NEW YORK - Stocks bounded higher Thursday after banking giant Wells Fargo & Co. surprised the market with an early profit report that blew past analysts' expectations thanks to a strong pickup in its lending business.
Investors have been grasping at any sign of improvement in the crippled banking industry, and Wells Fargo's report Thursday that it expects first-quarter earnings of $3 billion provided an encouraging sign that a deep freeze in borrowing activity may finally be thawing. Wells Fargo said it benefited from its January acquisition of Wachovia and an increase in mortgage applications.
WASHINGTON - President Barack Obama is seeking $83.4 billion for U.S. military operations in Iraq and Afghanistan, pressing for a war supplemental spending bill like the ones he sometimes opposed when he was senator and George W. Bush was president.
Obama's request, including money to increase U.S. troops in Afghanistan, would push the costs of the two wars to almost $1 trillion since the Sept. 11, 2001, terrorist attacks, according to the Congressional Research Service. The additional money would cover operations into the fall.
WASHINGTON - New jobless claims fell more than expected last week but are stuck at elevated levels, while the number of people continuing to receive unemployment insurance approached 6 million, setting a record for the 10th straight week.
The government data released Thursday bolster recent projections from the Federal Reserve and private economists that the nation's job market will remain weak into next year as companies purge thousands more workers.
Studio Statesboro Vodcast - Wednesday, April 8, 2008
Statesboro Police are investigating a reported rape that occurred April 3, said Statesboro Police Capt. Scott Brunson.
It was shearing day at the Brannen farm off Old Register Road Wednesday as more than 20 alpacas were relieved of their winter coats. Two professional alpaca shearers from Arizona spent most of the day cutting the fleece from the llama-like animals. The alpacas also received vaccinations and had their nails trimmed. Look for more photos and information about the alpacas in Sunday's Lifestyles section.
While most people were sleeping this past Saturday morning, Michael Holsonback was busy pounding out 20+ miles on the roads of Statesboro. At 3:13 a.m., Holsonback set out to begin a 23-mile run from his home off of Pulaski Highway to Magnolia Baptist Church where his friend and teammate, Levon Jones, rests.
The hotly-debated Employee Free Choice Act won't automatically strip away the secret ballot in union certification elections, U.S. Rep. John Barrow said.
AUGUSTA - I'm convinced. Nature was perfected the day the Par 3 golf course at Augusta National Golf Club was created.
For just a moment, let's forget about Tiger, Phil, and even Padraig Harrington. Those guys will likely be in the mix come Sunday afternoon at Augusta, but here are five other names to look out for as the weekend progresses.
(Note: All information included in this report is taken from law enforcement incident reports and arrest records, which are public records and available for review at any and all local law enforcement agencies. Not every arrest leads to a conviction. Guilt or innocence is determined by the court system.)
AUGUSTA - Celebrating it's 75th anniversary in 2009, the Masters, according to the game's best players, has become the world's most prestigious golf tournament.
ATLANTA - The epic southern drought has bid most of the region adieu after sucking reservoirs dry and shriveling crops for three years.
WASHINGTON (AP) - A presidential speech to Congress is one of those all-American moments that ooze ritual and decorum.
ATLANTA - Georgia driver's licenses for immigrants with permission to be in the U.S. would be stamped with the word "noncitizen" under legislation introduced ...
A family-friendly fundraiser and benefit will use a bovine to play a rather unusual game – "Cow Patty Bingo."
Diet and exercise are the keys to keeping your new year's resolution and living a healthy lifestyle. At 180 Fitness they are focused on ...
Forest Heights Pharmacy has a full service compounding lab offering cost saving solutions other pharmacies can't. When traditional medicine does not fit your needs ...
Uniform shirts, company issued ID badges, and company branded vehicles may not seem to be a big deal, but when the safety of your family ...
The New Year is the perfect time for fresh starts. What better way to begin 2017 than refreshing the air you breathe daily in your ...
Winning is the theme for Statesboro for 2017. With this in mind, we reached out to one of the winningest local business leaders and realtors ...
There is a reason that, for over 30 years, customers continue to select Cottons Tire, now with locations in Statesboro and Sylvania, as their one ...
Pat Hirsch, president of ERA Hirsch Real Estate Team in Statesboro, is looking to expand and is currently recruiting new and existing agents who are ...
Man of the Decade