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Job losses continue Employers trimmed jobs from their payrolls in June for the sixth straight month, as the government's closely watched report Thursday showed continued weakness in the labor market. CNN MoneyOil Soars On Report Of U.S. Supply Decline The latest spike in oil prices means a barrel of crude has gone up by more than 50 percent since the end of last year, when oil was going for $96 a barrel. CBS NewsEmployers cut jobs for 6th straight month Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 percent. The latest snapshot of business conditions, released by the Labor... San Francisco ChronicleJob market: No bottom until `09 Economists are forecasting that the unemployment rate retreated slightly in June after May's big spike. But few believe that is a sign that the battered labor market is at or even near the bottom. CNNPND Display Shipments to Nearly Double by 2010, Says iSuppli Unit shipments of small/medium LCD displays for portable navigation devices (PND) are expected to double from 2007 to 2010, thanks to declining prices, rising demand and expanding production capacity,... India GazetteGM trounces Toyota in June sales General Motors sales consultant Mike Bechtolt hangs a banner in front of a GM dealership in Portland, Ore., on Tuesday. GM said Tuesday its U.S. sales sank 18.5 percent in June led by declining sales ... India GazetteSharp fall in US private sector jobs The US suffered the largest drop in employment in nearly six years in June in a sign of the deteriorating economic environment, says the monthly ADP survey FT.comSame-Sex Marriages: What Do They Mean for Your Benefit Plans? On May 15 of this year, the California Supreme Court held that same-sex couples must be permitted to legally marry in California. According to the decision, the failure to designate the relationship of a same-sex couple as a marriage violates the equal protection clause of the California Constitution. When the decision takes effect on June 14, 2008, California will join Massachusetts as the only states that recognize same-sex marriages. Elinfonet.comToyota to overhaul U.S. strategy after June slump HONG KONG (MarketWatch) -- Toyota Motor Corp. is planning an overhaul of it U.S. operations following weaker sales in June, with the automaker likely to introduce additional production holidays at its... India GazetteDecline in UK construction activity `fastest for 11 years` CONSTRUCTION activity in the UK fell at its fastest rate for at least 11 years last month in a further sign of worsening conditions in the housing industry. Scotsman |
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