U.S. Second-Quarter Growth Much Stronger; Jobless Claims Fall Again

The U.S. economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses.

A construction site is seen in Silver Spring, Maryland March 8, 2013.

Samsung Unveils Smartwatch That Can Make Calls

Samsung Electronics Co Ltd on Thursday unveiled what it said was the first smartwatch capable of making and receiving calls without a mobile phone nearby, in the South Korean firm's latest effort to find a new growth driver.

Visitors walk past the Samsung stand at the Mobile World Congress in Barcelona February 24, 2014.

FBI, Secret Service Investigate Reports Of Cyber Attacks On U.S. Banks

The U.S. Federal Bureau of Investigation said it is investigating media reports that several U.S. financial firms have been victims of recent cyber attacks.

A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013.

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Jobs & Career News

After Disasters, Stricken Malaysia Airlines Staff Brace For Job Cuts

A Malaysia Airlines air stewardess wipes her eyes during a memorial for victims of MH370 and MH17 at Malaysia Airlines headquarters in Kuala Lumpur July 25, 2014.

As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines (MASM.KL) flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in grief.

Indebted Dutch Engineer Imtech To Issue Shares, Cut Jobs

Imtech Builiding Services

Dutch engineering services group Royal Imtech is cutting 750 jobs, raising 600 million euros ($792 million) in a share sale and selling its information technology arm in a bid to cut hefty debts that have battered its shares.

Pressure Builds Within Fed To Signal New Policy Course

Janet Yellen, Chair of the Federal Reserve, enters the opening reception of the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming on August 21, 2014.

Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank’s first interest rate hike in nearly a decade.

U.S. Labor Market Less Flexible Than In 1990, Economists Warn

A man walks past job seekers as they fill out job applications for recruiters during a job fair in New York, June 11, 2013.

The U.S. labor market has become steadily less dynamic since 1990, with workers seemingly locked into particular jobs and a more sluggish process of job creation and destruction in the private sector, according to research to be presented to global central bankers on Friday.

Sanoma Plans Job Cuts From Finnish Magazines

Logo of publishers Sanoma Uitgevers on their headquarters in Hoofddorp, the Netherlands. Photograph taken on October 10 2010.

Finnish media group Sanoma on Tuesday said it was planning to cut up to 130 employees from its Finnish magazine unit, telesales and customer service operations.

Computers Reshaping Global Job Market, For Better and Worse: Paper

People use computers at a job fair in Detroit, Michigan March 1, 2014.

Automation and increasingly sophisticated computers have boosted demand for both highly educated and low-skilled workers around the globe, while eroding demand for middle-skilled jobs, according to research to be presented to global central bankers on Friday.

U.S. Retailers Feel The Pinch As Frugal Shoppers Curb Spending

U.S. retailers feel the pinch as frugal shoppers curb spending

Weak results from the likes of Wal-Mart Stores Inc (WMT.N) and Macy's Inc (M.N) are the latest sign less affluent U.S. consumers are still pinching their pennies and the trend appears to be hurting upmarket retailers as well.

Cisco To Cut Another 6,000 Jobs As Forecast Falls Flat

Cisco to cut another 6,000 jobs as forecast falls flat

Cisco Systems Inc (CSCO.O) forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers.

After Offshore Oil Failure, Cuba Shifts Energy Focus

After offshore oil failure, Cuba shifts energy focus

Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say.

A price sign at a Dollar General store in Arvada, Colorado June 2, 2009.

Dollar General Says Committed To Family Dollar Deal

Dollar General Corp (DG.N), the No.1 U.S. deep discount retailer, said it remained committed to acquiring rival Family Dollar Stores Inc (FDO.N) and that its offer was both superior and achievable than an offer from Dollar Tree Inc (DLTR.O).

Umbrellas are seen in front of the Apple store on 5th Avenue in New York May 19, 2013.

Apple Planning 12.9-inch iPad For 2015: Bloomberg

Apple Inc (AAPL.O) is preparing to roll out a larger, 12.9-inch version of its iPad for 2015, with production set to begin in the first quarter of next year, Bloomberg cited people with knowledge of the matter as saying on Tuesday.

An employee of the World Health Organisation (WHO), who contracted Ebola in Sierra Leone arrives at the 'Universitaetsklinikum Hamburg-Eppendorf ' (University Clinic Eppendorf- UKE) in an ambulance

WHO Employee Infected By Ebola To Be Flown To Hamburg For Treatment

An employee of the World Health Organization (WHO) who contracted Ebola in Sierra Leone will be flown to the German city of Hamburg for treatment, a spokesman for the city said.

Scotland's First Minister Alex Salmond holds the referendum white paper on independence during its launch in Glasgow, Scotland November 26, 2013. .

Business Leaders Say Case For Scotland's Independence Has Not Been Made

More than 100 business leaders spoke out against Scottish independence saying the business case for independence has not been made, the biggest intervention by the United Kingdom's business community in the referendum debate so far.

The Central Business District is seen from the air on a sunny winter afternoon in Sydney August 24, 2013.

Millionaire Investors Catch Australia's High-Yield Express

Australia's embryonic high-yield bond business is growing fast thanks to burgeoning demand from yield-starved wealthy individuals - a trend that may be loosening up the nation's conservative debt market.

Visitors walk past the Qualcomm stand at the Mobile World Congress in Barcelona, February 24, 2014.

Chipmaker Qualcomm may face EU antitrust probe

Qualcomm, the world's No. 1 mobile chipmaker, may face a European investigation related to a four-year-old complaint from a subsidiary of rival Nvidia Corp, three people familiar with the matter said on Tuesday.

The homepage of live-streaming gaming network Twitch Interactive.

Amazon Snaps Up Live Video Startup Twitch For $970 Million

Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, reflecting Chief Executive Officer Jeff Bezos' resolve to transform Amazon into an Internet destination beyond its core retail operations.

An Ann Taylor Store ''LOFT'' in Encinitas, California is shown here May 20, 2008. Ann Taylor Stores Corporation will report its first quarter earnings on May 22, 2008.

Activist Investor Rresses Apparel Retailer Ann Inc For Sale

An activist investor urged women's apparel retailer Ann Inc (ANN.N) to sell itself, saying it could fetch as much as $2.52 billion, failing which each of the company's board members should buy back stock as a "sign of confidence".

Packs of U.S. one hundred dollar bills are counted at a bank in Westminster, Colorado November 3, 2009.

Dollar Flatlines Ahead of Yellen, Draghi at Jackson Hole

The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.

A man plays a video game on Sony Corp's PlayStation 4 console at its showroom in Tokyo July 16, 2014.

Sony Says PlayStation Network Back Online, User Information Safe After Attack

Sony Corp's (6758.T) PlayStation Network was back online on Monday following a cyber attack that took it down over the weekend, which coincided with a bomb scare on a commercial flight carrying a top Sony executive in the United States.

Labourers work at a construction site of residential buildings in Hefei, Anhui province, August 20, 2014.

Business Growth Slows In China and Europe, Russia Sanctions Still To Bite

Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going.

A family leaves the Staples store in Broomfield, Colorado August 17, 2011 as the back-to-school shopping season begins.

Staples Beats Estimates On Strong Demand For Breakroom Supplies

Staples Inc (SPLS.O) reported better-than-expected quarterly profit and sales, driven by strong demand for non-core office supplies, such as furniture and breakroom items, from companies in North America.

A man rides an escalator near Shanghai Tower (R, under construction), Jin Mao Tower (C) and the Shanghai World Financial Center (L) at the Pudong financial district in Shanghai July 4, 2013.

Promise Of More Keeps Investors Hooked On Asia's Frothy Markets

Calling the top in financial markets is never easy. Asian stock and bond markets may appear frothy at their near-record levels after a multi-year rally, but global investors are still betting on a mix of healthy returns and history to juice up their profits.

A woman shops for groceries at a Whole Foods supermarket in New York May 18, 2010.

U.S. Consumer Prices Rise Modestly In July

U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.

A worker labors on a housing project on Mission Street in the South of Market neighborhood in San Francisco, California April 29, 2014.

U.S. Housing Starts, Permits Surge In July

U.S. housing starts and building permits rebounded strongly in July, suggesting the housing market recovery was back on track after stalling in the second half of last year.

Morgan Stanley to pay $4.2 million to settle overtime pay case

Morgan Stanley To Pay $4.2 Million To Settle Overtime Pay Case

Morgan Stanley and sales assistants in its wealth management branch system who claimed they were owed overtime pay agreed to a $4.2 million settlement.

End of the Wirtschaftswunder? Germany's sudden slowdown

End Of The Wirtschaftswunder? Germany's Sudden Slowdown

The German soccer team's romp to victory in last month's World Cup was hailed at home as a symbol of the country's emergence as a confident global economic power.

Exclusive: Standard Chartered to scour records for money laundering, with penalty at stake

Exclusive: Standard Chartered To Scour Records For Money Laundering, With Penalty At Stake

Standard Chartered Plc will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance program, two sources with knowledge of the matter said.

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