American Morning

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December 1st, 2011
07:33 AM ET

AM Minding Your Business for Dec. 1st, 2011

Today on American Morning, Christine Romans reports on the morning business news headlines.

This morning, we're watching:

* Wall Street's rally on Wednesday is losing a little steam this morning. European markets are mixed and U.S. stock futures are lower today. It's all because of the move by the major central banks to ease the flow of dollars into the global financial system
* The global rally is pushing commodity prices up across the board. Oil is now over $100 a barrel for the second time in almost six months. Experts tell CNNMoney that this time, prices may actually keep climbing because of the global economic intervention.
* This morning, we'll get a fresh read on the employment situation in this country. The initial jobless claims report is expected to show that 390,000 unemployment claims were filed for the first time last week. If that's true - it would be a good sign for the labor market.
* More than 99,000 Americans could get a nice check just in time for the holidays. The IRS says it's sitting on $153 million in unclaimed refund checks because people didn't update their addresses. If you think you're entitled to a refund - just head to and click on "where's my refund".
* The maker of Blackberry says it's looking into allegations hackers were able to jailbreak the Playbook tablet - a claim that could threaten Research in Motion's reputation for making devices with tough security. Apple and Google's operating systems are routinely attacked by users who want to run unauthorized programs - but breaches of Blackberry's software are more rare.
* Warren Buffett is still betting on newspaper. Berkshire Hathaway just announced plans to purchase the Omaha World-Herald company, which owns his hometown newspaper and several other papers in Nebraska and Iowa. Buffett's firm already owns the Buffalo News and has a stake in the Washington Post Company.

Tune in to American Morning at 6am Eastern every day for the latest in business news.

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