June 14 2012

Nokia to cut 10,000 jobs worldwide

Tagged Under :

Nokia said Thursday it will cut up to 10,000 jobs worldwide by the end of next year, part of an accelerated cost reduction program at the Finnish cellphone maker.

Nokia to cut 10,000 jobs worldwide

June 05 2012

Jobs report likely dampens growth outlook: Fed’s Evans

Tagged Under : , , ,

The president of the Chicago Federal Reserve Bank, Charles Evans, said on Tuesday that the May U.S. jobs report will likely dampen his own expectations for U.S. economic growth. “It’s hard to imagine …

Jobs report likely dampens growth outlook: Fed’s Evans

June 04 2012

World markets under pressure

Tagged Under : ,

European stocks were mixed Monday, while Asian stocks sold off in reaction to last Friday’s U.S. jobs report that was released after Asian markets had closed.

World markets under pressure

June 01 2012

U.S. jobs report a disaster

Tagged Under :

Businesses hired far fewer workers than expected in May, throwing into doubt the strength of the economic recovery.

U.S. jobs report a disaster

June 01 2012

Stocks in U.S. headed for an ugly start

Tagged Under : ,

Stock futures plunged, the 10-year yield on U.S. Treasuries hit another record low and a world market sell-off gained steam early Friday after a U.S. jobs report fell far short of expectations.

Stocks in U.S. headed for an ugly start

June 01 2012

U.S. manufacturing growth slows in May

Tagged Under :

The rate of manufacturing growth slowed in May, according to a purchasing manager’s report out on the same day that the government released disappointing jobs numbers.

U.S. manufacturing growth slows in May

June 01 2012

U.S. crude oil falls $3 in cross-market rout

Tagged Under : ,

U.S. light crude oil fell more than $3 per barrel on Friday in a general market sell-off as poor U.S. jobs data followed weak Chinese figures to deepen worries over the prospects for global economic growth. …

U.S. crude oil falls $3 in cross-market rout

June 01 2012

Record high unemployment

Tagged Under : , ,

The 17-nation eurozone’s unemployment rate reached the highest level since the creation of the common currency 13 years ago, climbing to 11% in April as employers slashed 110,000 jobs.

Record high unemployment

May 31 2012

U.S. investors weigh jobs, GDP

Tagged Under : , , ,

U.S. stocks were headed for a positive open Thursday, the last day of a wretched month that saw Treasury yields in the U.S. fall to record lows, while Spain and Greece kept contagion worries front and center.

U.S. investors weigh jobs, GDP

May 30 2012

Fed’s Fisher: More easing wouldn’t help U.S. economy

Tagged Under : , , ,

U.S. corporations are not seeking more liquidity from the Federal Reserve, and further monetary easing is unlikely to help on the jobs front, a top Fed official said on Wednesday. “I don’t hear any …

Fed’s Fisher: More easing wouldn’t help U.S. economy