Obama To Announce $600 Million U.S. Job-training Initiative

President Barack Obama will announce an initiative on Wednesday to devote $600 million to address a central challenge of today's economy: How to train workers for skills they need for jobs that are open but hard to fill.

U.S. President Barack Obama speaks at the National Action Network's 16th Annual Convention in New York April 11, 2014.

U.S. Industrial Output Rises In March, Manufacturing Gains

U.S. manufacturing output rose for a second straight month in March in a sign of recovery from a long winter that had put a damper on activity.

Ford assembly line employees work on 3500 Duramax engine as they move along the assembly line at the Ford Lima Engine Plant in Lima, Ohio, March 28, 2014.

Zebra Tech To Buy Motorola Solutions' Enterprise Business

Barcode printer maker Zebra Technologies Corp said it would buy Motorola Solutions Inc's enterprise business, which makes rugged mobile computers, tablets and barcode scanners, for $3.45 billion in cash.

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Jobs & Career News

Health Secretary Resigns After Obamacare Launch Woes

U.S. health secretary resigns after Obamacare launch woes

U.S. Health and Human Services Secretary Kathleen Sebelius is resigning after overseeing the botched rollout of President Barack Obama's signature healthcare law, a White House official said on Thursday.

Senate votes to extend jobless benefits, faces divided House

U.S. President Barack Obama speaks during a visit to Bladensburg High School in Bladensburg, Maryland April 7, 2014.

The Democratic-led U.S. Senate passed a bill on Monday to restore expired jobless benefits for 2.4 million Americans who have been out of work for at least six months.

Yellen Strongly Defends Easy Fed Policies, Cites U.S. Labor Slack

United States Federal Reserve Chair Janet Yellen waits to speak at the 2014 National Interagency Community Reinvestment Conference in Chicago, March 31, 2014.

Federal Reserve Chair Janet Yellen said on Monday the U.S. central bank's "extraordinary" commitment to boosting the economy, especially the still struggling labor market, will be needed for some time to come.

U.S. Jobs Market Dropouts Increasingly Likely to Stay Out

A job seeker stands in a room of prospective employers at a career fair in New York City, October 24, 2012.

A growing number of Americans quitting the labor force are likely gone for good, offering a cautionary note to the Federal Reserve as it tries to gauge how tight the jobs market is and how quickly to raise interest rates.

Fed's Bullard Says U.S. Jobless Rate Expected to Fall Below Six Percent This Year

James Bullard, President of the St. Louis Federal Reserve Bank, speaks during an interview with Reuters in Boston, Massachusetts August 2, 2013.

The U.S. unemployment rate will fall below 6 percent by the end of this year, a Federal Reserve official said on Wednesday, offering a bullish view on the country's economy after central bank comments sent shock waves through financial markets last week.

Consumer Spending, Income Rise in February

A J.Crew store is seen in Manhattan, New York March 3, 2014.

U.S. consumer spending rose in February, in the latest sign that the economy was regaining strength after being chilled by bad weather.

U.S. Employment Fails To Rebound Strongly From Winter Chill

A job seeker (C) talks to an exhibitor at the Colorado Hospital Association health care career fair in Denver April 9, 2013.

U.S. employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up, suggesting a loss of momentum in the economy, even as the unemployment rate hit a new five-year low of 6.6 percent.

Jobless Claims Rise More Than Expected

Job seekers prepare for career fair to open at Rutgers University in New Brunswick, New Jersey, January 6, 2011.

The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend suggested the labor market continued to heal.

Intel To Reduce Global Workforce By Five Percent In 2014

People visit the Intel booth at the 2013 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 4, 2013.

Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, shifts focus to faster-growing areas, a company spokesman said on Friday.

CANADA STOCKS-TSX May Open Lower after Soft North American Jobs Data

Jobseekers talk with recruiters at a Hire Our Heroes job fair in Washington, in this file photo taken June 11, 2013. U.S. private employers added 176,000 jobs in August, nearly matching economists'

Canadian stock index futures pointed to a lower open on Friday following the release of weaker-than-expected U.S. and Canadian employment data.

Congress To Begin 2014 With Jobless Benefits Battle

U.S. President Barack Obama announces his Chief of Staff Jack Lew (R) as his nominee for Treasury Secretary, in the East Room of the White House in Washington, January 10, 2013 file photo.

The U.S. Congress begins what promises to be another highly combative year on Monday with a showdown over a White House-backed bid to renew unemployment benefits for 1.3 million Americans.

U.S. Jobless Claims Fall, Holiday Retail Sales Rise

A man picks up a leaflet at a job fair in Los Angeles, California, November 18, 2013.

The number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly a month, a hopeful sign for the labor market, while holiday retail sales rose in November and December.

U.S. Jobs Picture Improving, Manufacturing May Be Slowing

Corporate recruiters (R) gesture and shake hands as they talk with job seekers at a Hire Our Heroes job fair targeting unemployed military veterans and sponsored by the Cable Show, a cable television

The number of Americans filing new claims for unemployment aid unexpectedly fell last week, but continued weakness in business spending on capital goods suggested slower economic growth in the fourth quarter.

New York Governor Andrew Cuomo talks with reporters before signing the 2014-15 state budget at the State Capitol in Albany, New York, April 1, 2014.

New York Finalizes $8 Billion Medicaid Accord With Federal Government

New York State said it finalized an agreement with the U.S. government on Monday allowing it to reinvest $8 billion of federal money in its health insurance system for low income people while avoiding potentially painful cuts or additional budget strain.

People shop at a farmer's market in the Capitol Hill neighborhood, where many government workers as well as members of Congress live while in session, in Washington October 5, 2013.

Food, Rental Housing Bump Up U.S. Consumer Inflation

U.S. consumer prices rose in March, but inflation pressures remained generally benign, which should give the Federal Reserve ample scope to keep interest rates low.

Job seekers speak with with job recruiters while they attend the Coast to Coast job fair in New York, May 7, 2012.

Consumers' View Of U.S. Job Market Brightened In March: NY Fed

U.S. consumers grew more confident in the labor market last month, with younger workers in particular seeing a greater chance of finding work should they lose their current job, a survey from the Federal Reserve Bank of New York said on Monday.

A GE logo is seen in a store in Santa Monica, California, October 11, 2010.

GE Capital Seen Ripe For More Slimming After Credit Card IPO

As General Electric Co (GE.N) starts spinning off its consumer credit card business, some on Wall Street are hoping that the U.S. industrial conglomerate will eventually slim down its GE Capital finance unit even further.

Some research shows that spending a little bit on an indulgence can help make sure you save some of it as well.

Tax Refund Psychology Says Splurge In Order To Save

There are many enterprises out there trying to separate you from your tax refund - from splurges such as airlines tickets for a celebratory vacation or for good purposes, like putting it all in a college savings account.

Nuveen Investments Sign

TIAA-CREF to Buy Nuveen Investments For $6.25 Billion

TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings.

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009.

Producer Prices Hint At Some Inflation Building Up

U.S. producer prices recorded their largest increase in nine months in March as the cost of food and services surged, pointing to some pockets of inflation at the factory gate.

Wells Fargo walk up ATMs lit at night on Ninth Street in Durham, North Carolina.

Wells Fargo Profit Beats Estimates, Sets Aside Less For Bad Loans

Wells Fargo & Co, the biggest U.S. mortgage lender, reported a better-than-expected 14 percent rise in first-quarter net profit as it set aside less money to cover bad loans.

A crew member looks out an observation window aboard a Royal New Zealand Air Force (RNZAF) P3 Orion maritime search aircraft as it flies over the southern Indian Ocean looking for debris from missing

Australian PM Says Searchers Confident of Position of MH370's Black Boxes

Search and rescue officials in Australia are confident they know the approximate position of the black box recorders from missing Malaysia Airlines Flight MH370, Australian Prime Minister Tony Abbott said on Friday.

Traders work on the floor of the New York Stock Exchange April 9, 2014.

The Kids Are Mostly Cash (And Mostly Wrong)

Younger investors may have drawn the right conclusion about the great financial crisis - that they were scammed - but their defensive reaction will simply add self-inflicted wounds to existing injuries.

A man waits in line to enter the UJA-Federation Connect to Care job fair in New York March 21, 2012.

Jobless Claims Near Seven-Year Low; Import Prices Above Forecasts

The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in almost seven years, which could bolster views of an acceleration in job growth after a cold winter dampened hiring.

The word 'password' is pictured on a computer screen in this picture illustration taken in Berlin May 21, 2013.

New 'Heartbleed' Bug Poses Major Threat to User Data

A newly discovered bug in widely used Web encryption technology has made data on many of the world's major websites vulnerable to theft by hackers in what experts say is one of the most serious security flaws uncovered in recent years.

Traders work on the floor of the New York Stock Exchange April 7, 2014.

U.S. Stock Market May Have Stumbled, But Signals Still Say 'Go'

The last six weeks have been rough for investors who jumped into 2013's big stock market winners like Netflix and Facebook, only to see their share prices crater.

JPMorgan Chase Chairman and CEO Jamie Dimon speaks during a discussion on ''Closing the Workforce Skills Gap'' at the Aspen Institute in Washington December 12, 2013.

JPMorgan's Dimon Says U.S. Banks Healthy, Europe Lagging

European banks are still lagging behind the U.S. banking industry, which has almost completely recovered from the global financial crisis, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N), told French newspaper Le Figaro.

A Toyota RAV4 is displayed at Boch Toyota in Norwood, Massachusetts in this January 27, 2010 file photo.

Toyota to Recall Nearly 6.5 Million Vehicles for Steering, Other Faults

Toyota Motor Corp, in its second-largest recall announcement, said on Wednesday that it would call back 6.39 million vehicles globally after uncovering five different faults involving parts ranging from steering to seats.

The new Samsung Galaxy S5 smartphone (L), Gear 2 smartwatch (C) and Gear Fit fitness band are displayed at the Mobile World Congress in Barcelona February 23, 2014.

In Smartphone Mass-Market, Samsung, Apple Have Margins on Their Minds

As the smartphone action shifts to the mass market, leaders Samsung Electronics Co Ltd and Apple Inc are under pressure to make their high-end phones more affordable to revive sales. And that may spell trouble for already-softening margins.

An Amazon Fresh delivery van moves down Pico Bloulevard in Los Angeles, California, June 14, 2013.

Amazon Launches Amazon Dash for Delivery of Groceries, Household Items

Amazon.com Inc launched a new product named Amazon Dash on Friday that allows the user to add groceries and household goods to their shopping lists using the company's AmazonFresh service.

A National Security Agency (NSA) data gathering facility is seen in Bluffdale, about 25 miles (40 kms) south of Salt Lake City, Utah, December 17, 2013.

Obama's NSA Overhaul may Require Phone Carriers to Store More Data

President Barack Obama's plan for overhauling the National Security Agency's phone surveillance program could force carriers to collect and store customer data that they are not now legally obliged to keep, according to U.S. officials.

The exterior of the U.S. Supreme Court is seen in Washington March 5, 2014.

U.S. Top Court Declines to Hear Iowa Campaign Finance Challenge

Ducking a new case on the divisive issue of campaign finance, the U.S. Supreme Court on Monday rejected a challenge to an Iowa law that bans corporate contributions in state elections.

Job seekers stand in line to meet with prospective employers at a career fair in New York City, October 24, 2012.

U.S. Jobs Market Shakes off Winter's Icy Grip

U.S. employers hired at a brisk pace last month and ramped up the hours their workers put in on the job, the strongest signals yet the economy was breaking free of its winter doldrums.

A staff member sits in a currency exchange office in Kiev February 7, 2014.

Dollar Dips after U.S. Data Shows Jobs Growth

The dollar backed away from early gains and declined against other major currencies on Friday even though U.S. data showed solid jobs gains for a second straight month.

People gather outside a McDonald's restaurant, which was earlier closed for clients, in the Crimean city of Simferopol April 4, 2014.

McDonald's Quits Crimea as Fears of Trade Clash Grow

McDonald's announced on Friday it had closed its restaurants in Crimea, prompting fears of a backlash as a prominent Moscow politician called for all the U.S. fast food chain's outlets in Russia to be shut.

Outgoing Mozilla chief executive Brendan Eich in a photo courtesy of the company.

Mozilla CEO Resigns, Opposition to Gay Marriage Drew Fire

Mozilla Chief Executive Brendan Eich has stepped down, the company said on Thursday, after an online dating service urged a boycott of the company's web browser because of a donation Eich made to opponents of gay marriage.

U.S. Attorney General Eric Holder testifies about his FY2015 budget request at a Senate Appropriations Committee hearing on Capitol Hill in Washington April 3, 2014.

U.S. Probing High-speed Trading, Attorney General Says

The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday.

U.S. President Barack Obama addresses students at the University of Michigan in Ann Arbor, Michigan, April 2, 2014.

Worried About Senate, Obama Calls 2014 His Last Campaign

On a politically focused trip aimed at revving up his base and raising cash, President Barack Obama on Wednesday urged supporters to help Democrats keep control of the U.S. Senate and declared this year to be his last campaign.

British-born financier Nat Rothschild leaves after a Bumi shareholder meeting in London February 21, 2013.

How to Run or Ruin a Company in 140 Characters

When Nat Rothschild, the co-founder of troubled miner ARMS, insulted his former investment partner on Twitter last week, he showed the power of social media for business leaders seeking publicity - but also the perils of saying the wrong thing.

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