Thursday, February 28, 2013 – 09:30 a.m.
Here’s some news of interest flowing across the transom this Thursday morning.
San Bernardino County tally for Dorner manhunt at $550,000
The San Bernardino County Sheriff’s Department has pegged the cost of the manhunt for Former Los Angeles Police Department Officer Christopher Dorner at $550,000. The amount consists primarily of salary and overtime-related costs.
First-Time claims for unemployment benefits drops to 344,000
The U.S. Department of Labor reported on Thursday morning that the number of people filing for initial unemployment benefits fell 20,00o to a seasonally-adjusted 344,000 last week.
The four-week moving average of claims feel to 355,000.
Fourth Quarter GDP adjusted up slightly
The Gross Domestic Product for the 4th quarter of 2012 grew at an anemic 0.1%.
The Commerce Department revised the number upward from the original reading of -0.1%.
Death of J.C. Penney?
J.C. Penney reported a mega-loss of more than a half-billion dollars Thursday morning.
Most analyst are questioning the future viability of the company as a going concern.