There were 439,000 first-time claims for unemployment insurance last week, up by 78,000 from the week before, the Employment and Training Administration says. Behind the big increase: Superstorm Sandy, which threw some people in the Mid-Atlantic onto the unemployment rolls and shut down state unemployment offices the week before — meaning that some claims were postponed into last week.
Originally published on Thu November 15, 2012 5:32 pm
Update at 11:30 a.m. ET: Oil giant BP has agreed to plead guilty to criminal misconduct related to the 2010 Gulf Oil spill and will pay a record $4 billion in criminal penalties, the company just confirmed. And it will pay $525 million in civil penalties in a resolution with the Securities and Exchanges Commission. BP will make the payments over six years.
Good morning. I'm Steve Inskeep. First, they taxed the rich, and the people said nothing. Then they went after the Nutella. The French Senate approved a measure tripling the tax on palm oil and other vegetable oils. It would sharply raise the cost of making Nutella, a popular chocolate and hazelnut spread. The tax is meant to cut down on obesity, but has prompted an outcry from Nutella lovers. And the maker of the spread promises the recipe will not change. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.