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Labor
Sequester cuts hit poor, elderly, cancer patients
The first warnings about the spending cuts were dire. In March, as the sweeping $85 billion reductions known as sequestration kicked in, President Barack Obama called them "stupid" and "arbitrary" and said they could thwart economic progress. Opponents said the administration was using scare tactics, predicting doom even though the ...
Explosions remind La. that plants not always safe
By some measures, chemical plants like the sites of separate fatal explosions this week in Louisiana are among the safest manufacturing workplaces in America. That doesn't stop residents and emergency responders from keeping wary eyes on the hundreds of facilities stretched along the Mississippi River from New Orleans to Baton ...
Help wanted: Lululemon's cheeky CEO ad
If you can hold a headstand for at least 10 minutes, communicate in Sanskrit and enjoy downing wheatgrass and tequila shots on Fridays for work-life balance, Lululemon has a job for you. After a rocky few months, the company is seeking a new CEO. Lululemon Athletica Inc. has posted a ...
Business Highlights
_____ Microsoft brings Office to iPhone, but not iPad NEW YORK (AP) — Even as a pared-down version of Microsoft's Office software package arrived on the iPhone, the company is holding out on extending that to the iPad and Android devices as it tries to boost sales of tablet computers ...
Chrysler freezes pension plan for 8,000 employees
Chrysler Group LLC said Friday that it is freezing the pensions of roughly 8,000 U.S. salaried employees at the end of the year. The U.S. automaker said it is making the move to stay in line with industry trends and to comply with IRS regulations. The Auburn Hills, Mich.-based company ...
New regional bank aims to grow Appalachian economy
Mike Hurley had a great opportunity: He could multiply sales and staff by converting his metal-stamping business from one that made brackets for the automotive industry into a top-tier supplier of satellite dishes to DirecTV. He also had a problem: Highlands Diversified Services is headquartered in small-town Appalachia, a place ...
Europe seeks ways to ease youth unemployment
Germany, France, Italy and Spain agreed Friday to find ways to help small- and medium-sized companies as part of a broader plan to create badly needed jobs for young people. High youth unemployment has been a crippling result of Europe's sovereign debt crisis. Economy and labor ministers from the four ...
IMF: US economy improving but spending cuts a drag
The U.S. economy is on sounder footing than it was a year ago but is still being restrained by government spending cuts and tax increases, the International Monetary Fund said Friday. The IMF's annual report on the U.S. economy noted that the underlying fundamentals are gradually improving: Home prices and ...
IMF: US economy improving but spending cuts a drag
The U.S. economy is on sounder footing than it was a year ago but is still being restrained by government spending cuts and tax increases, the International Monetary Fund said Friday. The IMF's annual report on the U.S. economy noted that the underlying fundamentals are gradually improving: Home prices and ...
US wholesale prices rise 0.5 percent in May
A rise in food and gas costs drove a measure of wholesale prices up sharply in May. But outside those volatile categories, inflation was mild. The Labor Department said Friday that the producer price index rose 0.5 percent in May from April. Gas prices rose 1.5 percent last month, and ...
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