The US economy shed another 54,000 jobs in August, the third month in a row that jobs have been lost, official figures have shown.
However, the private sector created 67,000 jobs, the Labor Department said, more than analysts had been expecting.
As a result of the overall fall in job numbers, the unemployment rate rose [...]
Archive for the ‘BUSINESS’ Category
US sees 54,000 jobs lost in August.
Posted by admin on September 3rd, 2010
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Foxconn reopens Indian factory.
Posted by admin on August 2nd, 2010
The iPhone manufacturer Foxconn has reopened a factory in India which was shut down temporarily when 250 workers fell sick, sending its shares up 9%.
The plant in Madras (Chennai), which makes mobile phone parts, was closed last Monday after workers complained of nausea and giddiness.
Work resumed on Saturday after the firm received [...]
HSBC sees profits double to $11bn.
Posted by admin on August 2nd, 2010
The UK’s biggest bank HSBC has reported pre-tax profits of $11.1bn (£7bn) for the first six months of 2010 – more than double its profits for the same time last year.
The bank said it was profitable in every region, except for North America where it saw losses of $80m.
In the UK, profits totalled [...]
