Switzerland’s giant UBS bank is paying $1.5 billion in fines to international regulators after admitting its fraudulent role in rigging a key global interest rate for loans. UBS agreed Wednesday to pay the fines to U.S., British and Swiss authorities, along with pleading guilty to a fraud charge in the United States. Last June, American […]
Swiss Bank UBS Fined $1.5 Billion for Interest Rate Manipulation
Posted December 19th, 2012 at 12:15 pm (UTC-5)
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US Jobless Rate High, but Election Effect Uncertain
Posted August 3rd, 2012 at 8:50 am (UTC-5)
The U.S. unemployment rate has now been above the unusually high level of 8 percent since the first full month of President Barack Obama’s White House tenure. But whether that imperils his bid for re-election is far from clear. In an oft-cited U.S. political fact, no incumbent president has won re-election since World War Two […]
Jobless Report for July to be Released Friday
Posted August 3rd, 2012 at 7:00 am (UTC-5)
Economists expect the U.S. Labor Department’s hiring and unemployment report will show employers added just 100,000 jobs in July. Friday’s report is also expected show the unemployment rate holding steady at 8.2 percent for a third straight month. Hiring has dropped sharply since the start of the year, from an average of well over 200,000 […]
US Jobless Rate Rises Slightly; Job Creation Weaker Than Expected
Posted June 1st, 2012 at 6:15 pm (UTC-5)
The U.S. unemployment rate increased slightly during May, rising by one-tenth of a percentage point to 8.2 percent. Friday’s report from the Labor Department said the U.S. economy had a net gain of just 69,000 jobs during the month – the smallest in a year. Government data says 12.7 million Americans are unemployed, with four […]
US Jobless Rate Rises Slightly; Job Creation Weaker Than Expected
Posted June 1st, 2012 at 2:30 pm (UTC-5)
The U.S. unemployment rate increased slightly during May, rising by one-tenth of a percentage point to 8.2 percent. Friday’s report from the Labor Department said the U.S. economy had a net gain of just 69,000 jobs during the month – the smallest in a year. Government data says 12.7 million Americans are unemployed, with four […]
US Jobless Rate Rises Slightly; Job Creation Weaker Than Expected
Posted June 1st, 2012 at 11:25 am (UTC-5)
The U.S. unemployment rate increased slightly during May, rising by one-tenth of a percentage point to 8.2 percent. Friday’s report from the Labor Department said the U.S. economy had a net gain of just 69,000 jobs during the month – the smallest in a year. Government data says 12.7 million Americans are unemployed, with four […]
US Jobless Rate Rises Slightly; Job Creation Weaker Than Expected
Posted June 1st, 2012 at 9:00 am (UTC-5)
The U.S. unemployment rate increased slightly (by one-tenth of a percentage point) to 8.2 percent in May. Friday’s report from the Labor Department also shows that the U.S. economy had a net gain of just 69,000 jobs, which is much less than most economists had predicted. Economists say job gains are needed to give consumers […]
US Job Growth Expected to Improve for May
Posted June 1st, 2012 at 8:15 am (UTC-5)
Economists expect to learn the U.S. economy added at least 150,000 new jobs in May when the government releases its monthly unemployment report Friday . The expected 150,000 mark would be an improvement over the 115,000 jobs added in April, bringing the average non-farm employment growth closer to the 176,000 a month average posted in […]
Economists Predict More U.S. Jobs Gains in February
Posted March 9th, 2012 at 7:05 am (UTC-5)
Economists are eagerly awaiting Friday’s release of the U.S. government’s unemployment report for February . They are predicting that the economy added about 210,000 jobs last month, keeping the unemployment rate unchanged at 8.3 percent posted from January, when the economy created 243,000 jobs. It would mark the third straight month the economy has added […]
US Birth Rate Drops Again, Especially for Young Mothers
Posted November 17th, 2011 at 4:45 pm (UTC-5)
The U.S. says its birth rate has dropped for the third straight year, with the birth rate for the nation’s youngest mothers reaching an all-time low. U.S. health officials said Thursday that just over four million babies were born in the country in 2010, down from the all-time high of more than 4.3 million in […]
