Labor
Labor Articles
We just found out the new numbers for the weekly bread lines at the US Labor Department for the week ended January 31. Initial jobless claims have now total 626,000. This is a gain of 35,000 from...
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Pendulums often swing too far in either direction. It has been shown that complete deregulation or total self-regulation leads to "Big Business Gone Wild." And now the pendulum in regulation over...
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ADP released its own "pre-unemployment number" again for January, and the jobs lost aren’t expected to be pretty. The payroll company estimates that the US private sector lost some 522,000 jobs...
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After the market closed on Friday, Cliffs Natural Resources, Inc. (NYSE:CLF) announced that it was closing its Pinnacle Mine in West Virginia for the month of February. About 360 employees "will be...
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More and more companies are either suspending or killing their share repurchases and stock buyback plans. Some are doing it to conserve cash in a much harder operating environment. But many...
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If you were hoping for more lighthearted or feel good numbers on the economic front, you might have to look elsewhere this morning. The weekly jobless claims data were awful again,and durable goods...
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Losing money and announcing layoffs is becoming more and more routine. That holds true even for DJIA components. The Boeing Co. (NYSE: BA) posted a $56 million loss for its Q4 period along with a...
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That Baker Hughes Inc. (NYSE:BHI) this morning reported better-than-expected results for its fourth quarter shouldn’t really be a surprise. When Halliburton Company (NYSE:HAL) and Weatherford...
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Target Corp. (NYSE: TGT) has just confirmed the layoffs we and other reports discussed earlier today. As we expected, this is a very small number of jobs, and it appears to be more corporate jobs...
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Target Corp. (NYSE: TGT) has confirmed that it plans to cut workers, but details are still not out. We have checked around and the cuts appear to be in the Minneapolis headquarters rather than...
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Texas Instruments Incorporated (NYSE: TXN) has posted its fourth quarter results of $0.08 EPS on revenue of $2.49 billion. There are items here in the numbers and the company is very cautious...
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We have been tracking the layoffs and the weekly jobless claims to figure out what they mean for the economy. Just this morning we noticed many job cut announcements from companies.. Home Depot...
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Harley-Davidson, Inc. (NYSE: HOG) is looking about as ugly as you could expect. The motorcycle manufacturer posted dismal earnings, announced a factory mothballing, and announced layoffs. This...
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The Labor Department released its weekly jobless claims showing how many Americans have filed for new unemployment benefits. Consensus estimates according to Bloomberg was 610,000 for the week,...
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Cerberus Capital Management was one of the top private equity firms any MBA graduate would have wanted as their career destination. But this week may mark another stark reminder that private...
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