The number of Americans claiming new unemployment benefits was steady last week and heavy discounting lifted sales at retailers in July, hopeful signs for the sputtering economy.
IBT Staff Reporter
Aug 04, 2011
The Tea Party-swayed Republican Party won the U.S. debt deal crisis: federal spending was cut substantially. But amid a weak economy, did the coalition cut spending too soon?
Joseph Lazzaro
Aug 04, 2011
Nokia Siemens Networks has begun cutting 1,500 jobs from the 6,900 staff it acquired with its $1.2 billion acquisition of Motorola's telecoms network unit in April, a spokesman said on Thursday.
IBT Staff Reporter
Aug 04, 2011
The U.S. sell-off follows even greater declines in Europe.
Palash Ghosh
Aug 04, 2011
Forget all the speculations about iPhone 5, the latest from the rumor mill is Apple could launch its HDTV modeled after Bose VideoWave in March 2012.
Manikandan Raman
Aug 04, 2011
President Barack Obama will take a three-day campaign-style bus tour through the American Midwest this month, as he tries to refocus attention on jobs seen as vital to his chances of winning re-election in 2012.
IBT Staff Reporter
Aug 03, 2011
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.
IBT Staff Reporter
Aug 03, 2011
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.
Jeremy White
Aug 03, 2011
Private employers added 114,000 jobs in July, topping economists' expectations, a report by a payrolls processor showed on Wednesday.
IBT Staff Reporter
Aug 03, 2011
U.S. private employers added 114,000 jobs in July, topping economists' expectations, a report by a payrolls processor showed on Wednesday.
IBT Staff Reporter
Aug 03, 2011
Private employers added 114,000 jobs in July, topping economists' expectations, a report by a payrolls processor showed on Wednesday.
IBT Staff Reporter
Aug 03, 2011
Congress has done the urgent -- passed the U.S. debt deal to help eliminate the budget deficit. But what about an equally important U.S. problem: the jobs deficit?
Joseph Lazzaro
Aug 03, 2011
Barclays is set to cut about 3,000 jobs this year to reduce costs after a drop in bond trading and an insurance mis-selling charge cut first half profits by a third.
IBT Staff Reporter
Aug 02, 2011
Technology is increasingly displacing the need for workers worldwide. Foxconn, making of Apple's iPhones and iPads, plans to add one million robots to factories in the next three years. HSBC is cutting out "unnecessary bureaucracy" in eliminating 30,000 jobs.
David Magee
Aug 01, 2011
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.
IBT Staff Reporter
Aug 01, 2011
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.
Palash Ghosh
Jul 31, 2011
As unlikely as such a scenario might seem, it has actually happened in the past.
Palash Ghosh
Jul 30, 2011
Apple Inc. (Nasdaq: AAPL) has more cash than the government of the Unites States.
Palash Ghosh
Jul 30, 2011
Technology giant Apple Inc currently has $76 billion in cash while United States Treasury's cash balance fell to $74 billion this week.
Prarthito Maity
Jul 30, 2011
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.
IBT Staff Reporter
Jul 29, 2011
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.
David Magee
Jul 29, 2011
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.
IBT Staff Reporter
Jul 28, 2011
