New claims for jobless benefits dropped last week to their lowest level in four months and a four-week average of new claims, which smoothes out volatility, fell 5,250 from a week earlier. Wall ... more 
New claims for jobless benefits dropped last week to their lowest level in four months and a four-week average of new claims, which smoothes out volatility, fell 5,250 from a week earlier. Wall Street opened higher, with investors reassured by comments from Fed chairman Ben Bernanke, that the central bank would extend stimulus policies if necessary. Tata Consultancy Services, India's largest software services exporter, posted a 17 percent rise in quarterly profit and maintained an upbeat outlook, fuelled by demand from the United States. less 
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Thu, Jul 18, 2013 12:10 PM EDT