Job losses were mild in February despite extreme snowstorms in much of the country, according to a government report released Friday, suggesting that while the labor market remains weak it is no longer getting worse.
Employers cut 36,000 net jobs, the Labor Department said, and the unemployment rate was unchanged at 9.7 percent. Economists had expected [...]
Feb. 9 (Bloomberg) — Lawsuits against Toyota Motor Corp., the world’s largest automaker, will push the cost of recalls linked to sudden acceleration past a $2 billion company estimate for warranty payments and lost sales, customer lawyers say.
People who purchased Toyota vehicles in the U.S. have filed at least 39 class action lawsuits against Toyota, [...]
PriusNEW YORK (CNNMoney.com) — Toyota Motor chief executive Akio Toyoda apologized Friday for the problems that led to the company’s recall of more than 8 million cars But it did not announce another recall of its popular Prius Hybrid, despite reports of brake problems.
Toyoda, the grandson of the company’s founder, made his first public appearance [...]
Today, President Obama will announce the latest initiative in his series of plans to spur growth, bolster hiring and free up credit for small businesses: a new $30 billion “small-business lending fund” created from TARP money.
The fund would be available to community banks with assets of $10 billion or less for small-business lending, say senior [...]
A key House Republican leader says U.S. President Barack Obama is expected to do more listening than talking when he huddles privately with lawmakers today at a retreat in Baltimore.
Obama wants to offer tax credits to companies that hire new workers, a plan that drew a cool reception from Congress last month despite a double-digit [...]
The world’s biggest economy chalked up annualized growth of 5.7 percent in the fourth quarter, beating the expectations of Wall Street analysts, and marking its best performance since 2003.
However, the figures from the Commerce Department in Washington D.C. also showed that the US economy contracted 2.4 percent in 2009, its worst performance since just after [...]
(CNN) — Crews removed about 46,000 gallons of oil from waters near Port Arthur, Texas, on Sunday, roughly 10 percent of the oil spilled a day earlier when a tanker collided with two barges, a U.S. Coast Guard officer said.
An estimated 462,000 gallons of crude oil leaked from barrels aboard the tanker, forcing the closure [...]
Jan. 21 (Bloomberg) — More Americans than anticipated filed claims for unemployment benefits last week, reflecting a backlog of applications from the year-end holidays.
Initial jobless claims rose by 36,000 to 482,000 in the week ended Jan. 16, the highest level in two months, from 446,000 the prior week,Labor Department figures showed today in Washington.
The jump [...]
Christina RomerA top White House economic adviser said Sunday “you’ll get no argument from” her on the need to improve the miserable jobs picture.
Council of Economic Advisers chief Christina Romer said it’s devastating that some workers have been unemployed for two years and that job losses were continuing nearly a year after passage of the [...]
Media giant News Corp. struck a new deal that will keep its Fox-owned television stations — including KTTV Channel 11 and KCOP Channel 13 in Los Angeles — and several of its cable networks on Time Warner Cable systems.
The agreement was reached late this afternoon, less than a day after the current contract between the [...]
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