More people applied for jobless aid last week

[AP] - More people applied for unemployment benefits last week after retailers shed temporary holiday employees. The Labor Department said Thursday that the number of people seeking benefits jumped by 35,000 to a seasonally adjusted 445,000 for the week ending Jan. 8.

Higher energy and food costs lift wholesale prices

[AP] - Wholesale prices in December posted their biggest increase in nearly a year, lifted by more expensive energy and food costs. But most other prices were largely well behaved, suggesting inflation isn't spreading through the economy.

Trade deficit narrows 0.3 percent in November

[AP] - The U.S. trade deficit edged down to the lowest point in 10 months as exports, helped by a weaker dollar and rising foreign demand, climbed to the highest level in more than two years.

GE buying Lineage Power in $520 million deal

[AP] - General Electric Co. is buying privately held Lineage Power Holdings Inc. in a deal worth about $520 million so its energy unit can gain a foothold in the power conversion space.

AT&T to take $2.7 billion charge in 4Q

[AP] - AT&T Inc. plans to take a pre-tax charge of $2.7 billion in the fourth quarter because of a change in how it accounts for gains and losses for pensions and other retirement benefits.

Successful bond auctions ease euro fears, for now

[AP] - Europe got a measure of relief from its debt crisis Thursday after Spain and Italy successfully tapped investors for more money and amid reports that Germany is ready to back proposals to increase the powers and size of Europe's bailout fund.

Journalists to launch News Corp’s iPad newspaper

[AP] - Stop the presses -- completely. The world's first iPad newspaper, The Daily, is prepping for launch. Journalists have been hired and are in place at multiple U.S. bureaus, including Los Angeles and New York.

Panel: GM stock sale may trim taxpayer recovery

[AP] - By selling a block of its shares in General Motors Co. for $33 each -- a price far below the "break-even" point -- the government sharply reduced the chances of taxpayers fully recovering their $50 billion investment in the auto giant, a new report from a congressional watchdog says.

Oil hovers below $92, near 2-year high

[AP] - Oil prices hovered below $92 a barrel Thursday after signs of improving U.S. demand and rising interest from financial investors pushed crude to a two-year high.

Ahead of the Bell: Wholesale prices

[AP] - Wholesale prices probably increased in December, pushed up by more expensive energy and food costs. Economists predict that the Producer Price Index, which measure price changes before they reach consumers, rose 0.8 percent for the second straight month, according to a survey by FactSet.

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