U.S.'s World Bank nominee heads to Russia, Peru

WASHINGTON (Reuters) - The U.S. nominee to take over leadership of the World bank, Jim Yong Kim, is heading to Moscow and to Lima, Peru, on April 12-17 to seek support for his candidacy, the Treasury Department said on Thursday. Kim, a public-health expert and former president of Dartmouth College, has already been in Asia and parts of Latin and Central America to meet finance chiefs. On Wednesday, he was interviewed by World Bank directors. Two other candidates also are vying to succeed the current World Bank president, Robert Zoellick, when he steps down. ...

Jobless claims cast cloud on labor market

WASHINGTON (Reuters) - The number of Americans filing for jobless aid hit a two-month high last week and more applications were received in the prior week than initially reported, suggesting a cooling in the labor market recovery. Initial claims for state unemployment benefits increased 13,000 last week to a seasonally adjusted 380,000, the Labor Department said on Thursday, defying economists' expectations for a drop to 355,000. The prior week's count was revised to show 10,000 more applications than previously reported. ...

Google likely next in antitrust push on tech giants

Google is likely the next major tech target of US and EU trust-busters after the US Justice Department sued Apple for illegally colluding with publishers in the e-book market, legal experts said.

DOJ likely to lose eBook antitrust suit against Apple

The United States Department of Justice is likely to lose its antitrust lawsuit targeting Apple and book publishers, according to a report from CNET. A number of legal experts agree that the case against the Cupertino-based company isn’t as strong as the one against publishers. The DOJ “has a far better case against the publishers than Apple,” said Dominick Armentano, professor and author of Antitrust and Monopoly. “If the CEOs of the various publishers got together in hotel rooms to discuss prices, they are sunk” and might as well settle, he said. Within the 36-page complaint, the Justice Department recounts how publishers met over breakfast in a London hotel and during dinners at a Manhattan restaurant to discuss price-fixing. Apple

Jobless claims cast cloud on labor market

WASHINGTON (Reuters) - The number of Americans filing for jobless aid hit a two-month high last week and more applications were received in the prior week than initially reported, suggesting a cooling in the labor market recovery. Initial claims for state unemployment benefits increased 13,000 last week to a seasonally adjusted 380,000, the Labor Department said on Thursday, defying economists' expectations for a drop to 355,000. The prior week's count was revised to show 10,000 more applications than previously reported. ...