BOSTON U.S. Democratic presidential candidate Hillary Clinton plans to make job creation the focus of her campaign over the next month, beginning with a $275 billion infrastructure spending plan that will be released this week. Clinton’s plan to increase the f... More »
(This story corrects paragraph 3 to add terms for some non-U.S. employees) SAN FRANCISCO Less than a week after Facebook Chief Executive Mark Zuckerberg said he would take two months of paternity leave, the social media company announced it is extending its pa... More »
YANGON Hopes faded on Monday that any of 100 people still missing would be found alive two days after a landslide near a jade mine in northern Myanmar smashed into a makeshift settlement, burying mine workers as they slept. Rescue workers had recovered 104 bod... More »
BUENOS AIRES Conservative challenger Mauricio Macri turned Argentine politics on its head on Sunday, kicking the ruling Peronist movement out of power with a promise to liberalize the ailing economy and end a culture of divisive politics. Macri, the son of an ... More »
TOKYO Japan slipped into its fourth technical recession in five years between July and September – spotlighting how the government’s “Abenomics” policies have struggled to drag the economy out of chronic stagnation. Official data on Monday showed the world’s t... More »
NEW YORK For most of its 100-year history, when Boeing turned out more planes, employment soared and the Seattle-area economy prospered. When the rate of production fell, layoffs followed and the local economy crashed. The cycle was so predictable that Boeing ... More »
LONDON British pharmaceutical and biotechnology companies face a major skills shortage which threatens future investment and the long-term success of the life sciences sector, according to a new industry report. The Association of the British Pharmaceutical In... More »
PARISGlobal trade flows have fallen dangerously close to levels usually associated with a global recession, although actions taken by China and others should ensure a pick-up in 2016, the OECD said in a report on Monday. The Paris-based Organisation for Econom... More »
TOKYOJapanese summer bonuses fell the most since the global financial crisis partly due to the effects of sampling, while monthly pay rose at a modest pace for a third straight month in September, underlining concerns about tepid wages and private consumption.... More »
LONDONEuro zone private business growth remained tepid last month but activity in China’s services industry expanded at its fastest pace in three months, easing concerns about persistent weakness in its economy, surveys showed on Wednesday. There was little si... More »
BEIJING China’s factory activity fell for an eighth straight month in October but at a slower pace as export orders flickered into life, a private survey showed on Monday, pointing to continued sluggishness in the world’s second-largest economy. The Caixin/Mar... More »
Wireless carrier Sprint Corp S.N. said on Sunday it aims to slash fiscal 2016 expenses by as much as $2.5 billion, through layoffs and a wide array of cost controls, as an essential part of its ongoing turnaround efforts. “We are leaving no stone unturned and ... More »
SAN FRANCISCO A driver for Google’s same day delivery service filed a proposed class action lawsuit against the company on Friday, alleging it improperly classified her as an independent contractor and owes expenses. The case, filed in a Massachusetts state co... More »
TOKYO The Bank of Japan need not boost its massive monetary stimulus this week as the labor market remains tight, a key economic adviser to Prime Minister Shinzo Abe said on Monday. Koichi Hamada, an emeritus professor of economics at Yale University, also tol... More »
DETROIT Negotiators for the United Auto Workers and General Motors Co reached a tentative agreement on undisclosed terms for a new four-year labor contract, averting a threatened strike, the union said late on Sunday night. The proposed deal will now go to a c... More »
SAN FRANCISCO Twitter (TWTR.N) Chief Executive Jack Dorsey’s novel move to give a third of his company stock to an employee equity pool is a smart gesture to restore confidence in a company that lost its way, according to recruiting and compensation experts. B... More »
NEW YORK U.S. presidential hopeful Hillary Clinton on Friday won a major union endorsement, further boosting her front-runner status in the race for the Democratic nomination in the November 2016 election. The 1.6-million-member AFSCME’s endorsement represents... More »
Big fish Chinese gamblers afraid of a corruption crackdown and poorly paid Walmart workers in the United States might seem to have little in common. But in the global economy, they are in some ways two sides of the same coin, and to understand that is to under... More »
TORONTO Bank of Nova Scotia said on Friday it is creating a digital hub in downtown Toronto to help lure technology talent and drive innovation for Canada’s third-biggest lender. The “digital factory” will have more than 350 employees, including existing staff... More »
NEW YORK Wall Street bankers and traders are likely to get smaller bonuses for 2015 as trading revenue plunges. Goldman Sachs said on Thursday that it set aside 16 percent less money for compensation in the third quarter compared with the same period in 2014. ... More »
The U.S. administration hopes to release the full text of a Pacific trade deal within the next 30 days, U.S. Trade Representative Michael Froman said in an interview with CNN. The United States sealed the Trans-Pacific Partnership (TPP) with 11 trading partner... More »
The U.S. Supreme Court’s June decision to legalize same-sex marriage did not eliminate the unique financial planning needs of lesbian, gay, bisexual and transgender (LGBT) clients. For years, same-sex couples in domestic partnerships needed financial advisers ... More »
BOSTON Eric Rosengren still expects the Federal Reserve to raise interest rates this year despite what the head of the Boston Fed called a “weak” September jobs report, which could signal a more significant economic slowdown that delays the policy tightening. ... More »
ATLANTA A dozen Pacific nations closed in on a sweeping free-trade pact on Sunday in Atlanta but failed to finalize terms on the fifth day of round-the-clock talks, dashing hopes raised by an earlier breakthrough on protections for new biotech drugs. U.S. offi... More »
TOKYO, Oct 5 – Japan’s services sector expanded in September at a much slower pace compared with the previous month as new business slackened in a sign that domestic demand ended the third quarter on a soft note. The Markit/Nikkei Japan Services Purchasing Man... More »
ATHENS Greece will unveil a painful 2016 draft budget on Monday meant to satisfy international creditors, projecting the economy will stay in recession next year before returning to growth in 2017, in line with the estimates by the country’s lenders. After sev... More »
An investigation by the British Broadcasting Corporation (BBC) has revealed that more than 80 calls were made to ambulances by Sports Direct employees at its headquarters in Derbyshire for “life-threatening illnesses”. The figures, which came from a Freedom of... More »
Rolls-Royce Holdings PLC (RR.L) may announce a reduction of 400 management jobs in its marine division this week, the Financial Times reported, citing people familiar with the matter. Chief Executive Warren East’s aim with the marine restructuring will be to s... More »
WASHINGTON Jason Chaffetz, a rising star among congressional Republicans, on Sunday declared a bid to become speaker of the U.S. House of Representatives, complicating further an internal party struggle to replace John Boehner when he steps down. In a challeng... More »
WASHINGTON The nine justices of the U.S. Supreme Court are set to wade into contentious social matters in their new term beginning on Monday including affirmative action, union powers and voting rights, and could add major cases involving abortion and birth co... More »
U.S. Democratic presidential front-runner Hillary Clinton, who has been vying with challenger Bernie Sanders for the support of organized labor, scored a win on Saturday with an endorsement from the National Education Association, a huge teachers union. The NE... More »
The U.S. jobs data were a bust, China remains a threat, the Fed won’t hike until, well, don’t ask, and bad news is good news for the stock market once again. Stocks plunged and then rallied back to gains on Friday after payrolls data showed not just declining ... More »
Now that the U.S. Federal Reserve has held back again on interest rates, advisers are taking advantage of attractive financing options before that window begins to close. Mortgaging property when rates are low is well-known advice. But unprecedented transparen... More »
SAN JOSE, California Lights flashed and chants of “Modi, Modi” filled the 18,000-seat sports arena in San Jose, California, on Sunday as the Indian premier took the stage for the final event of his Silicon Valley tour, marked by sporadic protests over his huma... More »
WASHINGTON Republican lawmakers jockeyed for position on Sunday in the race to replace House of Representatives Speaker John Boehner as conservatives sought to exert influence over the election and push their party’s leadership further to the right. The House ... More »
HANOI Vietnam will trim its state-run media and publishing sector, with the loss of about 10,000 jobs and some widely circulated newspapers, as the ruling Communist Party tightens its control over the booming industry, a report said on Saturday. The number of ... More »
NEW YORK In its latest push to broaden its allure among millennials, Goldman Sachs Group Inc rolled out a series of quick-hit recruiting ads on Snapchat on Friday, becoming the first major Wall Street bank to turn to the instant-but-fleeting messaging app for ... More »
NEW YORK Mohamed El-Erian, the chief economic adviser at Allianz SE, said Thursday that the Federal Reserve’s decision to hold off on a rate hike reflects policymakers’ reluctance to add to international financial fragility. The Fed kept interest rates unchang... More »
BELFAST When IRA-linked gunmen turned their fire on one other this summer they triggered a political crisis in Northern Ireland’s fragile government of pro-British unionists and republicans working for a united Ireland. They also revealed an uncomfortable trut... More »
MOBILE, Ala, Airbus Group NV (AIR.PA) threw a party for its new U.S. workers ahead of the formal opening Monday of its first commercial jet factory in the United States, and representatives of the machinists union joined the crowd. The International Associatio... More »
NEW ORLEANS A last-minute action by the Louisiana Supreme Court saved New Orleans Mayor Mitch Landrieu from being placed under weekend house arrest over a decades-old dispute with local firefighters who are owed $75 million in back wages. The standoff arose fr... More »
BERLIN German Chancellor Angela Merkel said on Wednesday that the euro zone economy was in better shape than a year ago and said reform efforts by countries like Spain and Ireland had paid off. “If we look at the euro zone as a whole, we can say that there is ... More »
TOKYO Japanese Prime Minister Shinzo Abe looks set to win a rare second consecutive term but economists predict he won’t use that victory to push through bold reforms such as labor market changes that are considered vital for long-term growth. Instead, Abe, wh... More »
KABUL Plastic surgeon Abdul Ghafar Ghayur is practicing his own brand of welfare in Afghanistan, where access to healthcare is limited and many cannot afford private treatment. The money he makes from the hundreds of nose jobs and Botox injections he performs ... More »
Union activist Cliff Smith once thought of Bernie Sanders as an “obscure” U.S. senator. That changed in August when Smith joined 27,000 people to hear the Democratic White House candidate speak at a Los Angeles sports arena. “The other candidates – they talk i... More »
MARINETTE, Wis. Big investments, lean manufacturing techniques borrowed from the automotive industry, and a more engaged workforce have revamped the Wisconsin shipyard where Italy’s Fincantieri SpA builds the Freedom variant of the U.S. Navy’s coastal warships... More »
CERNOBBIO, Italy U.S. computer company Hewlett-Packard (HPQ.N) is considering increasing investments and hiring new workers in Italy after years of downsizing, because, it says, it has faith, for the first time in a while, that the country is on the mend. “The... More »
SAN FRANCISCO Ride services Lyft and Uber have poached dozens of key Twitter Inc (TWTR.N) employees over the past year, including top engineering managers, to help personalize their apps. Twitter’s management turmoil and 44 percent stock fall over the last 12 ... More »
As the fall wedding season begins, advisers should make sure they have a comprehensive plan to help clients who are getting married. Advisers need to look at the big picture, like if the couple’s retirement goals align, and the nitty gritty, such as insurance ... More »
NEW YORK Before they found fame, or found each other, what did celebrity couples like Dr Phil and Robin McGraw do in their first jobs? In the latest in Reuters’ monthly ‘First Jobs’ series, we talked to couples who work as TV personalities, actors, models or a... More »
LONDON Rebekah Brooks, the Rupert Murdoch protegee cleared last year of orchestrating a criminal campaign that damaged the British establishment, will return to her old job running the tycoon’s British newspapers next week in a stunning comeback. Brooks, who w... More »
LONDON China’s giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. Stocks on major markets tumbled along with com... More »
BERLIN German Finance Minister Wolfgang Schaeuble said on Tuesday that Spain’s economic development showed that the euro zone was tackling its crisis well. “Spain is the best example that we’ve done a lot of things quite right in Europe,” Schaeuble said at a b... More »
LONDON, Euro zone manufacturing growth eased last month, despite factories barely raising prices, adding to the European Central Bank’s woes as it battles to spur expansion and inflation, a survey showed. Tuesday’s disappointing readings come almost half a yea... More »
JACKSON HOLE, Wyo. Central bankers from around the world are telling their American counterparts that they are ready for a U.S. interest rate hike and would prefer that the Federal Reserve make the move without further ado. In private and in public at last wee... More »
ACCRA Ghana faced down the first major challenge to an IMF austerity program on Monday when doctors suspended a three-week strike but a bigger test of President John Mahama’s commitment will come next year as he fights for reelection. The International Monetar... More »
College and professional athletes may be clients financial advisers love to get, but many also find good homes on the other side of the desk. Penn Mutual Life Insurance Company, for example, is discovering that its three-year, $1.5 million sponsorship, through... More »
General Electric Co (GE.N) said on Monday it was cutting 262 more jobs at its Lufkin oil unit in Texas and closing a foundry as it grapples with the plunge in global oil prices. GE earlier this year said it planned to eliminate some 575 jobs from Lufkin, bring... More »
Financial news agency Bloomberg plans to cut about 100 jobs in its editorial division, the New York Post reported. The announcement could come as soon as Labor Day in early September, the Post said, citing sources. Many of the layoffs will affect political and... More »
ROME The museums that house masterpieces such as Michelangelo’s David and Botticelli’s Venus will soon be run by foreign directors for the first time as Italy overhauls what a senior official called its “sclerotic” museum management. Following an international... More »
DETROIT Ford Motor Co (F.N) on Wednesday will start building its medium-duty F-650 and F-750 commercial trucks at a Cleveland-area plant, moving production out of Mexico for the first time. The shift to the 41-year-old plant in Avon Lake, Ohio means that about... More »
(Corrects fifth paragraph to delete reference to President Barack Obama acting by executive order) By Jeff Mason and Valerie Volcovici WASHINGTON (Reuters) – President Barack Obama challenged America and the world to step up efforts to fight global warming on ... More »
LOS ANGELES Parent education loans can help your child attend the college of her dreams — and sink any dreams you had of ever retiring. The grim reality is that the federal PLUS loan program allows parents to borrow far more than they can comfortably, or even ... More »
LONDON/SYDNEY Economic headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while euro zone factories largely shrugged off Greece’s brush with bankruptcy. July was a fraught month for... More »
HONG KONG HSBC Holdings (HSBA.L) beat expectations with a 10 percent rise in first-half profit on Monday, driven by a strong performance in Hong Kong, and said it had agreed the sale of its unprofitable Brazilian unit. It said it had agreed to sell Banco Brade... More »
SYDNEY Headwinds for the world’s second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering fresh slides in global commodity prices. Similar busi... More »
LONDON/NEW YORK The global economy started the second half of the year on shaky ground with China’s factory sector activity contracting in July at the fastest pace in 15 months and euro zone manufacturing weaker than expected, although U.S. activity picked up.... More »
BERLIN German lawmakers gave their go-ahead on Friday for the euro zone to negotiate a third bailout for Greece, but a warning from Chancellor Angela Merkel that the alternative was chaos failed to prevent a hefty rebellion in her own party. The Bundestag, the... More »
BERLIN German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was chaos. The Bundestag lower house of parliament, whos... More »
WASHINGTON Democratic presidential candidate Hillary Clinton on Saturday scored a key endorsement from a large teachers union at a time when her chief rival is picking up support from organized labor. By backing Clinton, the American Federation of Teachers, wh... More »
WASHINGTON The chief of the U.S. federal hiring office resigned on Friday after massive computer hacks at the agency that put the personal data of more than 22 million Americans at risk, including people seeking sensitive security clearances. The White House s... More »
MEXICO CITY Mexico City could become the first city in the world to limit the number of Uber cars, according to draft regulation that the company said on Friday also threatens to wipe out its most popular service in the giant metropolis. Aside from the fleet l... More »
SAN FRANCISCO Reddit Chief Executive Ellen Pao on Monday issued an apology to users of the popular social news platform over the way the company handled the dismissal of a well-liked employee last week, a move that drew widespread outrage from users. The site’... More »
DENVER Republican 2016 presidential hopefuls Scott Walker and Rick Santorum are suggesting a potentially controversial way to boost Americans’ job prospects: admit fewer legal immigrants into the United States. The notion, absent from presidential politics for... More »
LONDON The British Broadcasting Corporation will cut more than 1,000 jobs to cover a 150-million-pound gap in license fee income next financial year as millions of viewers turn off their televisions and watch programs on tablets and mobile phones. The BBC, the... More »
FRANKFURT Talks to resolve a pay dispute at German airline Lufthansa (LHAG.DE) have made enough progress to lift the threat of any immediate work stoppages, flight attendants’ union UFO said early on Tuesday. Lufthansa had faced a June 30 deadline to make conc... More »
SEATTLE Microsoft Corp (MSFT.O) said on Monday it will hand over its display advertising business to AOL Inc and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations. The moves mean Microsoft... More »
WASHINGTON The fuse may be lit for a Greek exit from the euro zone but the fallout in the United States is expected to be modest and not enough to throw the Federal Reserve’s likely September rate hike off course, said former Fed officials and outside analysts... More »
Major technology companies like Google and BlackBerry provide mentoring services to companies within Communitech in Kitchener’s historic Tannery District in Kitchener, Ontario, March 18, 2014. REUTERS/Euan Rocha The troubles at BlackBerry Ltd, which fired more... More »
Major technology companies like Google and BlackBerry provide mentoring services to companies within Communitech in Kitchener’s historic Tannery District in Kitchener, Ontario, March 18, 2014. REUTERS/Euan Rocha The troubles at BlackBerry Ltd, which fired more... More »
