With more than 11 million Americans out of work, President Obama is pressing Congress for urgent action and said the U.S. is undergoing "a devastating…
President Barack Obama will assemble his senior economic advisers today, Wednesday 21, to discuss his economic stimulus plan. White House Spokesman Robert Gibbs said, "He'll…
For the third time since December, lawmakers have attempted to establish a desperate budget rescue plan. In Gov. Arnold Schwarzenegger's State of the State address…
Oregon's unemployment rate jumped last month from 8.0 percent to 9.0 percent, according to December numbers out today from the state employment department. However, the…
Bank of America is expected to cut several thousand jobs in its capital-markets division beginning this week, according to The Financial Times, which cites executives…
Today, IBM Corp. announced higher than expected earnings. Although, the strong dollar's impact kept overseas sales revenue below forecasts. The glimmer of good news came…
Participants at a conference this week will discuss the creation of a statewide New Mexico partnership promoting green jobs and the green economy. Leaders from…
TCC Media Holdings, the parent company of Clear Channel Communications, has announced it is eliminating 1,850 positions, or about 9% of its staff; this is…
Cerberus Capital Management LP, the private-equity firm whose holdings include Chrysler, may cut its workforce by 10% amid a freeze in leveraged buyouts. Cerberus hasn't…
Today Fiat and Chrysler released corporate statements confirming that over the longer term, in exchange for a 35% equity stake in Chrysler, Fiat will provide…