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Stocks rising...Jobless claims dip...Producer prices decline

By The Associated Press | Posted - May 14, 2015 at 9:01 a.m.



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NEW YORK (AP) — Stocks are climbing in early trading on Wall Street. The Dow Jones industrial average has been up more than 150 points. Traders are sizing up the latest batch of corporate earnings and a government report indicating that applications for unemployment benefits fell to a 15-year low last week. Technology companies are rising the most.

WASHINGTON (AP) — The Labor Department says the number of people seeking U.S. unemployment benefits ticked lower last week, pushing down the four-week average of applications to its lowest level since April 2000. Weekly applications fell 1,000 to a seasonally adjusted 264,000 last week. That's just above a 15-year low reached three weeks ago. The average, a less volatile figure, dropped 7,750 to 271,750, the lowest in 15 years.

WASHINGTON (AP) — A sharp drop in the cost of gasoline and food has pushed down overall U.S. producer prices. The Labor Department says its producer price index fell 0.4 percent in April after rising 0.2 percent in March. But even excluding volatile food and energy categories, the core index slipped 0.2 percent last month, brought down in part by lower shipping costs. The index measures prices of goods and services before they reach consumers.

DENTON, Texas (AP) — The Sally Beauty chain is confirming that it has suffered a second data breach. The beauty products seller notified customers earlier this month that it was investigating reports of unusual activity on payment cards used at some of its U.S. locations. The Denton, Texas, company said customers won't be responsible for fraudulent charges that are promptly reported.

NEW YORK (AP) — Carl's Jr. and Hardee's are cramming a summer cookout into one burger. An upcoming addition to its menu offers a beef patty topped with a split hot dog, sitting on a layer of Lay's potato chips between hamburger buns. Ketchup, mustard, tomato, red onion, pickles and American cheese will be thrown in, too. The burger will have 1,030 calories and 64 grams of fat.

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The Associated Press

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