Obama touts innovation agenda for spurring jobs
President Barack Obama touted his agenda to foster innovation as a means of spurring job creation and boosting U.S. global competitiveness during a high-tech visit to
GM to offer Pandora Internet radio on Chevy cars
General Motors Co (GM.N) will launch a new system to stream online radio from Pandora in upcoming Chevrolets starting with the Volt and Equinox. The new partnership comes as the top U.S. automaker looks to make up for lost ground against Ford Motor Co (F.N) in the increasingly competitive market for digital entertainment systems in vehicles.
Chipotle fired 450 after Minn. immigration audit
Chipotle Mexican Grill Inc (CMG.N) fired about 450 workers in Minnesota after an audit by U.S. immigration officials flagged questionable worker eligibility documents, the company said in a regulatory filing on Thursday. U.S. Immigration and Customs Enforcement (ICE) audited the company's Minnesota restaurants, which led to the dismissals mentioned above.
North Carolina's Democrat governor wants job cuts
North Carolina's Democratic governor on Thursday proposed eliminating more than 10,000 government jobs and cutting corporate taxes as part of a $19.9 billion state budget. The spending plan Governor Beverly Perdue sent to the Republican-controlled General Assembly in Raleigh is nearly $1 billion higher than the current year's spending plan
BP workers could have prevented rig accident: report
BP had workers on the doomed Deepwater Horizon rig who could have prevented the missteps that led to the massive Gulf of Mexico oil spill, but they were not consulted, the White House oil spill commission said on Thursday. In an expanded report on the causes of the BP drilling disaster that killed 11 workers and ravaged the U.S. Gulf coast last summer, the commission released new details about the events that preceded the BP accident.
Michigan governor seeks budget cuts, new business tax
Michigan Governor Rich Snyder on Thursday unveiled a plan that includes $1.8 billion in budget cuts and seeks to replace the state's business tax with a flat 6 percent corporate income tax.
Obama to name Intel CEO to White House jobs panel
Intel Corp Chief Executive Paul Otellini will be named to a panel of experts advising President Barack Obama on jobs, the White House said on Friday. Otellini will join the President's Council on Jobs and Competitiveness, created in January to focus on lifting hiring and promoting growth.
Taxing offshore profit up for debate: aide
The debate over overhauling the U.S. corporate tax system will have to include whether to cut taxes on profits earned abroad, a Treasury Department official said on Thursday. Michael Mundaca, assistant Treasury secretary for tax policy, a White House point man on revamping the corporate tax code, also said that corporate tax reform could be done before individual tax reform.
Amid crisis, US state workers say: 'Don't blame us'
When a New Jersey family with an autistic child walks into the state office seeking help, Norlande Perpignan is often the first person they see. A clerk making $41,082 a year at the Division of Developmental Disabilities, Perpignan, 40, is also on the front lines of a national debate about public spending, taxes and a fiscal crisis facing local governments.
Cameron seeks to end sick-note culture
Britain is to examine why so many people end up on long-term sick leave, fuelling a 192 billion pound annual bill for welfare, Prime Minister David Cameron announced on Thursday. The government is already preparing to reassess the circumstances of 1.5 million people off work on long-term incapacity benefits to see if they are fit enough to return to employment.
Stern Advice: Does your money need a mission statement?
There is much said about the need for a clear financial plan to maximize savings for retirement, college and other goals. But before you create that plan, you'll want guidelines to help you write it. It's like this: If your plan is a road map, you need to know where you want to go first, right?
NY City to lay off teachers despite rising revenue
New York City will have to lay off more than 4,000 public school teachers even though its revenue has leaped about $2 billion since forecasts made last November, a mayoral aide said on Wednesday. New York City has around 75,000 teachers but the headcount must be reduced because Democratic Governor Andrew Cuomo wants to cut state aid by $2.1 billion, the aide said.
Jobless claims rise 25,000 last week
New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that still pointed at gradual labor market recovery. Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 410,000, the Labor Department said, partially reversing the prior week's hefty decline.
Mass. towns owe workers $20 billion for health care
Massachusetts' largest 50 cities and towns will owe $20 billion to pay for their public workers' health care, an exploding cost that could force them to cut services taxpayers need, a new study said on Tuesday. In Boston, an average single family homeowner would pay an extra $100,000 in taxes over 30 years to meet this health care obligation, estimated the the Massachusetts Taxpayers Foundation, a fiscal monitor.
Keyword Mapping: The Key to Résumé Success
One of the first things I discuss with my clients pertains to their current career target. Why? Because if I don't understand their target, there is no way I will be able to speak the language of their target audience and fuel desired outcomes. This is never more important than when a client expresses a desire to transition into a new field or industry. To illustrate this point, meet Tricia.
4 Quick Ways to Improve Your Executive Resume
Try this: pick up your resume and scan it for 15 seconds. Now put it down and write down what you can remember. Now ask yourself, Would I call this person? If your executive resume does not have a clear value proposition that compels someone to call you, then you need to make some changes. Here are 4 ways to do that and immediately improve your results.
Egypt extends bank holiday for rest of week
Egypt's central bank said the country's banks would remain shut for the rest of the week after closing since Monday because of strikes that disrupted business and a public holiday, state television said on Tuesday. Banks had been due to close on Tuesday, which is an official holiday marking the Prophet Mohamed's birthday.
Thousands of Wisconsin union workers protest budget plan
More than 10,000 union public employees and supporters packed the Capitol Square and the inside of the statehouse on Tuesday to protest Gov. Scott Walker's budget plan to strip many bargaining rights from state and local government workers. Republicans legislators hope to get the bill, announced by the new Republican governor last Friday, to Walker's
GM set to pay hourly workers at least $4,000 bonus
General Motors Co (GM.N) will pay its 45,000 hourly workers in the United States a bonus of at least $4,000 each, the automaker said on Monday. The average employee payout will be finalized by the end of February. The payments will be doled out on March 25, a company spokeswoman said.
Geithner: Cut corporate tax rate substantially
Treasury Secretary Timothy Geithner said on Tuesday that the United States needs to cut the corporate tax rate substantially with a goal in the high 20 percent range, down from the current 35 percent. A day after the White House unveiled a budget that seeks to trim the country's massive deficit, Geithner reiterated that the Obama administration
California governor Brown freezes state hiring
California Governor Jerry Brown ordered a hiring freeze on Tuesday across the state's government to help cut costs in the face of a budget gap of at least $25 billion. The budget deficit of the nation's most populous state is closely tracked in financial markets. California is the biggest issuer of U.S. municipal debt, and is of concern in Washington
Analysis: Egypt army faces challenge over workers, subsidies
The Egyptian army, praised for overseeing a mostly peaceful revolution, is running into a storm of wage and subsidy demands overtaking pressure for democracy and piling more burdens on an already teetering economy. That has already happened in Tunisia, where strikes and protests continue more than a month after citizens ousted their strongman president and galvanized Egypt's opposition forces to do the same with theirs last week.
Rosier jobs view shortens 'extended period'-SF Fed
Recent improvement in the U.S. labor market has shortened the duration of the U.S. Federal Reserve's extended period of near-zero interest rates, but only by about three months, a San Francisco Fed economist said. To try to blunt the effects of the Great Recession, the Fed lowered its target rate for overnight lending between banks to near zero in December 2008, and has promised to keep it there for an extended period.
9 Obvious Ways to Get Promoted
It would be safe to say you would have probably entertained the question of how to get promoted even before you graduated or left school. In my chats with juniors from my industry, I am often asked this question which I gladly answer. However, I sense they simply want short cuts to the next level.
San Francisco Fed-'natural' jobless rate has risen
Structural economic changes have likely pushed up the 'natural' rate of U.S. unemployment to about 6.7 percent, researchers at the Federal Reserve Bank of San Francisco said on Monday. That's much higher than the 5 percent level that has been the historic norm, the researchers said in the latest edition of the San Francisco Fed's Economic Letter.
Fannie, regulator defend legal aid for former execs
The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions of taxpayer dollars to pay legal bills for former executives accused of fraud. Michael Williams, Fannie Mae's chief executive and Edward DeMarco, director of the Federal Housing Finance Agency, each told a U.S. House of Representatives panel that not paying for the legal aid would be counterproductive
Fed's Pianalto says job growth still anemic
The U.S. labor market still is in a deep rut despite a recent drop in the unemployment rate, Cleveland Federal Reserve Bank President Sandra Pianalto said on Tuesday. Unemployment rates have decline a bit recently, but job creation remains anemic, as businesses have been cautious in expanding their payrolls, Pianalto said in remarks to the Summa Hospitals Women's Board.
Special Report: Can Japan's spirited youth save their aging nation?
A graduate of the prestigious University of Tokyo's economics department, Keishiro Kurabayashi could have joined a blue-chip firm and begun climbing the corporate ladder. Instead, he interned at DeNA, then a fledgling start-up and now a successful social networking and mobile gaming firm.
Egypt faces tough job redeploying tarnished police
The army will need to stay on the streets until a disgraced police force recovers from the heavy damage inflicted by Egypt's turmoil -- an uncomfortable burden for a military designed to fight foreign enemies, not crime. A quick redeployment of the police, which largely dissolved in the first days of the unrest, is a priority for the military command that took control from former President Hosni Mubarak on Friday. It will not be easy.
Pandora Media files for IPO of up to $100 million
Internet radio company Pandora Media Inc filed to raise up to $100 million in an initial public offering of common stock, becoming the latest technology company to test the public markets. Pandora, which runs an online service that allows users to stream free music based on feedback from the listener, has 80 million registered users.