JOBS

U.S. stocks slid 2 percent on Thursday after new applications for jobless insurance rose unexpectedly, and basic materials shares sank as a rising U.S. dollar hurt commodity prices

Wall Street was set to drop nearly 1 percent at the open on Thursday after new applications for jobless insurance rose unexpectedly, adding to worries over sovereign debt in some euro zone countries that kept investors away from risky investments, including equities.

Wal-Mart Stores Inc is cutting 300 jobs at its headquarters in northwest Arkansas as Chief Executive Mike Duke scours the company for ways to cut costs and make the world's biggest retailer more efficient.

Wal-Mart Stores Inc is cutting 300 jobs at its headquarters in northwest Arkansas as the retailer looks to cut costs at the start of its new fiscal year.

U.S. stock index futures were mostly flat on Wednesday, following two days of strong market gains and ahead of key jobs and services sector data expected to show the U.S. economy has continued to improve.

Kraft Foods is set to receive enough acceptances from Cadbury shareholders to seal its 11.7 billion pounds ($18.6 billion) takeover by around 1700 GMT (12 noon EST) Tuesday and start the tough integration of Cadbury's 45,000 worldwide employees.

President Barack Obama on Friday proposed a $5,000 tax credit per new employee in 2010 as well as tax break for salary increases.

Macy's Inc said it is cutting some store-level jobs and adding others as part of its efforts to standardize how it manages stores and staffing.

Borders Group Inc said on Thursday it is laying off about 10 percent of its corporate staff in an effort to contain costs as it contends with dwindling sales.

President Barack Obama's job-creation program could produce a short-term political boost, but it's unlikely to significantly stem job losses and reduce the unemployment rate anytime soon, according to economists.

U.S. President Barack Obama pushed job creation to the top of his agenda and vowed not to abandon his struggling healthcare overhaul after a political setback that raised doubts about his leadership.

President Barack Obama vowed on Wednesday to boost jobs growth and impose tough new regulations on Wall Street as he recast his agenda after suffering a devastating political setback.

Apple CEO Steve Jobs unveiled Wednesday the widely anticipated Apple tablet known as iPad in San Francisco.

Speaking at an Apple event in San Francisco on Wednesday, Apple CEO Steve Jobs unveiled the widely anticipated Apple tablet, or as it's formally known, the iPad.

After his worst political setback since he took office a year ago, President Barack Obama will vow to revive job growth and tame skyrocketing budget deficits in a crucial State of the Union speech on Wednesday.

After his worst political setback since he took office a year ago, President Barack Obama will vow to revive U.S. job growth and tame skyrocketing budget deficits in a crucial speech on Wednesday.

Ford Motor Co said on Tuesday it will build the next version of its Ford Explorer SUV in Chicago starting in late 2010, adding 1,200 jobs that may include hires at a new lower wage negotiated with its union.

Verizon Communications Inc said it is facing a slower-than-expected economic recovery and plans to cut 6 percent of its workforce, adding that it forecasts only a modest rebound in late 2010.

According to a CNN poll released yesterday, almost 3 out of every 4 Americans think at least half of the money in last years $787 billion stimulus bill is being wasted.

President Barack Obama will deliver his first State of the Union speech at 9 p.m. EST on January 27 to reassure Americans about their jobs and the economy.

Sam's Club, the warehouse club division of Wal-Mart Stores Inc is cutting roughly 11,200 jobs, or about 10 percent of its workforce, as it outsources in-store product demonstrations and eliminates positions used to recruit new business members.