Unemployment Rate Drops To Lowest Level Since 2009

(Reuters) – The unemployment rate unexpectedly dropped to 7.8 percent in September, reaching its lowest level since President Barack Obama took office and providing a boost to his re-election bid.

The Labor Department said on Friday that employers added 114,000 workers to their payrolls last month, a moderate…

Houston Man Accused Of Being Russian Spy

The allegations that a naturalized U.S. citizen obtained military technology for Russia through his Texas export firm have the makings of a 1980s spy film.

Prosecutors say Alexander Fishenko and others sold cutting-edge microelectronics that could be used in Russian weapons systems, exchanged communications with Russian intelligence and…

Facebook Tops 1 Billion Users

NEW YORK (AP) — Facebook has topped 1 billion users, but the past few months have not been easy.

CEO Mark Zuckerberg says that the company is going through a bit of a rough patch following its rocky initial public offering.

Zuckerberg updated his Facebook status on Thursday to announce that…

Presidential Candidates Have First Debate

(AP)- In a showdown at close quarters, an aggressive Mitt Romney sparred with President Barack Obama in their first campaign debate Wednesday night over taxes, deficits and strong steps needed to create jobs in a sputtering national economy. “The status quo is not going to cut it,” declared the Republican…

US Border Patrol Agent Killed In Arizona

NACO, Ariz. (AP) — Investigators were scouring a rugged area near the U.S.-Mexico line looking for evidence in the fatal shooting of a Border Patrol agent.

Nicholas Ivie and a colleague were on patrol in the desert near Naco, about 100 miles from Tucson, when gunfire broke out shortly…