General Motors announced plans to invest $1.2 billion in new equipment and expansions at five Midwest factories. GM's investment, mostly in three Michigan plants, will retain or add about 1,000 jobs. The expansion plans were announced Monday, the same day a new study was released, compiled by the Center for Automotive Research in Ann Arbor, that estimated the rescue of GM and Chrysler saved 2.6 million jobs in 2009 and 1.5 million in 2010.
In America these days, if you are watching too much news, you're not getting the truth about the economy as much as political messaging and strategy. The truth is that the U.S. still has the strongest economy on the planet. America's performance should be measured against the current competition, not against the records it set in the 1990s or 2000s.
Friday's non-farm payrolls report overshadowed some relatively good news in other key U.S. employment metrics. Many indicators have been pointing to stronger labor markets than the big figure highlighted Friday (80,000 jobs gained for June). And a few new data points confirm this thinking.
The U.S. Occupational Safety and Health Administration (OSHA) has a long history of being attacked for being bad for business and stifling job creation. But the Harvard Business Review says OSHA workplace inspections protect workers without overburdening employers or reducing their sales.
Facebook founder Mark Zuckerburg is the ultimate success story, and he is a generous guy. This is typical of the latest generation of wealthy entrepreneurs. Young donors are more interested in creating partnerships and being actively involved in their giving, unlike older philanthropists, who simply wrote checks every year.
Tyson's Food, one of the largest food production companies in the US, has donated one million pounds of boneless chicken to 37 food banks across the country. Each food bank will receive approximately 29,000 pounds of high quality protein, enough to serve 116,000 meals in each community.
It started with an impassioned letter from a Parkland, Fla., teenager to Nike Chief Executive Mark Parker. It ended with a dream come true.
In what might be the sweetest resignation story ever told, Chris Holmes, 31, quit his secure airport job in England by handing in a cake printed with a message saying, he was quitting.
While the Club Monaco brand was born in Canada in 1985, it changed nationalities when the Ralph Lauren group acquired it in 1999 and is now offering a Made in the U.S.A. line. The collection is sewn by artisan hands up and down the Eastern seaboard and includes a line of casual shirts, jackets, ties and trousers, all manufactured in different workshops in the United States.
22 of the largest and best-managed firms in the U.S. formed the American Business Collaboration for Quality Dependent Care, to invest money into lifting the quality and availability of child care and elder care programs.
In a win for consumers long overdue, cellphone companies are pledging to warn subscribers before they go over their monthly limits for calling minutes, text messages and data use. The Wireless Association said they're also promising to warn subscribers if they're paying roaming fees when they travel abroad.
A rise in orders for long-lasting goods like cars and aircraft in July eased fears that the U.S. was headed for another recession and sent US stocks up for a third straight day.
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