Stagnant Wages Leaves Central Banks Fretting Over Fate Of Workers

After injecting trillions of dollars into the global financial system over the last six years, the world's central bankers now face a vexing question: why is so little of it showing up in workers' paychecks?

Stagnant wages leaves central banks fretting over fate of workers

General Motors May Put Brazil Workers On Paid Leave: Union

General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said on Thursday, amid falling output in Latin America's largest economy.

 General Motors may put Brazil workers on paid leave: union

Bombardier To Cut 1,800 Jobs, Aerospace Head Retires

Struggling with long delays in its CSeries jetliner, aircraft maker Bombardier Inc on Wednesday announced it will reorganize its business structure and cut 1,800 jobs, and it said the head of its aerospace division would retire.

Bombardier to cut 1,800 jobs, aerospace head retires



Jobs & Career News

More Than Half Of Consumers Globally Upbeat On Job Prospects: Nielsen

More than half of consumers globally upbeat on job prospects: Nielsen

More than half of consumers globally expect job prospects to be good to excellent in the year ahead, a survey showed on Tuesday.

Obama, Biden Highlight Job-Training In Middle-Class Push

 Obama, Biden highlight job-training in middle-class push

President Barack Obama and Vice President Joe Biden will put a spotlight on job-training programs on Tuesday as part of a White House push to boost economic opportunities for middle-class Americans, an important voting group in November elections.

Argentina Asks U.S. Judge To Put Debt Payment Order On Hold

Argentina asks U.S. judge to put debt payment order on hold

Argentina asked a U.S. judge on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructurings following the country's 2002 default, while it seeks a "global resolution."

Sotheby's To Cut Jobs To Cut Costs

 Sotheby's to cut jobs to cut costs

Sotheby's said it would cut an unspecified number of jobs to cut cost, months after ending a long-running battle with billionaire investor Daniel Loeb by appointing him to its board.

NABE Survey Points To Rising U.S. Wage Pressures

NABE survey points to rising U.S. wage pressures

The share of U.S. companies raising wages more than doubled in the three months to July from a year ago, a survey showed on Monday, suggesting a faster pace of wage growth.

Production Halted At Samsung China Supplier Amid Child Labor Probe

Production halted at Samsung China supplier amid child labor probe

Production has been indefinitely halted at a Chinese supplier to Samsung Electronics Co Ltd (005930.KS) after the factory was suspected of using child workers.

Microsoft To Cut 18,000 Jobs This Year As It Chops Nokia

Microsoft to cut 18,000 jobs this year as it chops Nokia

Microsoft Chief Executive Officer Satya Nadella kicked off one of the largest layoffs in tech history on Thursday, hoping to reshape the aging PC industry titan into a nimbler rival to Apple and Google, and jolt a culture at the company that is used to protecting its existing Windows and Office franchises.

JPMorgan's CEO Gets $36 Million Of Options Delayed Due To London Whale Loss

JPMorgan's CEO gets $36 million of options delayed due to London Whale loss

JPMorgan Chase & Co said on Thursday that its board of directors allowed $36 million of options previously awarded to Chairman and Chief Executive Officer Jamie Dimon to vest.

White House Sees Labor Force Dropouts Getting Back Into The Game

White House sees labor force dropouts getting back into the game

The White House said on Thursday it expects America's strengthening economy will temporarily halt the troubling decline in the share of workers who have jobs or are looking for one.

Militia Shells Tripoli Airport, U.N. Pulls Staff Out Of Libya

Militia shells Tripoli airport, U.N. pulls staff out of Libya

A militia shelled Tripoli airport, destroying 90 percent of planes parked there, a Libyan government spokesman said, as heavy fighting between armed groups prompted the United Nations to pull its staff out of the North African country.

U.S. judge won't void five ex-Madoff employees' convictions

U.S. Judge Won't Void Five Ex-Madoff Employees' Convictions

The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.

Global stocks edge up, U.S. bonds slip on jobless data, earnings

Global Stocks Edge Up, U.S. Bonds Slip On Jobless Data, Earnings

Global stock markets inched higher while U.S. debt prices fell on Thursday following unexpectedly low U.S. weekly jobless claims and stronger-than-expected U.S. earnings from companies including Facebook.

Credit Suisse posts big loss after U.S. tax settlement

Credit Suisse Posts Big Loss After U.S. Tax Settlement

Credit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc ($1.78 billion) settlement with U.S. authorities over helping its clients evade taxes.

Wall St. finishes slightly lower; Chipotle rises late

Wall St. Finishes Slightly Lower; Chipotle Rises Late

U.S. stocks slipped on Monday as investors remained cautious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained.

Halliburton gets boost from rebound in North America drilling

Halliburton Profit Up 20 Percent On Higher U.S. Drilling Activity

Halliburton Co (HAL.N), the world's No. 2 oilfield services provider, reported a 20 percent rise in quarterly profit as drilling activity increased in the United States and the Gulf of Mexico.

Wal-Mart adds $102.9 million in Indian wholesale business in June

Wal-Mart Adds $102.9 Million In Indian Wholesale Business In June

Wal-Mart Stores Inc (WMT.N) has infused fresh funds worth 6.2 billion rupees ($102.9 million) into its Indian wholesale business in June, according to a filing made by its Indian unit to the Registrar of Companies.

HP appoints CEO Whitman chairman, expands board

HP Appoints CEO Whitman Chairman, Expands Board

Hewlett-Packard Co appointed Chief Executive Officer Meg Whitman its chairman on Thursday and enlisted Alcoa CEO Klaus Kleinfeld as an independent director, adding a 12th member to its board.

 U.S. drugmaker AbbVie finally wins Dublin's Shire with $55 billion deal

U.S. Drugmaker AbbVie Finally Wins Dublin's Shire With $55 Billion Deal

U.S. drugmaker AbbVie (ABBV.N) bought Dublin-based Shire (SHP.L) on Friday in a 32 billion-pound ($54.7 billion) deal that will allow it to slash its tax bill by relocating to Britain.

Citigroup to pay $7 billion to settle U.S. mortgage probe

Citigroup To Pay $7 Billion To Settle U.S. Mortgage Probe

Citigroup Inc has agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis, in a deal that includes the largest civil fraud penalty ever levied by the U.S. Justice Department.

U.S. signs agreement for $11 billion arms sale to Qatar

U.S. Signs Agreement For $11 Billion Arms Sale To Qatar

The United States signed an agreement with Qatar on Monday to sell the Gulf Arab ally Apache attack helicopters and Patriot and Javelin air-defense systems valued at $11 billion.

 U.S., Iran say disputes remain in nuclear talks as deadline looms

U.S., Iran Say Disputes Remain In Nuclear Talks As Deadline Looms

U.S. Secretary of State John Kerry said on Sunday major differences persist between Iran and six world powers negotiating on Tehran's nuclear program, with a week to go before a deadline for a deal.

 Whiting to buy Kodiak for $3.8 billion, create No. 1 Bakken producer

Whiting To Buy Kodiak For $3.8 Billion, Create No. 1 Bakken Producer

Whiting Petroleum Corp (WLL.N) said on Sunday it would acquire Kodiak Oil & Gas Corp (KOG.N) for $3.8 billion in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc (CLR.N).

China looking into Bank of China money laundering allegations: Xinhua

China Looking Into Bank Of China Money Laundering Allegations: Xinhua

China's central bank is looking into allegations by a state broadcaster that Bank of China, the country's fourth largest lender, has been laundering money offshore for clients, the official Xinhua news agency said on Friday.

Gaza healthcare services on brink of collapse -WHO

Gaza Healthcare Services On Brink Of Collapse -WHO

Health services in the occupied Palestinian territory are on the brink of collapse amid severe shortages in medicines and fuel for hospital generators, as the Gaza conflict with Israel deepens, the World Health Organization warned on Thursday.

 BNP pleads guilty again in $9 billion U.S. sanctions accord

BNP Pleads Guilty Again In $9 Billion U.S. Sanctions Accord

BNP Paribas, for the second time in nine days, pleaded guilty on Wednesday to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which the French bank admitted to breaking embargoes against Sudan, Cuba and Iran.

China says investment talks with U.S. facing difficulties

China Says Investment Talks With U.S. Facing Difficulties

Negotiations between China and the United States on a bilateral investment treaty are facing big difficulties, Chinese Vice Finance Minister Zhu Guangyao said on Thursday.

U.S., China ink coal, clean energy deals but climate differences remain

U.S., China ink Coal, Clean Energy Deals But Climate Differences Remain

The United States and China on Tuesday signed eight partnership pacts to cut greenhouse gases that will bring the world's two biggest carbon emitters closer together on climate policy, but fundamental differences between the two sides remain.

China's Fin Min defends country's FX intervention

China's Fin Min Defends Country's FX Intervention

China's finance minister on Wednesday defended the country's currency interventions, saying it was difficult to take a hands-off approach when it came to the yuan, given an unsteady economy and abnormal capital inflows.

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