Business News: Unemployment claims hit 8-year low

(CNN)- The number of initial unemployment claims dropped to an eight year low last week.  The Labor Department says 19,000  fewer initial claims were filed last week compared to the week before.  Initial unemployment claim numbers have not been this low since 2006, before the housing market crash.

(CNN)- Shares of Amazon plunged ten percent in extended trading Thursday, after the retail giant reported a larger than expected loss.  While sales rose 23 percent, the company recorded a quarterly loss of 126-million dollars.  That was even more than analysts had expected.  Amazon lost seven million dollars during the same quarter last year.  A big source of the loss was spending on new products and services, including Sunday delivery, the Fire TV media streaming device, and Amazon's first smart-phone, the Fire phone.


(CNN)- This is a look at the future.  These are small electric vehicles, or pods, that drive themselves.  A fleet of these vehicles has been transporting passengers between terminals at London's Heathrow Airport since 2011.  Supporters say the pods take up less space than cars, cut down on urban noise and produce zero emissions.  A small city 45 miles northwest of London wants to be the first in the world to put a network of pods on pedestrian walkways.  The vehicles would connect the city's train station with its downtown shopping district a mile away.



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