Jobless Claims Up Layoffs Corporate Earnings Economic Reports

New jobless claims rose to a seasonally adjusted 531,000 last week while more job cuts were announced this week. Sun Microsystems Inc. (JAVA) announced it plans to eliminate up to 3,000 jobs, or 10 percent of its worldwide work force, as it awaits a takeover by Oracle Corp. (ORCL) , a deal. Still several company's reported today positive earnings 3M (MMM), eBay (EBAY), Apple (AAPL), United Parcel...