Labor
Brazil approves law to modernize ports
Brazil plans to modernize and expand its overcrowded ports, attract private investments to the sector and make it easier for companies to hire skilled foreign workers, in a bid to spur economic growth, The Brazilian Congress approved legislation late Thursday that allows the private sector to invest in state-owned ports ...
Greece faces slow, jobless recovery next year
Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three years, the country's international debt inspectors said. The European Commission issued the gloomy predictions Friday in a 237-page assessment of Greece's bailout agreement, as the ...
Unemployment falls in 40 US states, rises in 3
Solid hiring helped lower unemployment rates in 40 U.S. states last month, the most since November. The declines show the job market is improving throughout most of the country. The Labor Department said Friday that unemployment rates increased in only three states: Louisiana, Tennessee and North Dakota. Rates were unchanged ...
Bloomberg appoints ex-IBM CEO as privacy adviser
Bloomberg LP, the financial news and information service, on Friday said it has appointed Samuel Palmisano, the former CEO of IBM, as an independent adviser on its privacy and data standards. The move comes a week after revelations that Bloomberg journalists had access to some information on customers' use of ...
Correction: Retailers-Bangladesh story
In a story May 15 about retailers' reactions to a proposal aimed at making garment factories safer in Bangladesh, The Associated Press erroneously reported that Gap wouldn't sign on unless it would be free of any legal liability. In fact, Gap was objecting to facing unlimited legal liability. The company ...
SC unemployment falls to lowest rate in 5 years
South Carolina's unemployment dropped to its lowest rate in five years in April, state officials said Friday, a drop they attributed in part to increased hiring in preparation for the state's multi-billion-dollar summer tourist season. The state's jobless rate fell to 8 percent in April, according to the Department of ...
Former Tuesday Morning CEO sues over firing
The former CEO of Tuesday Morning has filed a discrimination lawsuit against the discount retailer, saying she was fired just months after revealing she had breast cancer. The lawsuit by Kathleen Mason follows a discrimination filing with the Equal Employment Opportunity Commission this summer. Mason's lawyer, Rogge Dunn, says she ...
Gauge of US economy's future health up in April
A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market. The Conference Board said Friday that its index of leading indicators increased 0.6 percent last month to a reading of 95. That followed ...
Hints of political change on horizon in Algeria
The Arab Spring may finally be en route to Algeria. With the president in a French hospital recovering from a stroke, the generation of aging politicians and generals that has run Africa's largest country for a half-century is reaching its end. Adding to the mix, Algeria's overwhelmingly young population is ...
Ohio unemployment rate drops slightly
Ohio's unemployment rate fell slightly to 7 percent in April after being stuck at 7.1 percent the two previous months, according to state data released Friday. The mostly static seasonally adjusted rate so far this year followed months of incremental decreases, according to numbers from the Ohio Department of Job ...
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