National business briefs, July 10

National business briefs, July 10
By The Associated Press Published: July 10, 2013
Advertisement
;

Jobs improvement seen

— U.S. employers advertised slightly more jobs in May and hired more workers, further signs of steady improvement in the job market. The Labor Department said Tuesday that job openings rose 28,000 to 3.83 million in May from April. That's close to February's 3.9 million, which was the highest in five years. A measure of overall hiring increased 46,000 to 4.4 million. That's still lower than a year ago. The job market remains competitive, despite stronger hiring this year. There are nearly 3.1 unemployed, on average, for each open job. That's down from a peak four years ago of nearly 7 to 1. In a healthy economy, the ratio is typically 2 to 1. The Job Openings and Labor Turnover survey comes after the government said last week that employers added 195,000 net jobs in June. The unemployment rate was unchanged at still-high 7.6 percent.

BlackBerry name OK'd

— Research In Motion has won formal approval to change its name to BlackBerry. The Canadian company announced plans for the name change in January, when it unveiled new phones running a revamped operating system called BlackBerry 10. The company hopes the new devices will be more competitive with iPhones and Android devices. Since January, Research In Motion Ltd. has been going by BlackBerry in marketing materials. It has also changed its ticker symbol to “BBRY.” But a legal name change required shareholders' approval at Tuesday's annual meeting.

From Wire Reports