When DailyFinance first met Candido Gonzalez last December for our “New Homeless” report, the New Yorker had been laid off for two years from his job of 19 years — and living at the Bowery Mission. Today, the father of two fin…
The minutes of the FOMC’s September meeting show more quantitative easing may be needed “before long,” but the bankers delayed any moves while waiting for more data.
Continue reading An Anxious Fed Decided to G…
Sanofi-Aventis (SNY) said Friday it plans to lay off 1,700 workers at its U.S. pharmaceutical operations, which amounts to about 25% of its U.S. workforce. The cutbacks are part of an ongoing restructuring to streamline its business amid a “challenging…
The economy lost 95,000 jobs in September, because the private sector hired only 64,000 workers while governments cut 159,000. The jobless rate remains 9.6%. Minus the usual boosts from housing and consumers, the U.S. still lac…
Retailer Kohl’s said on Wednesday that it plans to hire 40,000 temporary workers during this year’s holiday season at stores, distribution centers and credit operations nationwide — 7,000 more than last year. The shopping sea…