May 2, 2013 There were 324,000 first-time claims for unemployment insurance last week, down 18,000 from the previous week's 342,000. Numbers on April's unemployment rate and job growth are due to be released Friday.
May 2, 2013 Stephen Schwarzman, co-founder of Blackstone Group, is launching a $300 million scholarship program in Beijing. He says his goal is to help to improve the understanding of China and ease Western fears about its growing economic power. "There'll be complete freedom of expression [and] discussion," he says.
May 1, 2013 After deadly disasters in clothing factories, labor activists are trying to persuade at least two more retailers to agree to improve working conditions in Bangladesh. Two retail giants have already signed onto a proposal that would mandate that fire and safety inspections be made public and require retailers to pay for needed factory repairs.
May 1, 2013 The Congressional Budget Office projects the deficit will drop below 4 percent of GDP next year and below 2.5 percent in 2015. Still, despite the improvement in the short run, the federal government faces long-term deficits, mostly tied to health care costs.
May 1, 2013 As urban chicken farms grow in popularity, many people are bringing the birds into their homes. They need the right equipment to keep them clean. So several businesses have popped up online, offering everything from custom-sized diapers and leash-ready saddles to chicken caviar.
May 1, 2013 Federal spending cuts and tax increases have started to bite, according to the latest ADP National Employment Report. On Friday, the Bureau of Labor Statistics will weigh in with its figures on unemployment and job growth in April.
May 1, 2013 One way Western brands have responded to consumer concerns about unsafe working conditions in foreign countries is to create an elaborate system of independent auditors. Despite that, incidents still happen. Last week a building collapse in Bangladesh killed more than 400 people.