The State Labour Department reporting Thursday said for the sixth straight month, New York City’s unemployment rate had dropped to 9.5%, despite, the end of thousands of federal census taker jobs.

In order to meet the soaring demand for its cars in Latin America, Toyota Motor Corp., the world’s largest auto manufacturer announced its intention of building a third automobile factory in Brazil Friday.

Toyota will invest around $600 million for setting up a new plant in Sao Paulo, where it already operates two factories producing Corolla compact cars and Hilux sport utility vehicles.

Showing off Blackberry 6, smartphone manufacturer RIM indicated it was its forthcoming overhaul to the BlackBerry operating system. In order to keep up with Apple and Google, RIM needs to revise user interface and new features that have set the pace for mobile innovation. While, BlackBerry 6 looks are pleasant enough to please most people, it has not revised enough to make everyone happy.

United and Continental are on the verge of becoming partners and the news took the airline industry by storm. Many consumers are panicking as the move will result in higher airline ticket prices and lack of competition among the airline company will not give room for improvement in the airline industry.

Hewlett-Packard exceeded expectations this quarter as its revenue saw a large hike after their demand for personal computers, printers and other computer equipment they manufacture.

A judge at a federal court said this past week that officials involved in the Sacramento-San Joaquin Delta irrigation project must consider the changes both fish and human will face. The project will bring more water for farmers for their agricultural uses.

Toyota Motor Corp., considered the world’s largest carmaker is set to recall 11,500 Lexus cars from all over the world after there were many reports of problems in these cars. Toyota Motors bases in Toyota City, Japan is being forced to recall 3,899 Lexus vehicles in the United States and 4,500 vehicles in Japan and with a total of 7,000 vehicles overseas.

Inside sources told reporters that Symantec is on the verge of closing a $1.3 billion deal with VeriSign in order to have access to their authentication services. Sources said the deal was very delicate and could fall apart but if the companies are to come to an agreement the deal will close over the next few days.