U.S. job openings hit record high as labor market tightens
WASHINGTON (Reuters) – U.S. job openings surged to a record high in July and employers appeared to have trouble filling openings, the latest signal of an increasingly tight labor market that could push the Federal Reserve closer to raising interest rat…
Con Edison to pay $3.8 million to settle sexual harassment claims
(Reuters) – Consolidated Edison of New York Inc will pay up to $3.8 million to end a government investigation into claims that it failed to stop frequent sexual harassment and discrimination against female employees, the New York Attorney General’s off…
Lockheed to cut about 500 jobs in IT services unit
(Reuters) – Lockheed Martin Corp, the maker of F-35 fighter jets, said it would cut about 500 jobs in its IT services unit by mid-November.
Union urges UPS pilots to vote on authorizing strike
(Reuters) – The union representing pilots at package delivery company United Parcel Service Inc said it had urged them to vote to authorize a strike.
CFTC probes JPMorgan for alleged client steering: WSJ
(Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) is investigating whether JPMorgan Chase & Co is steering its private-banking clients to its own hedge-fund investment products without proper disclosures, the Wall Street Journal reported, citing people close to the probe.
Chinese premier seeks to quell global markets’ China fears
DALIAN, China/SHANGHAI (Reuters) – China has fended off the major risks to its financial system while its economic prospects remain positive, Premier Li Keqiang said on Wednesday, as he tried to reassure global markets that Beijing can keep its economy…
China Premier says economic prospects positive, to maintain policy direction
DALIAN, China (Reuters) – The prospects for China’s economy were positive even though the world’s second largest economy continued to experience downward pressure, Chinese Premier Li Keqiang said on Wednesday.
Global stocks rally as investors scent fresh stimulus
LONDON (Reuters) – Global shares rose on Wednesday, led by an 8 percent surge in Japanese stocks, helping lift the dollar as the prospect of more stimulus from China soothed investors rattled by recent market turmoil.
Merkel says reform efforts of euro zone countries have paid off
BERLIN (Reuters) – German Chancellor Angela Merkel said on Wednesday that the euro zone economy was in better shape than a year ago and said reform efforts by countries like Spain and Ireland had paid off.
China state planner chairman says economy fundamentally healthy
(Reuters) – China’s economic fundamentals are healthy, the head of the country’s top economic planner said on Wednesday.
