Eurozone unemployment rises to historic levels
LONDON — The 17 countries that use the euro are facing the highest unemployment rates in the history of the currency as recession once again spreads across Europe, pressuring leaders to focus less on austerity and more on stimulating growth.
Unemployment in the eurozone rose by 169,000 in March, official figures showed Wednesday, taking the rate up to 10.9 percent – its highest level since the euro was launched in 1999. The seasonally adjusted rate was up from 10.8 percent in February and 9.9 percent a year ago and contrasts sharply with the picture in the U.S., where unemployment has fallen from 9.1 percent in August to 8.2 percent in March. Spain had the highest rate in the eurozone, 24.1 percent – and an alarming 51.1 percent for people under 25.
Krispy Kreme on Bobby Jones closed in March
The Krispy Kreme at 216 Bobby Jones Expressway closed in March after the building’s lease expired.
Walton Guthrie, the general manager for the Gordon Highway location, said the owners decided not to renew the Bobby Jones Expressway lease.
There are no plans to close the other two Augusta locations, 1644 Gordon Highway and 2866 Washington Road, he said.
Comcast tops profit, sales marks for quarter
Comcast, the largest U.S. cable company, topped profit and sales estimates in the first quarter after gains in broadband customers helped mitigate the 20th consecutive loss in video subscribers.
Net income rose 30 percent to $1.22 billion, or 45 cents a share, compared with $943 million, or 34 cents, a year earlier, the Philadelphia-based company said Wednesday. Analysts had projected 42 cents.
Target to drop Kindle as it adds Apple products
NEW YORK — Target Corp. is phasing out Amazon.com Inc.’s e-reader Kindle at its more than 1,700 stores and its website.
A spokeswoman said Wednesday that the decision to stop selling Kindles this spring came after an “ongoing review” of Target’s merchandise that evaluates quality and prices.
The move coincides with the discounter’s plan to create mini shops of Apple Inc. products in 25 of its stores this year.