Posts Tagged ‘Lending’

Unemployment soars to 20.3% in Spain, a 14-year high

Linda Young – AHN News Writer Madrid, Spain (AHN) – Spain’s unemployment rate reached a 14-year high of 21.3 percent during the first three months of the year, up from 20.3 percent for the last three months of 2010. The economy lost more jobs during the first quarter than it had during the entire year [...]

Panasonic to slash another 17,000 jobs 

Kris Alingod – AHN News Contributor Osaka, Japan (AHN) – Panasonic said on Thursday it would continue to cut thousands of jobs as part of a three-year restructuring program related to its acquisition of Sanyo. The Japanese company will eliminate 17,000 positions over the next two years, putting the total number of workers removed under [...]

Protesters welcome Wal-Mart chief executive in New York

Kris Alingod – AHN News Contributor New York, NY, United States (AHN) – Protesters greeted Wal-Mart chief executive Mike Duke on Wednesday in New York, where he is looking to open stores. Members of the Retail, Wholesale and Department Store Union, New York Jobs with Justice and several other groups gathered outside Bryant Park Grill, [...]

Detroit mayor threatens labor agreements to cut costs

Vittorio Hernandez – AHN News Detroit, MI, United States (AHN) – Detroit Mayor Dave Bing is threatening workers in the city he will void their collective bargaining agreements by passing a new state law that would lead to the appointment of a fiscal manager who would cancel the pacts. Bing is pushing for the municipal [...]

Toyota to resume normal production at year’s end

Kris Alingod – AHN News Contributor New York, NY, United States (AHN) – Toyota said on Friday it would maintain limited production until the end of the year. The automaker is working to resolve supply chain issues and a crisis triggered by a tsunami in Japan. Production levels in domestic plants are currently at 50 [...]

Initial jobless claims drop to 403,000

Linda Young – AHN News Writer Washington, DC, United States (AHN) – Initial jobless claims remained above the 400,000 mark for the second week in a row with 403,000 Americans filing for benefits during the week ending April 16, the U.S. Department of Labor said Thursday. That number was down 13,000 from the previous week’s [...]

Bangladesh seeks international regime for climate change refugees

Saleem Samad – AHN News Correspondent Dhaka, Bangladesh (AHN) – After a five-year hiatus, a revived regional dialogue on human rights of migrant workers worldwide resumed in the Bangladesh capital Dhaka on Tuesday. Ministers from Asian labor-sending countries are holding three days of business about endorsing protections for migrant workers, Human Rights Watch, Migrant Forum [...]

Philadelphia Orchestra seeks bankruptcy protection

Kris Alingod – AHN News Contributor Philadelphia, PA, United States (AHN) – The Philadelphia Orchestra plans to file for Chapter 11 protection to restructure its finances in the face of a $14.5 million deficit. The orchestra’s board of directors decided over the weekend to declare bankruptcy despite opposition from musicians who have been in talks [...]

Rise in first-time jobless claims signals weak recovery in labor markets

Linda Young – AHN News Writer Washington, DC, United States (AHN) – The number of first-time applicants for jobless benefits unexpectedly rose for the week ending April 9 by 27,000 to 412,000. Analysts had expected the number to remain in the 380,000 range. Some analysts now say the jump in claims signals uncertainty over recovery [...]

UK sees overall unemployment fall to 7.8 percent

Linda Young – AHN News Writer London, United Kingdom (AHN) – Unemployment fell by 17,000 in the United Kingdom to 2.48 million during the three months ending in February. That brought the unemployment rate to 7.8 percent, according to the Office for National Statistics (ONS). It marked the first time since last fall that unemployment [...]

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