The U.S. Postal Service wants to cut 220,000 jobs. The agency will seek approval from Congress. The postal service has said it will default in late September if it does not get help from Congress.
The U.S. Postal Service is considering a plan to cut 120,000 jobs. But Congress would have to approve the move, and postal worker unions will strongly oppose the plan. The USPS is bleeding money, and nearing default.
Amazon founder and CEO Jeff Bezos had a eureka moment. He dropped his phone. Then, he applied for a patent for mini airbags to protect mobile phones. Is Amazon's leader a genius like Apple's Steve Jobs?
President Barack Obama distanced himself from a deeply divided U.S. Congress on Thursday, pledging to deliver fresh ideas to create jobs and slamming lawmakers for "bickering" that gets in the way of recovery.
The Republican Party argues it's the party of job creation, but the statistics indicate otherwise, at least concerning U.S. presidential administrations. Democratic presidents have a higher annual job creation average, 1.647 million per year, than Republican presidents, 966,388 per year.
The number of Americans claiming new jobless benefits fell to a four-month low last week, a sliver of hope for an economy battered for days by a credit rating downgrade and falling share prices.
Firmer U.S. stocks pulled world shares higher on Thursday as strong U.S. jobs data took some of the focus away from renewed fears about the health of the euro zone banking system.
Shares of gold mining companies fell Thursday as the broader stock market rebounded on bargain hunting and encouraging US jobs data.
IBM executive Mark Dean talks about life after the PC on the 30th birthday of the 5150 Personal Computer.
Apple topped Exxon Mobil as the world's most valuable company on Wednesday, but can the company be able to keep up the momentum if the country's economy continues to slip?
Bank of New York Mellon Corp plans to cut about 1,500 jobs, or 3 percent of its workforce, to stem rising expenses.
The battle for the world's most valuable company has heated up between Apple and Exxon Mobile, as Apple took over the crown during Wednesday trading.
The Consumer Reports Index, which tracks the financial optimism of Americans, plunged more than five points to 43.4 this month, the lowest in two years.
The U.S. budget deficit was $1 trillion before he took the oath of office, he inherited a nation in deep recession, with a banking crisis, two wars, and now there's a credit downgrade stemming from decades of debt incurred before he was on the scene, but make no mistake about it, President Barack Obama has to create a lot of jobs for his presidency to succeed.
President Barack Obama and the Democratic Party have nine months, or until about June 2012, to demonstrate to the American people that their policies can create 150,000 to 200,000 new jobs per month -- the amount needed to substantially lower employment and create ample opportunities for all.
U.S. stocks slumped on Friday as the all-important July jobs data failed to cheer investors.
Traders appear to be focusing on the European debt crisis, which is reaching emergency levels.
Slight improvement in jobs report is not enough, GOP hopefuls say.
Amidst union stalemates and subsidy negotiations, Congress passed a temporary bi-partisan reauthorization bill on Thursday that would allow the Federal Aviation Administration to collect taxes and return thousands of employees back to work after the shutdown.
Hiring increased slightly in July and the unemployment rate dropped to 9.1 percent, calming jitters after the worst day on Wall Street in almost three years. The Dow fell nearly 513 points Thursday, its biggest decline since Oct. 22, 2008.
16.6 percent of Americans between the ages of 18 to 24 are unemployed
Stocks tumbled across the globe on Thursday amid growing worries about the U.S. economy and Europe's mounting debt problems, reviving fears of another deep recession.
