A sharp drop in gasoline prices led to decline in consumer prices last month. It kept the inflation mild according to the Labor Department Friday. Gas prices dropped 7.4 percent, which is the biggest drop in almost four years. It offset... More of this article »
Employees at Walmart this week started to walk off the job in advance of next week’s Black Friday, when three groups backed by unions expect thousands to protest nationwide.
During October, a strike took place in Los Angeles at a... More of this article »
Officials in eastern China have stopped the construction at a petrochemical complex after it was met by protests by residents who claimed that it would pollute the region. Municipal officials in Ningbo city said that the planned expansion... More of this article »
Ford motor announced another round of job cuts in Europe as well as plant closures Thursday as a way to stop regional losses that the auto manufacturer expects to be above $3 billion in the next two years. The company told British... More of this article »
Wal-Mart Stores Inc. is facing a lawsuit that claims that the world’s biggest retailer and its staffing agencies broke federal minimum wage and overtime laws when it required temporary workers to appear early for work, stay late... More of this article »
Chip manufacturer AMD announced that it would slash 15 percent of its workforce due to the declining PC sales that resulted in the reduction of its revenues. The company said that the cuts were necessary and expected to be completed... More of this article »
Coca-Cola released its third quarter earnings report and it said that its revenue was below the expectations made by Wall Street. It was the result of the declines in Europe and Asia, where it sold more lower-priced drinks due to economic... More of this article »
The 405 Freeway in western Los Angeles is set to be closed this weekend but it was met with little worries from workers and businesses in the area. They said that it wouldn’t be a problem as people will find a way to get around it.
Last... More of this article »
It looks like the housing market is improving according to the latest report from the Commerce Department. New home sales reached their highest level in two years last August as prices soared to record level in more than five years.
The... More of this article »
Navistar announced that it might have to close some of its plants in order to cut costs. A company spokesperson said that Navistar is currently analyzing its manufacturing footprint. The move came after the company got a new CEO, Lewis... More of this article »