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Stocks rose for a third day as investors welcomed a report that first-time jobless claims fell more than expected last week.

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Discuss  | Read More | |  Bury | Tagged: us bp spill claims
Providing an update from the White House, Coast Guard Adm. Thad Allen says BP needs to do a better job at paying claims to individuals and businesses impacted by the Gulf oil spill. Tony Hayward - Gulf of Mexico - BP - Chief executive officer - Business

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The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit amid a fledgling economic recovery.

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