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The UAW took what it could get in its negotiations with GM (GM), and that was not much. The union will end up owning 17.5% of GM’s shares to fund retirement and pension obligations to it members....
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The Labor Department has released some mixed data on weekly jobless claims. The figures show a level of 631,000. This sounds better on the surface as Bloomberg had estimates pegged at 645,000,...
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The Labor Department has released its weekly jobless claims. It seems that the contraction in weekly claims is not running in a straight line. This week’s report came in at 637,000 from a...
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The Labor Department has posted the unemployment rate and nonfarm payrolls data from April. The official government unemployment rate was 8.9%, up from 8.5% in March. The change in nonfarm...
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There has been a steady trend in economic data, and that trend is a steady wave of “less-bad” data. We are even starting to see hints of that in the the employment numbers. It may be a bit...
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ADP is out with its controversial jobs number this morning ahead of this week’s unemployment report. ADP said that there was “only” a -491,000 drop of jobs in the US private sector. The...
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The change in weekly jobless claims came in at 631,000 for this last week. That is a drop of 14,000, but that also comes after a revision of the week before to 645,000 rather than the preliminary...
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Nearly everyone who could keep GM (GM) and Chrysler out of Chapter 11 has gone along with supporting painful restructuring plans. The UAW and managements at the two companies have given up a great...
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Vestas Wind Systems A/S is a company that many U.S.-based green and renewable energy investors may either not know at all or only know by name. But the Danish company is essentially the leader in...
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The Labor Department has released its figures on weekly jobless claims, and the results are a gain of 27,000 to 640,000. The numbers from last week’s huge drop went from 610,000 to a revised...
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The engagement has become hand-to-hand as the fight to see who will make it out of the rubble of the GM (GM) restructuring comes to a close. The most recent development is that the car company’s...
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There may be some good news on the jobless claims front. We saw a drop of 53,000 on the weekly jobless claims. The new number was ‘only’ 610,000 for the week. This would have been awful in...
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The weekly jobless claims is still a dismal reading. Thankfully, it was just a tad less dismal than before. The new drop came in at -20,000 from 674,000 to 654,000. The expected drop was...
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Microturbine maker Capstone Turbine Corporation (NASDAQ:CPST) has announced that it will eliminate an additional 22 professional positions as it continues to reduce expenses. Capstone fired 19...
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Citing low demand for aluminum, Rio Tinto plc (NYSE:RTP) has cut more than 700 jobs at its Australian mines. The company also plans to slow the expansion project at one mine by nearly 23% to 15...
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