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  • Sidney Rice Agrees To Terms With Seahawks

    sidneyriceThe Seattle Seahawks and wide receiver Sidney Rice have agreed to terms on a deal. Rice returns to Seattle after spending the last three seasons with the Seahawks. Rice was released by Seattle in February in a salary-driven move.

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More Gains for Wall Street Stocks

b_250_0_16777215_00_images_obgrabber_2013-08_d7303e86f0.jpgiStockphoto/Thinkstock (NEW YORK) -- A pair of encouraging economic reports kept stocks in positive territory Thursday. The Dow Jones Industrial Average closed up 16.44 points at 14,840.95. The Nasdaq Composite added 26.95 points to 3,620.30. The S&P 500 gained 3.21 to close at 1,638.17. The number of Americans filing for unemployment benefits remains near the lowest level in more than five years. 

The Labor Department says weekly applications fell by 6,000 last week to a seasonally adjusted 331,000.  At the depths of the recession there were more than 670,000.

 

The Commerce Department revised its estimate of second-quarter economic growth sharply higher.  It now says the U.S. economy grew at a 2.5-percent annual rate from April to June, up from an initial estimate of 1.7 percent.

Copyright 2013 ABC News Radio

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