BRIEFCASE.Byline: - Staff and Wire Reports Jobless rate down to four-year low WASHINGTON - The nation's unemployment rate dipped to a four-year low of 4.9 percent in August as companies added 169,000 jobs, a sign that the labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience continued to gain traction before Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. struck.
The latest snapshot of the United States' jobs climate, released by the Labor Department The Department of Labor (DOL) administers federal labor laws for the Executive Branch of the federal government. Its mission is "to foster, promote, and develop the welfare of the wage earners of the United States, to improve their working on Friday, buttressed observations by Federal Reserve Chairman Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. and his colleagues that the hiring situation was gradually improving - a bit of good news for workers as they headed into the Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894. weekend. But the future of the nation's employment picture is murky - clouded by fallout from the devastating dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. hurricane. Friday's figures don't reflect the impact of Katrina because the data was collected before the storm slammed into New Orleans and a swath of Gulf Coast communities. Microsoft, Google attack each other SAN FRANCISCO - Microsoft Corp. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Steve Ballmer vowed to ``kill'' Internet search leader Google Inc. in an obscenity-laced tirade, and Google chased a prized Microsoft executive ``like wolves,'' according to documents filed Friday in an increasingly bitter legal battle between the rivals. The allegations, filed in a Washington state court, represent the latest salvos in a showdown triggered by Google's July hiring of former Microsoft executive Kai Fu-Lee to oversee a research and development center that Google plans to open in China. Lee started at Google the day after he resigned from Microsoft. The tug-of-war over Lee - known for his work on computer recognition of language - has exposed the behind-the-scenes animosity that has been brewing between two of high-tech's best-known companies. Ballmer's threat last November was recounted in a sworn declaration by a former Microsoft engineer, Mark Lucovsky, who said he met with Microsoft's chief executive 10 months ago to discuss his decision to leave the company after six years. Foundation's end by SEC approved WASHINGTON - The Securities and Exchange Commission won court approval to dissolve a $55 million foundation set up with the proceeds of a landmark settlement over stock analyst research, and transfer the money to the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Investor Education Foundation. Judge William H. Pauley III issued the ruling on Friday, ending a dispute between federal and state securities regulators over whether the NASD foundation was the appropriate group to manage the funds. The SEC had initially overseen a foundation to distribute the money, but the group never got off the ground and the funds sat idle at the Federal Reserve Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. . The SEC and state regulators in 2003 entered into a settlement with 10 Wall Street banks, resolving charges that analysts had issued overly optimistic reports in order to win investment-banking business. |
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