labor-market

Twitter begins discussions to explore a sale: source

A sale of Twitter has been the subject of on-again, off-again rumors for many months as the company grapples with stagnant user growth, soft advertising sales and losses running at hundreds of millions of dollars a year. Analysts have long considered Alphabet's Google the most likely buyer for Twitter, and a source told Reuters that Salesforce.com is also in pursuit. CNBC, citing anonymous sources, reported on Friday that Twitter is in talks with companies including Google and Salesforce and may receive

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Twitter begins discussions to explore a sale: source

labor-market

Fed’s internal split tied to dueling views on jobs outlook

The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labor market outlook, comments from policymakers on Friday suggest. When the Fed earlier this week decided to stand pat on rates, Fed Chair Janet Yellen said she felt the labor market had more room to run before it could overheat. On Friday one of the dissenters, Boston Fed chief Eric Rosengren, explained that his vote …

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Fed’s internal split tied to dueling views on jobs outlook

labor-market

Google to buy software developer Apigee for $625 million

By Julia Love and Natalie Grover SAN FRANCISCO (Reuters) – Alphabet Inc's Google said on Thursday it is acquiring software developer Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud

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Google to buy software developer Apigee for $625 million

labor-market

Wells Fargo will pay $190 million to settle customer fraud case

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after the 2008 financial crisis. “Today's action should serve notice to the…

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Wells Fargo will pay $190 million to settle customer fraud case

labor-market

U.S. jobless claims fall as labor market remains strong

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the pace of job growth is slowing. Despite signs of underlying labor market strength

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U.S. jobless claims fall as labor market remains strong

labor-market

U.S. jobless claims fall as labor market remains strong

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the pace of job growth is slowing. Despite signs of underlying labor market strength, also corroborated by record high job openings, August's slowdown in job growth, together with sluggish factory and services sector activity could encourage the Federal Reserve to keep interest rates unchanged at its Sept. 20-21 policy meeting. “The labor market

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U.S. jobless claims fall as labor market remains strong

labor-market

As Fed nears rate hikes, policymakers plan for ‘brave new world’

By Jason Lange and Ann Saphir JACKSON HOLE, Wyo. (Reuters) – Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession. A solid U.S. labor market “has strengthened” the case for the first rate increase since

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As Fed nears rate hikes, policymakers plan for ‘brave new world’

labor-market

Exclusive: ACT shakes up security unit, plans audit after cheating reports

LONDON/SHANGHAI (Reuters) – ACT Inc, maker of America’s most popular university entrance exam, is laying off its head of test security and plans to audit nearly 200 education centers after Reuters detailed widespread …

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Exclusive: ACT shakes up security unit, plans audit after cheating reports

labor-market

Delta cancels hundreds more flights, expects normal operations soon

Delta, the No. 2 U.S. airline by passenger traffic, said systems that allow customer service agents to process check-ins and dispatch aircraft are now functioning normally. As of 2:30 p.m. EDT (1830 GMT), Delta said it had canceled 311 flights on the day, adding to the more than 1,600 cancellations since Monday. Another 2,540 flights departed on Wednesday, with 70 percent of them within 30 minutes of their scheduled times, the airline said.

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Delta cancels hundreds more flights, expects normal operations soon

labor-market

U.S. jobs openings increase in June, layoffs near two-year low

U.S. job openings increased in June and layoffs dropped to their lowest in nearly two years as labor market conditions tightened further, according a government report on Wednesday. The Labor Department's monthly Job Openings and Labor Turnover Survey (JOLTS) report also suggested a growing skill shortage, which

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U.S. jobs openings increase in June, layoffs near two-year low

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