US cos begin insourcing jobs from China, Japan; India next in line?

American companies are now moving jobs back from countries like China, Japan and Mexico and India could be next as the White House will soon announce incentives for bringing employment to the country.

US jobless claims at 9-month low, outlook brighter

New claims for unemployment benefits dropped to a nine-month low last week, a government report showed on Thursday, suggesting a labor market recovery was gaining momentum.

With 80,000 new jobs in Oct,US unemployment rate drops to 9%

The unemployment rate in the United States dropped marginally to 9 percent from previous month's 9.1 percent, as the country added 80,000 new jobs in October.

Jobless voters could desert Obama at election

The slot machines jangle away with the promise of sudden riches, but many visitors to a job fair at a second-tier casino here are hoping merely for a minimum-wage job to snap their losing streak.

Obama visits GM plant with South Korean Prez; signs trade pact

US President Barack Obama on Saturday visited GM's assembly plant in Michigan with South Korean President Lee Myung-bak and said the bail out the auto industry during the global financial crisis will create even more jobs for both the countries.

Obama’s trillion dollar folly?

It is just a matter of time that Obama’s plans worth trillions of dollars will become a folly if a just economic package fails to fill the political vacuum.

Obama’s trillion dollar folly?

It is just a matter of time that Obama’s plans worth trillions of dollars will become a folly if a just economic package fails to fill the political vacuum.

Is the `Buffett rule` solution for the West?

While raising tax rates provides a temporary relief as far as the internal deficit targets are concerned it is not a universal remedy to meet the budgetary issues being faced by the western world.

Is the `Buffett rule` solution for the West?

While raising tax rates provides a temporary relief as far as the internal deficit targets are concerned it is not a universal remedy to meet the budgetary issues being faced by the western world.

US Fed looks set to ease policy

The Federal Reserve on Wednesday looks set to launch a fresh effort to invigorate the faltering US recovery, embarking on what could be the first in a series of incremental steps to foster stronger growth.

Tax rich Americans to pay for Obama's jobs bill

US President Barack Obama indicated raising taxes on the rich and on energy firms to fund his USD 447 billion jobs stimulus bill, asking lawmakers to pass the law without "delays" and "politics", a proposal that immediately drew sharp reactions from the Republicans.

BofA looking to cut $5 billion annual costs

Bank of America Corp said it will cut 30,000 jobs and slash annual expenses by USD 5 billion, but investors were unimpressed with the plan and the lack of details on how it will be accomplished.

Obama jobs plan reinvigorates growth outlook

Barack Obama`s jobs package could lift US economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point.

Obama jobs plan reinvigorates growth outlook

Barack Obama`s jobs package could lift US economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point.

Global stocks fall as Obama plan fails to spark rally

European stock index futures fell on Friday, following Asian markets lower, as a USD 447 billion jobs package from US President Barack Obama failed to entice investors back into equities amid concerns that it could be hamstrung by political wrangling.

Obama to release "more ambitious" deficit plan on Sept 19

US President Barack Obama said on Thursday he would propose a deficit-reduction plan on Sept 19 that will cover the cost of his jobs bill and include "modest adjustments" to Medicare and Medicaid and more taxes for the rich and corporations.

Nikkei hits 2-1/2 year closing low on Europe, US fears

Japan's Nikkei average slid 2.2 percent on Tuesday to a 2-1/2 year closing low after sovereign debt fears pummelled European stocks and as investors worried upcoming US job measures will not be enough to boost confidence in the slowing US economy.