Archive for October 30th, 2009

Employment costs rise at slowest pace since 1982


 
 Employment costs rose by the smallest amount on record in the 12 months ending in September, as high unemployment restrained wage and benefit growth. The data shows that employers face little pressure to raise pay, even as the economy recovers.

Oleg Deripaska, Barred Russian Tycoon, Allowed Into U.S. By FBI, Meets Top Execs

Around the Web: Oleg Deripaska – Wikipedia, the free encyclopedia FRONTLINE/WORLD . Moscow – Rich in Russia . How to Make a Billion ..

Consumer spending plunges by the largest amount in nine months


 
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23AndMe: Layoffs Confirmed At Google-Backed Startup

techcrunch.com : 23andMe was founded by Linda Avey and Anne Wojcicki back in 2006. Investors include biotech powerhouse Genentech, as well as New Enterprise Associates. The company also has close ties to Google — Sergey Brin (who is Wojciki’s husband) has loaned 23andMe $10 million, and Google also has a stake in the company.

Jill Schlesinger: Consumers Aren’t Buying Stimulus Jobs "Success"

I’m getting sick and tired of everyone talking about how much worse shape we would be in, but for (fill in the blank: TARP , stimulus, auto bail outs…) Even if it’s true, it doesn’t make anyone feel better. That’s what I keep thinking when Obama Administration officials sound like cheerleaders claiming victory over job creation that occurred as a result of the $787 billion stimulus. A White House report will be released later today and it’s expected to show that the stimulus plan helped create or save 650,000 jobs through September 30th

Former UBs client wants light sentence in tax evasion probe


 
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Stock futures point to modestly lower opening


 
 U.S. stocks were headed for a modest decline Friday, erasing some of the big gains racked up a day earlier after the government said the economy grew more than expected in the third quarter. Overseas markets were mixed.

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