Mass layoffs hit 16-month low in November
The number of mass layoffs actions by U.S. employers fell in November to the their lowest level in 16 months, government data showed on Tuesday, offering more evidence of labor market stability. Read Full Article here.
Boeing tightens grip on Dreamliner assembly
Boeing has gained complete control of critical Dreamliner 787 assembler Global Aeronautica, LLC as it looks forward to boosting manufacturing productivity of its much-delayed new plane. Read Full Article here.
Obama says small bankers 'constrained' by red tape
President Barack Obama met with small and community bank CEOs on Tuesday and said he is looking for ways to help reduce their regulatory burdens. Read Full Article here.
Court orders Microsoft to stop selling Word next month
Microsoft Corp., the world's biggest software maker, has been ordered by a federal court to alter its popular Word software or stop selling the product after it lost its appeal of a $200 million patent-infringement verdict won by a Canadian company. Read Full Article here.
Risk-based pricing credit rules finalized, take effect 2011
A consumer credit rule for creditors based in a law passed in 2003 will get its first required implementation in 2011. Read Full Article here.
U.K. competition watchdog changes view, OK's Ticketmaster, Live Nation merger
The U.K.'s competition regulator reversed its initial findings on the merger of Ticketmaster and Live Nation, saying it considered new evidence and arguments to conclude that the combined company will not result in a substantial lessening of competition in the markets for live music ticket retailing, promotion or venues. Read Full Article here.
FBI probes Citibank cyber attack: WSJ
The Federal Bureau of Investigation is investigating a computer security breach targeting Citibank in which a gang of Russian hackers stole tens of millions of dollars, the Wall Street Journal reported. Read Full Article here.
HBO veteran Albrecht Named Starz Chief
hris Albrecht, formerly the head of Home Box Office Inc, was named the chief executive officer of premium movie provider Starz LLC. Read Full Article here.