Jobless claims approach 42-year low, says Labor Dept.
Business Insider

Weekly initial claims for unemployment insurance measured at 263,000 last week, representing the lowest mark in 12 weeks, according to Labor Department data. In fact, jobless claims are approaching a 42-year low, states the agency. Paul Ashworth of Capital Economics believes the low figures are a reason for continued optimism. "If there had been a genuine deterioration in labor-market conditions, we would also have expected it to show up as a rise in initial jobless claims," Ashworth said. "But claims remain unusually low at well below 300,000."

How urban colleges are keeping students connected on campus

Public and private colleges and universities in urban areas are implementing new programs to better engage students who may work or not live on campus. Johnson C. Smith University in Charlotte, N.C., has case managers who guide students to resources, and other schools have established student success centers to help students feel connected.

SEC fines proprietary-trading firm for "spoofing"
ReutersUSA Today

Briargate Trading, a proprietary-trading firm based in New York, has been fined by the Securities and Exchange Commission in a "spoofing" case that the SEC says occurred between October 2011 and September 2012. "[Founder Eric] Oscher took advantage of our interconnected markets by placing non bona fide orders on one exchange, and then buying or selling the spoofed securities at artificial prices on other exchanges," said the SEC's Joseph Sansone. Briargate agreed to pay more than $1 million while neither admitting nor denying the findings.

Stop & Shop kicks off conversions of former A&P stores

Stop & Shop will unveil five new stores next week, as the retailer begins converting 25 units acquired from A&P last month in a nearly $150 million deal, the company announced Thursday. The stores, located in New York, will close for about seven days while the conversions are completed, and once reopened will feature modern decor, updated refrigeration systems and technology, and Stop & Shop's fresh departments.

Obama signs law stopping ACA redefinition of "small business"
ABC News

President Barack Obama signed a law changing how the Affordable Care Act defines a small business. The new law keeps the definition at the current 50-employee threshold; the number was set to expand to 100 on Jan. 1. Small businesses must offer certain health benefits under the ACA, and business groups had said a change in the definition would have increased employers' health care costs. The law does allow states to increase the number.

Coca-Cola plans launch of digital show on eSports

The popularity of eSports is spurring Coca-Cola and gaming company IGN to launch a 30-minute digital segment akin to ESPN's "SportsCenter" that is devoted to the sporting niche. The show will recap the week in electronic gaming and live-streamed competitions, as well as feature round-table discussions highlighting leagues, players and teams. "We want to create a new watering hole for the eSports community," Coca-Cola's Matt Wolf said.

Abercrombie looks to revive sales with mobile-led model

Abercrombie & Fitch has made moves toward inclusiveness to boost sales, and it's putting mobile first as young shoppers trade hanging out at the mall for getting together in the digital world, A&F Senior Vice President of Digital and E-commerce Billy May said. "It's not enough to optimize for mobile, you have to transform for mobile," he told attendees at the Digital Summit this week.

Sony knocks $50 off PS4 price
USA TodayWired.comCNBC

Sony cut $50 off the price of its PlayStation 4, landing the console at the same price at which rival Microsoft sells its Xbox One. The PS4 is now retailing in the US at $349.99, with game bundling options expected to be revealed before the holidays.

Octapharma acquires stake in Glycotope, license to blood coagulation factor technology

A minority stake in Glycotope and an exclusive global license for an intellectual property that covers its recombinant technology have been obtained by Octapharma in an agreement worth more than $90 million. Under the terms of the deal, Glycotope will receive an upfront payment of $90 million plus undisclosed milestone fees, sales royalties and revenues, while Octapharma will get access to Glycotope's investigational human blood coagulation factor pipeline.

Netflix bumps standard subscription price by $1

Netflix has raised its standard subscription service price by $1, from $8.99 to $9.99 per month. The company anticipates spending $5 billion on content next year, up from $3 billion this year, which includes a $300 million deal with Disney and more Netflix original content, Miriam Gottfried writes.

Collapsed canal raises drinking water concerns in S.C.
U.S. News & World Report

Two sections of a canal that supplies drinking water to about 187,500 in Columbia, S.C., have collapsed, raising concerns about a drinking water shortage. The city has been able to draw water directly from a reservoir, but residents have been instructed to boil it and take conservation measures. A contractor is trying to plug the breaches with a rock dam, and the National Guard is dropping sandbags. Meanwhile, standing floodwaters in the area could persist for 12 days.

Wal-Mart appoints new sustainability exec

Wal-Mart has appointed 20-year company veteran Laura Phillips as its senior vice president of sustainability, as the retailer seeks to incorporate sustainability into its supply chain, sales and marketing strategies. Phillips replaces Manuel Gomez, who will become the vice president of strategy for e-commerce for Wal-Mart de Mexico and Central America.

Passenger traffic is on the rise for Hawaiian Airlines

Hawaiian Airlines' passenger numbers increased by 3.1% last month compared to the same period a year ago. Some 8 million passengers flew with Hawaiian through the first nine months of 2015.

Boutique hotel attracts travelers with active lifestyles

South Carolina's Hotel Domestique "attracts active travelers who are not only seeking sophisticated respite away from the hustle-and-bustle-laden tourist traps, but also outdoor adventures that invigorate the mind, body and soul," writes reviewer Merilee Kern. The boutique hotel sits on 30 acres and is owned by veteran Tour de France cyclist George Hincapie.