| The KUIK Market Update for Thursday, May 2: | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 62 | points | 14,763 | 7:51 AM | ||
| S&P500 | Up | 0.53% | percent | 1,591 | 8.41 | points | |
| Nasdaq Composite | Up | 0.79% | percent | 3,325 | 26.16 | points | |
| 30 Year Treasury | Down | (0) | Basis Points | 2.84 | Annual Yield | ||
| The Labor Department reports Initial jobless claims dropped by 18,000 to a seasonally adjusted 324,000 in the week ended April 27, the lowest level since January 2008. Economists surveyed by MarketWatch expected claims to rise to 345,000 from a revised 342,000 in the week before. | |||||||
| Marketwatch reports failed investment bank Lehman Brothers is suing Intel , saying the company broke $1 billion swap deal. Lehman is looking to recover an unspecified amount for the alleged breach of agreement. | |||||||
| Intel has named Brian Krzanich as its next chief executive, succeeding Paul Otellini and continuing a trend of promoting from within. Mr. Krzanich has worked as Intel’s chief operating officer since January 2012. He joined the company in 1982, and will take on his new role at this month’s annual stockholders meeting | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-lowest-since-january-2008-2013-05-02 | |||||||
| http://www.marketwatch.com/story/lehman-sues-chipmaker-intel-over-1-bln-swap-deal-2013-05-02?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/intel-names-krzanich-as-new-ceo-2013-05-02 | |||||||
| For today’s Market Update Report click to listen-> | |||||||