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Canada falls behind OECD partners in support for unemployed

A study comparing unemployment benefits among countries belonging to the Organization for Economic Cooperation and Development shows that Canada offers some of the worst support out of the 30 nations that make up the OECD's membership.
Published 20 hours ago by  Stephanie Dearing in Business | 3 comments

Canada's real gross domestic product declined in April

Real gross domestic product declined 0.1% in April, following decreases of 0.3% in March and 0.1% in February, and more pronounced declines between November 2008 and January 2009.
Published 20 hours ago by  Bob Ewing in Business

Foreclosure Looms at Watergate Hotel

It's been five years since Watergate Hotel shuttered its doors and it's about to get worse for the physical icon that brought down a powerful president.
Published 21 hours ago by  Del Patterson in Business

Labor Department Announces Green Jobs Training for Veterans

Secretary of Labor Hilda Solis announced Wednesday grants to 17 different organizations totaling $7.5 million. The grants will provide nearly 3,000 veterans with "green jobs" training.
Published Jul 2, 2009 by  Mat Elmore in Business | 1 comment

Obama stimulus proving to be 'another jobless recovery'

As U.S. employers cut another 467,000 jobs in June, the stimulus program put in place by the Obama administration and Democratic lawmakers is looking like 'another jobless recovery.'
Published Jul 2, 2009 by  Michael Krebs in Business | 2 comments

Chrysler Closes Fenton Assembly Plant

The end of an era. After 50 years Chrysler closes Fenton assembly plant. Was low productivity as well as slow sales the reason? The trucks once produced there will now be assembled in Mexico.
Published Jul 2, 2009 by  Walt Crocker in Business

General Motors may be forced to liquidate

Despite billions in bailouts and an unprecedented pre-packaged bankruptcy, General Motors may be forced to liquidate if an asset sale isn't approved.
Published Jul 2, 2009 by  Matthew Moran in Business

Live in a Twilight life

Are you a fan of Twilight? Would you and your loved ones like to live even once like Edward Cullen and Bella Swan? Your dream could come true.
Published Jul 2, 2009 by  Wang Fangqing in Business | 2 comments

Unemployment in the Euro Zone Rises to Highest Level in 10 Years

On the same day that figures were released confirming that job losses in the USA during June were larger than expected, comes news that during May unemployment in the Euro zone rose to 9.5%, its highest level in 10 years.
Published Jul 2, 2009 by  Chris Dade in Business

US job cuts higher than predicted

The total number of job losses for the United States for the past month have turned out to be higher than predicted. The job losses totaled 467,000.
Published Jul 2, 2009 by  Jane Fazackarley in Business
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