Great Recession

In this Sept. 9, 2013 photo, Dong Linhua, 59, works at his workshop in Shanghai. "I heard that the authorities might postpone the age of the retirement, but I sure hope not, since I've already worked for almost 42 years," says Dong. (AP Photo/Eugene Hoshiko)

The world braces for retirement crisis

WASHINGTON (AP) — A global retirement crisis is bearing down on workers of all ages. Spawned years before the Great Recession and the financial meltdown in 2008, the crisis was significantly worsened by those twin […]

12/30/2013

CEO of Hilton Worldwide Christopher Nassetta, right, waits for his company's IPO to begin trading on the floor of the New York Stock Exchange, Thursday, Dec. 12, 2013. (AP Photo/Richard Drew)

US stocks lower, setting up 3rd day of declines

Lower stock prices on Thursday set up investors for what would be their third day in a row of declines. Stocks have risen sharply this year, and some analysts have been wondering if buyers will […]

12/12/2013

Jobs

US job openings reach 5-year high, a hopeful sign

  WASHINGTON (AP) — U.S. employers advertised the most job openings in more than five years in October, and the number of people quitting also reached a five-year high. The figures are an encouraging sign […]

12/10/2013

Hollywood Bowl

Arts, culture add $500B to nation’s GDP

WASHINGTON (AP) — Creative industries led by Hollywood account for about $504 billion, or at least 3.2 percent of U.S. goods and services, the government said in its first official measure of how the arts […]

12/05/2013

In this July 16, 2013, file photo, a covered vehicle sits in part of the new paint shop at Chrysler's Sterling Heights Assembly Plant in Sterling Heights, Mich. (AP Photo/Paul Sancya, File)

US economy grows at 3.6 percent rate in 3rd qtr.

WASHINGTON (AP) — The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a […]

12/05/2013

New York-based Quirky CEO Ben Kaufman holds a smart piggy bank his company markets at company headquarters, in New York. (AP Photo/Kathy Willens)

Employers step in to prevent worker burnout

LONDON (AP) — Volkswagen turns off some employees’ email 30 minutes after their shifts end. Goldman Sachs is urging junior staff to take weekends off. BMW is planning new rules that will keep workers from […]

12/03/2013

Trader Robert McQuade works on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

Dow average closes above 16,000 for first time ever

NEW YORK (AP) — The Dow Jones industrial average is closing above 16,000 for the first time as encouraging news on the job market pushes stocks higher. Applications for unemployment benefits dropped last week to […]

11/21/2013

Specialist Fabian Caceres works  on the floor of the New York Stock Exchange Monday, Oct. 7, 2013. (AP Photo/Richard Drew)

Stocks fall as government shutdown drags on

NEW YORK (AP) — Investors sent the Standard & Poor’s 500 index to its lowest close in a month Monday as few signs emerged of a deal to end the U.S. government shutdown and raise […]

10/07/2013

Members of Congress walk down the steps of the House of Representatives on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)

US Treasury warns of harm from debt default

WASHINGTON (AP) — The U.S. Treasury Department warned Thursday that the economy could plunge into a downturn worse than the Great Recession if Congress fails to raise the federal borrowing limit and the country defaults […]

10/03/2013

Americorps volunteer John Harris III, who is helping to coordinate a jobs fair program, works on some documents for job seekers in Washington. (AP Photo/Manuel Balce Ceneta, File)

Signs emerge that US job market may be picking up

WASHINGTON (AP) — The job market is sending signs that it may be strengthening. The number of people seeking unemployment benefits has sunk to its lowest point in six years because few companies are laying […]

09/26/2013

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