UNEMPLOYMENT

Tobacco

Tobacco Maker Reynolds American To Cut 10% Of Staff

Reynolds American Inc. (NYSE: RAI), the second-largest U.S. tobacco company, said Wednesday it would eliminate 10 percent of its workforce, or around 540 workers, by the end of 2014 in order to save money and refocus its business.
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Protests, at times violent, have become common occurrences in Greece in the era of austerity

Greek Austerity Measures: More Cuts Demanded in ’13, ‘14

The European Commission doesn't believe the Greek austerity measures currently adopted are enough. For 2013 and 2014, it is demanding additional cuts equivalent to 5.5 percent of the GDP, according to a report obtained by Reuters.
Spain's PM Rajoy holds a news conference at the end of a European Union leaders summit in Brussels.

Spain To Meet EU Budget Deficit Demands

Spain announced it will adhere to budget cuts demanded by the European Union, ending the first tussle over new, stricter budgetary rules within the trading bloc.
Black Friday shoppers cross 34th Street outside Macy's in Herald Square in New York

US Retail Sales Jump 1.1%, Biggest Increase in 5 Months

Sales at U.S. retailers jumped in February by the most in five months, showing broad-based gains from autos to building materials, underscoring yet another hopeful sign of a strengthening economy.
Greece

Greece Needs To Cut Spending More: EC

Greece will have to slash a further 5.5 percent of GDP in government spending in 2013 and 2014 to meet agreed fiscal targets underpinning the second international bailout for Athens, a European Commission report said.
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Stock Index Futures Signal Gains Ahead Of Fed

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.56 percent, Dow Jones futures up 0.45 percent and Nasdaq 100 futures up 0.54 percent at 0949 GMT.
Hang Seng Index

Asian Stocks Decline on Chinese Trade Data

Asian stock markets ended lower Monday as disappointing Chinese trade data released over the weekend overshadowed stronger than expected US February jobs report.
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Greek debt swap could be short-lived reprieve

Greece's deep recession and unpredictable elections threaten to turn the biggest debt restructuring in history into yet another short-lived reprieve, although the existential threat posed to the euro zone is not what it was.
France's President Sarkozy delivers his speech on the euro zone financial crisis in Toulon

Sarkozy Lashes Out At Free Trade, Immigration

President Nicolas Sarkozy, recasting himself as France's savior from low-cost competition and high immigration, threatened to disregard European limitations on protectionism as he sought to give his re-election campaign a second wind Sunday.
Greece's Finance Minister Venizelos attends a Eurogroup meeting ahead of a two-day EU leaders summit in Brussels

Finance Minister Venizelos To Lead Socialists Into Greek Election

Greek Finance Minister Evangelos Venizelos will run unopposed for the leadership of the Socialists, party officials said Sunday, as the political focus shifts towards a parliamentary election now that Athens has secured a bond swap deal.
Applicants Fill Out Forms During a Job Fair at the Southeast LA-Crenshaw WorkSource Center in Los Angeles

Weekly US Economic Snapshot: How Are We Doing?

The economic picture got considerably messier this week, as positive data on job creation battled with gasoline-price-fueled inflation concerns in economists', policymakers' and consumers' minds. Joyous declarations that the economy is finally getting better have turned into more studious critiques of how the incipient recovery is actually affecting poor, working-class and middle-class people.
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Demand For 'Survival Services' Rises In U.S. Cities

Many cities across the United States are still scrambling to help their residents overcome the economic recession that officially ended more than two years ago, according to a survey released on Friday by the National League of Cities.
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Wall Street higher after jobs data

Stocks rose on Friday, adding to their best two-day run in nearly three months, after a report showed the economy added more jobs than expected in February.

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