CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories. It's a big week for earnings, and Sotheby's is auctioning a 100-carat diamond.» Read More
The head of French carmaker PSA Peugeot Citroen told newspaper Le Figaro that job losses were likely to occur at the group.
Airbus confirmed Wednesday that it plans to spin off several manufacturing sites and shed about 10,000 jobs as part of a long-awaited restructuring plan, union officials said. Workers staged stoppages to protest the cuts.
Germany's unemployment rate fell in seasonally unadjusted terms to 10.1% in February from 10.2% the month before, the country's Federal Labor Office said Wednesday, a sign that companies continued to hire more workers.
The fate of a higher federal minimum wage for the lowest paid workers no longer depends on whether small businesses will get tax breaks. The pending question is the size of the breaks.
Alcatel-Lucent on Friday said it would cut about 12,500 jobs over three years, more than previously announced, as it reported a fourth-quarter net loss and forecast a drop in first-quarter revenues.
Yesterday, in an unusual show of camaraderie, Wal-Mart joined with the Service Employees International Union to call for universal health care coverage by 2012. The catch: They have no specific plan to achieve the goal. Presidential hopefuls in the 2008 campaign won’t get off that easy, though, especially because a large number of voters see this as....
The bizarre story of the NASA astronaut who is charged with trying to kill a romantic rival over a love triangle is unfolding almost as if it were the plot of a TV soap opera. The love-struck mother of three is back in Texas today, a day after being charged in Florida with trying to murder the woman she believed was her romantic rival for a space shuttle pilot's affections. But this true story brings up an interesting real world question; if this can happen at NASA, (which has arguably the best talent in the world) what is keeping it from happening in corporate America?
A measure of growth in the Eurozone service sector hit a 6-month high in January of 57.9, compared with 57.2 in December, according to RBS/NTC, fueling speculation that European interest rates could see a further rise during 2007.
Employment figures are down: the Labor Department reports joblessness rising to 4.6%. The Dow has followed suit, losing 30.92 points by presstime. Should investors head for the hills? Not according to Mike Darda, chief economist at MKM Partners. Darda joined "Street Signs" to...
When Pfizer announced its deeper cost cuts last week, including a total of about 10,000 layoffs, analysts said other big drug companies that had not already started restructuring would use the industry giant as the model. Sure enough, today AstraZeneca said it will get rid of 3,000 employees (5% of its workforce) over the next few years. Also: Gilead shares at record high.
This morning investors are trying to figure out what today’s jobs report means for the economy and interest rates. According to the U.S. Labor Department, employers added only 111,000 jobs last month, below the 150,000 that had been expected. The reports also says our nation’s unemployment rate reached 4.6%, that’s a four-month high.
This morning's jobs number has ignited a big debate--should stock traders focus on the weak front month numbers or the strong prior revisions? The recent economic data has been so strong that bulls are successfully arguing that its the revisions that matter.
It's all about the jobs report today, and stocks are tentative ahead of the number. The market is looking flat to positive, after a rousing performance yesterday that lifted the Dow to its 27th new record since October. Non farm payrolls are expected to increase by 167,000.
While President George W. Bush and fellow Republicans may be touting the growing economy as proof their policies are working, the Democrats say those corporate-level profits aren’t exactly trickling down to the average American. But it’s not the government’s job to redistribute wealth as far as the free market purists are concerned.
On a gut level, the idea of high unemployment brings feelings of despair and insecurity to workers and economists. So one might assume that extremely low unemployment would be intrinsically good. Not so, says Joel Naroff. If the unemployment rate dropped to 3.5%, as analyst Ed Yardeni predicts, the negative effects could spread from big business....
A gauge of U.S. labor demand edged up in January, rebounding from December's sharp decline, as hirings picked up in some service sectors, Monster, the global online careers and recruiting firm, said Thursday.
The U.S. Senate is almost through debating a bill to raise to the minimum wage. However--Republicans want to amend the bill with provisions including tax breaks for businesses in order to offset the costs of a higher minimum wage. Democrats don't want that. There's also a move to attach tax deferred compensation to the measure.
As we reported earlier, President George W. Bush is in New York today, speaking to Wall Street about a number of the domestic initiatives he emphasized during his State of the Union speech. The president’s remarks showed an awareness of the political reality of a Democratic Congress, but he pushed his own agenda nonetheless. Liz Claman hosted a roundtable reaction on “Morning Call.”
President George W. Bush is speaking on Wall Street today to further promote the economic initiatives he laid out during his State of the Union speech last week. Yesterday, the president visited the Caterpillar headquarters in Peoria, Ill., where he emphasized the importance of free trade rather than the protectionist rhetoric coming from some Democrats.
Ben Bernanke called for greater transparency when he took the reins of the Federal Reserve. But as Wall Street awaits the Fed's Wednesday statement, two analysts still seeks clues to second-guess the chairman.