Companies that make the gene-sequencing devices used in scientific research face a tough few years as potential cuts to the U.S. federal budget squeeze funding to its main academic and research customers.
On the day President Barack Obama sent his $447 billion jobs bill to Congress in a bid to solve America's unemployment problem, the Bank of America delivered an economic blow -- announcing plans to slash as many as 30,000 jobs.
Facebook co-founder Chris Hughes said a move by North Carolina lawmakers to prohibit gay marriage is bad for business.
Finally, U.S. President Barack Obama is wearing his job, acting and talking with a plan and swagger becoming of his office. After unveiling a massive jobs plan to get America out of its nine percent unemployment and flat growth doldrums late last week, Obama is pushing Congress to get it done or get out of the way so America can get moving again.
Bank of America tried to grow at the peak of the U.S. financial disaster several years ago, acquiring Countrywide Mortgage and Merrill Lynch, the investment bank, but now the Charlotte, N.C.-based company is destined to shrink. The company disclosed plans on Monday to cut 30,000 jobs, as the nation's largest bank tries to cut costs as the U.S. economy continues in a slow-growth, high unemployment mode.
In 2010, House Republicans campaigned on job creation.Therefore, roughly a year into their leadership, Americans can rightfully ask: where are the jobs?
Business leaders and former government officials urged President Barack Obama on Monday to go big with his recommendations to a congressional panel tasked with slashing America's debt.
Will the Tea Party faction-dominated Republican Party try to find common ground with President Barack Obama and pass a much-needed jobs bill?
Aisling McNiffe's voice crackles when she talks about her son's school prospects.
A bill to assist a proposed stadium project aimed at bringing the National Football League back to Los Angeles was approved by California lawmakers on Friday and sent to Governor Jerry Brown.
Without qualification or conditions, amid a tepid U.S. economic recovery, the U.S. housing market remains a buyer's market. That said, are there ways home sellers can better-position their home for a sale amid such intense competition? Indeed there are, and here are five.
Weak jobs and housing starts data for August doused any hopes for robust growth after a bleak second quarter, underscoring its vulnerability to a struggling U.S. economy and the widening European debt crisis.
China and the United States should reduce trade and investment barriers to create jobs, U.S. Ambassador to China Gary Locke said on Friday, striking a broadly cooperative tone in his first official public address since assuming the position in August.
President Barack Obama's freshly unveiled $447 billion jobs plan would substantially boost the economy by creating 1.9 million payroll jobs and growing the U.S. economy 2 percent, Moody's Analytics Chief Economist Mark Zandi said.
Republicans vying for GOP nomination wasted no time in criticizing President Barack Obama's jobs speech, and they weren't bashful.
In statements issued after President Obama's jobs speech on Thursday night, Republican leaders struck a note very different from the uncompromising, line-in-the-sand rhetoric that has been dominating political discourse. Criticisms of Obama and fundamental differences of opinion were still evident, but there were also gestures toward conciliation and compromise.
Obama laid out an ambitious $450 billion package of spending plans and tax cuts designed to stimulate the economy and create badly needed jobs.
President Barack Obama made a savvy play with his jobs speech proposal, if one considers his personal political hide. America's unemployment problem has gone on too long, and the nation is looking to Washington, and the president, to do something about it. So he drew up a economic plan that has a big price tag -- $447 billion -- urging Republicans and Congress to act immediately on it.
President Barack Obama's jobs package could lift economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point, judging by early estimates.
President Barack Obama presented a $447-billion plan for boosting jobs on Thursday before a rare joint session of the Congress and urged the Republicans to take urgent action to pass his plan leaving aside political differences.
President Barack Obama proposed a $447 billion package of tax cuts and spending measures on Thursday aimed at spurring growth and hiring.
Michele Bachmann was the only Republican to give a formal, full-length rebuttal to President Obama's jobs speech Thursday night; House Majority Leader Eric Cantor spoke briefly to Bloomberg TV and House Speaker John Boehner issued a short statement.
