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Delhaize profit rises in Q3
Amsterdam -- Delhaize Group reported Wednesday that its third-quarter net profit rose 10% to $193 million, compared with a profit of $176 million in the year-ago period. Excluding currency effects, profit rose 2.7%.
The Belgian supermarket operator attributed the improvements to a stronger dollar against the euro, but also warned the retail environment in the United States remains challenging.
Revenue rose to $7.3 billion from $6.7 billion a year earlier.
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Report: U.S. jobless claims fell last week to lowest level since July
Washington, D.C. -- A report released Wednesday by the Labor Department said that applications for jobless benefits declined by 24,000 to 435,000 in the week ended Nov. 6, the lowest level in four months.
The total number of people collecting unemployment insurance fell to the lowest level since November 2008, and those receiving extended payments also declined.
The four-week moving average, a less volatile measure than the weekly figures, dropped to 446,500 last week, the lowest since September 13, 2008, from 456,500, the report showed.