PORTLAND, Maine— FairPoint Communications said it needed to bring costs and benefits into sync with competitors in the telecommunications industry. Workers said during a four-month strike in northern New England that the company was positioning itself for potential sale, and a Wall Street analyst said shareholders are pressing for one.» Read More
A federal judge has granted class-action status to a lawsuit accusing Costco Wholesale of denying promotions to women.
Today, the U.S. House of Representatives will vote on whether or not to increase the minimum wage. While the law is expected to pass without much difficulty, there’s still plenty of debate on whether the intended effect – more purchasing power for low-skilled workers – is beneficial for the overall economy. Opponents say the increase hurts small businesses and, in the end, prices job seekers out of the market.
Governor Arnold Schwarzenegger is introducing a new plan to cover nearly all of California's uninsured. The Clinton administration tried something similar but the proposal died in Congress before it ever got off the ground. Does the former body-builder have the political muscle to get his idea past his political opponents? On CNBC’s “Morning Call” we took a closer look at his plan and why it could land before a judge.
Job growth and worker wages climbed strongly in December, suggesting the labor market remains very tight.
Pimco's Bill Gross is calling for four rate cuts this year with the benchmark 30-year bond going down to 4.25%. But will that really happen in light of today's stronger-than-expected payrolls report? On CNBC’s "Closing Bell," Maria Bartiromo asked the bond maven what he thought.
Educated Guesses & Wild Stabs: It occurs to me that, as much as I’ve tried to fill this space with amusing anecdotes, I’ve let a dose of negativity creep in recently as I’ve detailed my dislikes of auto sales and presidential news conferences. So today, I’ll reverse that by telling you how much I love the monthly jobs report.
The Dow, Nasdaq and S&P 500 are down this morning after a better-than-expected jobs report. That’s right, healthy employment numbers have caused a dip in the market. Traders appear to be more concerned with the Fed these days, and the robust report could mean there's no rate cut in the near future. William O’Neil’s Stephen Porpora can’t understand why everyone is so surprised. He appeared on "Squawk on the Street."
The U.S. Department of Labor released the December jobs report this morning. Non-farm jobs are up by a surprising 167,000---while the unemployment rate is unchanged at 4.5%. Analysts had expected about 100,000 jobs for December. CNBC’s "Squawk Box" team sifted though all the data and explained what the numbers mean going forward. Jack Bouroudjian is from the Brewer Investment Group. He said this is good news and bad news....
U.S. jobs data will guide the markets today and bad news from Motorola is rippling through global markets. An early look shows U.S. equities weaker ahead of the opening. European stocks are lower as commodity driven shares continue to sell off and most Asian markets closed with losses.
Unemployment in the 12 countries that use the euro to dipped to 7.6% in November, the European Union said Friday.
The pace of growth in the U.S. service sector eased in December, although employment in the sector improved and a price index rose to its highest level since last August, according to a report.
Online job recruiting fell in December following two consecutive months of growth.
Leaders in the new Democratic Congress are kicking off their new session with their so-called “100-Hour Agenda.” In a “First on CNBC” interview, incoming House Majority Leader, Rep. Steny Hoyer discussed these initiatives and what's ahead.
Stocks look set to open lower as concerns about the direction of interest rates hangs over the market. Yesterday's turbulent move in stock indexes came on a wave of record trading volume. Some traders are telling us the high level of intraday volatility will be a theme for 2007 after a period of relative calm.
Today's ISM numbers show there are some stable signs for manufacturing in the U.S. But is this just a blip or can the sector keep getting strong in 2007? That question was posed to two guests on "Morning Call." Joel Naroff is chief economist at Commerce Bank. He thinks it won't. Anthony Chan is from JP Morgan Private Client Services. He thinks there are some good days ahead for manufacturing.
With the new year comes new economic data. Today it’s a double dose. The Institute for Supply Management Index released data for December Also, the government's Construction Spending figures for November are out. CNBC’s Steve Liesman sifted through the numbers and explained what they mean.
Some not so good numbers for the U.S. job market. The ADP report out today showed a decline of 40 thousand jobs for the month of December (the report focuses on the private sector). CNBC's Steve Liesman on "Squawk Box" talked about the figures along with guest host Alan Murray from the Wall Street Journal and Joel Prakken of Macroeconomic Advisors.
The number of Germans out of work rose over the politically important 4 million mark in December, with 12,000 more unemployed than in the previous month, government figures showed Wednesday.
Dutch financial services company ABN AMRO said it will cut 900 jobs or 5% of its North American workforce next year in an effort to reduce costs and improve operationalperformance.
Bob Milliken of BB&T Asset Management and Jim Paulsen of Wells Capital Management gave CNBC’s Bob Pisani their predictions for the new year.