UBS is set to cut around 5,000 jobs to save 1 billion Swiss francs ($1.20 billion) while rival Credit Suisse is planning to axe about 1,000 staff, Swiss newspapers reported on Thursday.
Federal Reserve Chairman Ben Bernanke goes to Capitol Hill on Wednesday to testify about the sputtering U.S. recovery, but may have to spend much of his time convincing a stubborn Congress to raise the debt ceiling.
Networking equipment company Cisco Systems Inc could eliminate as many as 10,000 jobs, or about 14 percent of its workforce, to revive profit growth, Bloomberg said, citing two people familiar with the matter.
Cisco Systems Inc may cut nearly 10,000 jobs, about 14 percent of the company’s workforce, in an attempt to restore the growth in profit.
New businesses are starting leaner and with fewer employees than was the case in the past, an independent study showed on Monday, suggesting that the pace of job creation will remain frustratingly slow.
U.S. policymakers seeking an answer to the country's stubbornly high unemployment rate should not expect relief from small businesses, said a survey released on Monday by a powerful business lobbying group.
Unconventional economic times require unconventional answers, and awhile back an economist proposed one to create jobs: have the U.S. Government distribute a $3,000 gift card to every American over age 16.
Cutting federal spending in 2011 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure/public works projects it would create many jobs, and achieve great things, like the construction of the Empire State Building in the 1930s and 1 World Trade Center today.
Dismal unemployment figures on Friday complicated efforts to avert a looming U.S. debt default, and a top Republican said negotiators were not close to a deal that would ensure continued borrowing.
U.S. state and local governments cut thousands of jobs in June, pushing their payrolls down to the lowest in five years, according to Labor Department data released on Friday, and analysts do not expect the losses to end any time soon.
The June jobs report was horrible. The US economy only added 18,000 jobs, the lowest in 9 months, and the unemployment rate climbed to 9.2 percent.
Stocks fell on Friday as a weak jobs report dashed optimism that the economy was emerging from a soft patch, leaving investors to hope earnings season would revive an appetite for buying.
Stocks ended down on Friday as a weak jobs report dashed optimism that the economy was emerging from a soft patch, leaving investors to hope earnings season would revive an appetite for buying.
U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.
There's no way to sugarcoat it: the current U.S. job market is a challenging one for recent grads -- for the young and young at heart. But fret not: you can increase the likelihood of finding meaningful employment by following a few important tips.
Stocks dropped on Friday and the Nasdaq looked to end an eight-day winning streak as a weak jobs report dashed hopes the economy was emerging from a soft patch, though the start of earnings season next week kept investors engaged.
Warren Buffett made a legendary mark as a financial leader in the 20th century, but is he past his prime in the 21st century?
U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.
Stocks dropped on Friday after weak jobs growth in June dented hopes the economy was emerging from a soft patch, but the start of earnings season next week kept investors engaged.
U.S. jobs growth ground to a near halt in June, with employers hiring the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.
In a Rose Garden statement, President Barack Obama Friday said the poor June jobs report was primarily due to the debate in Washington, which has been dominated by issues of debt limit.
Stocks dropped on Friday after weak jobs growth in June dented hopes the economy was emerging from a temporary soft patch, casting doubt on a recent strong run in equity markets.
