Business news for Thu, 29 Nov 2007 & with word edged. 8 news.

WASHINGTON -- The economy barreled ahead in the summer, growing at a 4.9 percent pace. The performance was the strongest in four years but isn't expected to last through the current quarter amid the housing slump and credit crunch. Sales of new homes edged up in October but sales activity still...

NEW YORK (Reuters) - Stocks edged higher on Thursday as shares of Exxon Mobil (XOM.N) and other energy companies rose on supply concerns, offsetting worries about the economy and a pullback in bank stocks.

Oil prices edged back after jumping sharply because of an explosion and fire that killed two people and briefly shut down a pipeline that supplies 20 per cent of US crude imports

AP - The economy barreled ahead in the summer, growing at a 4.9 percent pace. The performance was the strongest in four years but isn't expected to last through the current quarter amid the housing slump and credit crunch. New-home sales edged up in October but sales activity still hovered near an 11-year low.

The economy barreled ahead in the summer, growing at a 4.9 percent pace. The performance was the strongest in four years, but isn't expected to last through the current quarter amid the continuing housing slump and credit crunch. New-home sales edged up in October but sales activity still hovered near an 11-year low.

WASHINGTON (MarketWatch) -- In a possible sign of a weakening labor market, the number of Americans getting state jobless benefits rose to a nearly two-year high in the latest week, the government said Thursday. Continuing jobless claims rose by 112,000 in the week ending Nov. 17, to 2.66 million, the highest mark since Dec. 24, 2005, the Labor Department said. Initial jobless claims also shot up in the latest week, the data show. Those claims rose by 23,000 to 352,000 during the week ending Nov. 24, their highest level since Feb. 10. The four-week moving averages for both initial claims and continuing claims also edged up in the latest surveys.

NEW YORK (Reuters) - Home foreclosure filings in October edged up 2 percent from September but at 224,451 were a whopping 94 percent higher than a year earlier, real estate data firm RealtyTrac said on Thursday.

WASHINGTON The economy barreled ahead in the summer, growing at a 4.9 percent pace. The performance was the strongest in four years but isn't expected to last through the current quarter amid the housing slump and credit crunch. New-home sales edged up in October but sales activity still hovered near an 11-year low. The Commerce Department's new reading of the gross domestic product from July through September, released Thursday, was even better than the government's initial estimate of a brisk 3.9 percent growth rate for period. Stronger U.S. exports to overseas buyers and more inventory