prices propelled the biggest gain in nondurable goods in a year. The 2.4 percent decrease in bookings followed a revised 1.6 percent gain in the prior month, a Commerce Department report showed. The median forecast of 62 economists in a Bloomberg survey called for a decline of 3.4 percent. Demand for nondurable goods climbed 2.4 percent, the most since July 2012, as petroleum sales shot up 7.3 percent. The report also showed that orders for capital equipment dropped more than estimated in last week’s durable goods report, a sign business investment was off to a slow start in the third quarter.
Sales of plug-in cars set record last month
General Motors and Nissan, the biggest sellers of rechargeable cars, posted record U.S. plug-in sales in August as their low-cost leases pushed battery-vehicle deliveries this year past 2012’s tally. GM delivered 3,351 Chevrolet Volt plug-in sedans last month, up 18 percent from a year earlier, and Nissan’s all-electric Leaf hatchback sales more than tripled to 2,420, the companies said. U.S. plug-in hybrid and battery car sales totaled 57,976 in 2013’s first eight months, more than the 51,938 for all of last year, data compiled by Autodata Corp. show.
United to recall all of its furloughed pilots
United Continental Holdings Inc., the world’s largest carrier, said it’s recalling all of its almost 600 pilots who have been on furlough to fill future staffing needs. Training classes for those pilots begin next month and will run through the end of the year, United said. The recalled pilots will join their 12,000 peers at United, which merged with Continental Airlines in 2010, surpassing Delta Air Lines as the world’s biggest carrier. United didn’t specify which types of airplanes the recalled pilots will fly, nor the average length of the furloughs.
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