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Analysis: Obama, Bernanke out of ammo to boost jobs, growth

The United States has a jobs problem and there's not a lot President Barack Obama or Federal Reserve Chairman Ben Bernanke can do about it.

Hey Hackers, Uncle Sam Needs Your Help

Richard "Dickie" George, technical director of NSA's Information Assurance Directorate, is pictured in his NSA office

Hackers attending this year's DEF CON conference in Las Vegas, an annual gathering of the hacking community, can add a possible activity to attending speeches, browsing new technology and meeting other hackers: being recuited for a government job.

Private sector adds 114,000 jobs in July: ADP

Private employers added 114,000 jobs in July, topping economists' expectations, a report by a payrolls processor showed on Wednesday.

INSTANT VIEW 5-US private sector adds 114,000 jobs in July-ADP

U.S. private employers added 114,000 jobs in July, topping economists' expectations, a report by a payrolls processor showed on Wednesday.

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HSBC sheds 30,000 jobs, posts surprise profit rise

HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's biggest bank said on Monday after it reported a surprise rise in first-half profit.

Could Steve Jobs and Apple Rescue the U.S. Federal Government?

J. P. Morgan, the U.S. financier who founded the J.P. Morgan & Co. bank in 1871, bailed out the government and financial markets not once, but twice.

Might Cash-Flush Apple and Steve Jobs Bail Out The Federal Government?

As unlikely as such a scenario might seem, it has actually happened in the past.

Who Has More Cash: Apple or The U.S. Government?

Apple Inc. (Nasdaq: AAPL) has more cash than the government of the Unites States.

Apple Inc: Poorer Than God But Richer Than Uncle Sam [Video]

Technology giant Apple Inc currently has $76 billion in cash while United States Treasury's cash balance fell to $74 billion this week.

Merck to slash jobs in cost-savings drive

Merck & Co Inc plans to cut another 12,000 to 13,000 jobs by late 2015 to wring out additional annual cost savings of up to $1.5 billion that can be plowed back into research and deal making.

Slow-Growth GDP, Unemployment Culprit: U.S. Companies Hoarding Cash

The U.S. economy grew at a slow-crawl pace in the first half of this year, slower than economists had expected. Unemployment remains high also. Until companies stop hoarding cash and start hiring again, the environment isn't likely to change soon.

HSBC may cut more than 10,000 jobs: report

Banking group HSBC Holdings Plc <0005.HK> may cut more than 10,000 jobs as part of its plan to slash costs by up to $3.5 billion a year, Sky News reported Thursday.

Credit Suisse cuts 2,000 jobs as poor trading hurts results

Swiss bank Credit Suisse is cutting about 2,000 jobs after weak trading activity and the strong Swiss franc hit second-quarter results.

Jobless Claims Fall to 398,000, But 'Job Deficit' Remains Huge

U.S. initial jobless claims fell last week by 24,000, to a 3-month low of 398,000, according to the Labor Department.

Credit Suisse cuts jobs as poor trading hurts Q2

Swiss bank Credit Suisse is cutting about 2,000 jobs after a second hit by weak trading activity and the strong Swiss franc.

Credit Suisse to cut jobs as Q2 sags on poor trading

Swiss bank Credit Suisse said it would cut about 2,000 jobs as it reported second-quarter net profit that missed expectations, dented by weak trading activity and the strong Swiss franc.

HSBC may cut thousands of jobs: report

HSBC Plc is close to announcing that it will cut thousands of jobs as it embarks on a cost-cutting drive, Sky News reported, citing people close to Europe's biggest bank.

Recession Widens Wealth Gap Between Whites, Minorities

The recession has blown open discrepancies in wealth between white Americans and minorities, with Hispanics seeing the most precipitous decline in average household wealth, according to a Pew survey.

Credit Suisse may cut up to 2,000 jobs: report

Credit Suisse will likely announce cost savings measures including a cut of 1,500-2,000 jobs, a Swiss paper reported on Tuesday, without naming any sources.

RIM to Cut 2K Jobs, Will it Get Them Back on Track?

Research in Motion's announcement on Monday of intentions to lay off 2,000 employees, about 10 percent of its workforce, did nothing to inspire investors that the company can rebound from its current slump.

Mike Lazaridis, president and co-chief executive officer of Research in Motion, speaks at the RIM Blackberry developers conference in San Francisco

RIM Layoffs Not Long-Term Solution

Blackberry maker Research in Motion's plan to lay off 10 percent of the company's workforce shines fresh light on desperation within the company to keep up with fierce smartphone competition eroding market share.

BlackBerry Maker Cuts Jobs to Survive iPhone, Android Competition

BlackBerry maker Research In Motion, once dominant in the smartphone market, has cut 2,000 jobs to survive new competitive pressures.

RIM adjusts to new reality by slashing 2,000 jobs

BlackBerry maker Research In Motion plans to cut about 11 percent of its workforce as it struggles to keep pace with Apple and Google in the mobile market it once dominated.

RIM to cut 2,000 jobs

Research In Motion Ltd said on Monday it plans to cut about 2,000 jobs, or 11 percent of its workforce, and would explain the financial impact of the cuts when it reports second quarter results on September 15.

Companies churn out profits but not jobs

The sluggish pace of hiring may be hobbling the U.S. economy, but it's not been holding back big U.S. companies' profits thanks to growth overseas and cost controls at home. And that's bad news for the more than 14 million Americans without jobs.

Analysis: Companies churn out profits but jobs don't follow

The sluggish pace of hiring may be hobbling the economy, but it's not been holding back big U.S. companies' profits thanks to growth overseas and cost controls at home. And that's bad news for the more than 14 million Americans without jobs.

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