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U.S. Firms Added Jobs Offshore, Cut Jobs At Home

U.S-based multinational corporations added almost 3 million jobs to their payrolls in foreign countries between 1999 and 2009, while slashing 864,600 jobs at home, as they become increasingly dependent on foreign sales. Is tax holiday a viable solution?
U.S. Job Market

Five Ideas to Create U.S. Jobs

The stark truth of the matter is that unless the private sector starts hiring en masse (including non-profit organizations), absent a surge in exports, it will be up to the public sector to provide stimulus to create jobs.
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Nokia Siemens to cut 17,000 jobs

Struggling telecoms gear maker Nokia Siemens Networks is to axe 17,000 jobs to help cut annual operating costs by around 1 billion euros ($1.35 billion).
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Tunisian defence, finance mins, cbank head keep jobs

Tunisia's Islamist-led ruling coalition will keep the country's ministers of defence and finance and the central bank governor in their posts when it announces a new government, a senior coalition source told Reuters on Monday.
Amazon CEO Bezos holds up the new Kindle Fire tablet at news conference in New York

Look Out Apple iPhone, Amazon May Produce Smartphone

A top tech analyst is predicting that Amazon is likely to release its own smartphone for under $200 next year. Citigroup analyst Mark Mahaney said in a research note that Amazon may sell the smartphone for as little as $170. Citing supply-chain channel checks in Asia, he said Amazon may release its first-ever smartphone by the fourth quarter of 2012.
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Jobs, housing data bolster growth outlook

New U.S. claims for jobless benefits hit a seven-month low last week and permits for future home construction rebounded strongly in October, the latest data to suggest the economy was gaining traction.
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MF Global may return funds, cuts more jobs

Thousands of former MF Global Holdings Ltd customers may recover $520 million of cash held in their accounts by early next week, even as the bankrupt brokerage lays off more workers.
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Citigroup May Cut up to 3,000 Jobs: Report

Citigroup In c is planning to cut as many as 900 jobs from its securities and banking division as it grapples with turmoil in equity and debt markets, the Wall Street Journal reported Tuesday.

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