Employers around the world are more optimistic about business growth and think more money will be spent on talent development this year. That's according to a Right Management survey of more than 2,000 senior human resource executives in 14 countries. In the US, the number of job openings spiked again in March.
Loans to businesses have risen to a record high and bank executives say they are increasingly optimistic about the U.S. economy. Increasing demand for bank loans often is a prelude to higher economic growth
The Dow Jones industrials index climbed to its highest level in nearly 5 years on Friday, after a surprise drop in the unemployment rate pointed to continued improvement in the labor market. The S&P 500 rose for a fifth straight day and was also on course to close near a 5-year high.
The controversial government bailout of the huge global insurer, AIG, during the worst days of the financial crisis in 2008, will yield billions of profit for the US treasury and taxpayer. The treasury department announced Tuesday that it will sell 234 million shares in American International Group (AIG), bringing the estimated profit on the original AIG TARP assistance to $22.7 billion.
70-year old Thessaloniki mayor Yannis Boutaris stands apart from the political mainstream, pulling off reforms that have so far evaded the national government in its three-year-old debt crisis. In contrast to the rest of Greece, this sea-front city of one million is shrinking debt, cutting business taxes to help firms and paying city employees and contractors on time.
The Justice Department announced today that Bank of America will pay a record $16.65 billion fine to settle allegations that it knowingly sold toxic mortgages to investors. $7 billion of it will go to consumers faced with financial hardship.
General Motors says it will spend $47 million at a factory in Defiance, Ohio, so it can build more parts that go into the company's small four-cylinder engine and its Chevrolet Volt electric car. Additionally, GM will invest $20 million in machinery and equipment at its assembly plant in Kansas City, Kansas, part of a plan to invest $2 billion in 17 U.S. plants.
Manufacturing grew in April at the strongest rate in 10 months, easing concerns the economy had lost momentum at the start of the second quarter.
With the sluggish British economy, it's never been more difficult for young people to get a job. In fact for many graduates and teens, finding their way into employment can often feel like an impossible challenge rather than a right of passage. Despite research that suggests a 21% unemployment rate for this age group, there are still many ambitious young people who are creatively making their way in the world. Their persistence, initiative and success in times of such economic difficultly are doubly inspiring. Here are some of the top young entrepreneurs to look out for this year and the dynamic, forward thinking companies that have seen them make their fortune.
A raft of data Thursday show layoffs are trending down to a six-month low and factories in the Mid-Atlantic are growing again, raising hopes that it can end the year on an upward slope. Retail sales gains in Britain, meanwhile, surprised economists there.
U.S. factories revved up production, hired more workers and received a surge of new orders in July, helping them expand at the fastest pace in two years. Meanwhile, British manufacturing grew in July at its fastest rate in well over two years.
British manufacturing grew much more strongly than expected in June, suggesting the country's recovery is broadening. Car sales also rose and house prices continued to climb.
Britain's economy has reached a record high – surpassing its peak before the financial crisis struck six years ago, according to official figures the Office for National Statistics released Friday.
If your company was listed in Fortune's 100 Best Companies to Work For in America, you had equity returns that were 3.5% per year higher than those of your peers. A new study reveals that employee satisfaction correlates positively with shareholder returns, says Alex Edmans of the Wharton School.
Consumer Reports unveiled its third annual Naughty & Nice List featuring companies whose policies attracted either nasty stares or gleeful praise. The companies were picked based on specific practices that the magazine's editors and subscribers found particularly worthy of either a thumbs up or thumbs down.
Apple CEO Tim Cook said Tuesday the company will build Macs in Texas using some parts made in Illinois and Florida. Cook said the factory will open later this year.
Home prices surged during the first quarter at their fastest pace in nearly seven years, the latest sign of a sustained economic recovery. Consumer confidence also helped push stocks to a new high on Tuesday.
Canada's economy created a surprising 95,000 jobs in May, the biggest monthly gain in 11 years, and most were full-time positions and in the private sector, Statistics Canada said on Friday in a report showing the economy may be gaining momentum.
The U.S. economy added a better-than-expected 204,000 jobs in October despite a federal government shutdown that was expected to limit payroll growth. Despite the gains, the unemployment rate edged up to 7.3% from 7.2%.
Increased demand boosted global manufacturing activity last month as U.S. factories expanded at their fastest pace in 2-1/2 years and Chinese output suggested improvement in the world's second largest economy. The 17-country euro zone's manufacturing sector also showed improvement in November, as did Britain's.
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