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Labor Articles
United Technologies Corp. (NYSE: UTX) is trading higher on what would have been considered bad news in other economies or in different times. The company announced an additional $600 million of...
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You’re Fired! That is what the Labor Department is dealing with on a growing basis. The January unemployment rate of 7.6% just got replaced by a number of 8.1% for February. And the non-farm...
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This morning we have seen the weekly jobless claims. While economists are always noting that unemployment is a lagging indicator, go ask anyone in the unemployment lines how lagging this feels. ...
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If you were hoping for any remotely positive economic data this morning, the news is not just a disappointment. It is really awful. The data on weekly jobless claims is above recently normal...
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Cisco Systems, Inc. (NASDAQ: CSCO) has laid off several hundred workers and named a new Executive Vice President of its Worldwide Operations. “The Next NVIDIA” Could Change Your Life NVIDIA...
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Things just got darker at Nortel Networks (OTC-NRTLQ) (Former “NT on NYSE). The company today announced an additional 3,200 job cuts. Get Ready To Retire (Sponsored) Start by taking a quick...
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The bigger they are, the more noise they make when they fall. British miner Anglo American plc (NASDAQ:AAUK) has canceled its dividend for the fourth quarter, suspended its $4 billion share buyback...
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As if the ongoing jobs data was set to get any better after yesterday’s FOMC Minutes calling for 9% unemployment by the end of the year, we just got another fresh round of weekly jobless claims...
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All told, the $789 billion economic stimulus bill contains about $50 billion for renewable energy projects, electric utilities, and other green companies. It’s possible to look at this sum in at...
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The weekly jobless claims data has surpassed the dreaded 600,000 mark. The last week’s unemployment lines were down 8,000 to 623,000. We had weekly jobless claims numbers expected as 610,000...
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Wal-Mart Stores Inc. (NYSE: WMT) was supposed to be a winner in the economic slide as the “trade down” shopping destination. It goes without saying that Wal-Mart has more than a few critics. ...
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Intel Corporation (NASDAQ: INTC) is making a huge gamble on high- paying jobs and manufacturing. It isn’t cuts. Intel plans expansions for the inevitable recovery ahead. $7 billion worth....
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General Motors Corp. (NYSE: GM) is doing almost whatever it can to get aggressive in cost cuts and streamlined operations ahead of its first post-bailout review next week. Some of the cuts were...
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GM (GM) is preparing to go through another round of layoffs. It has hopes, which are probably futile, that it can push out enough people, in addition to getting creditor concessions and supplier...
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The dreaded and feared employment data is out, and it isn’t pretty. Unemployment came in at 7.6% and the change in non-farm payrolls was -598,000. Dow Jones had estimates at 7.5% unemployment and...
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