Deere & Co. said Wednesday its fiscal second-quarter profit soared 65 percent because of strong demand for its agricultural equipment, especially in the United States, Canada and Brazil. View full post on All Stories
Anthony Mason spoke with economist Lakshman Achuthan of the Economic Cycle Research Institute on the United States’ unemployment rate and the chances of a faster economic … View full post on All Stories
Afghanistan’s Kabul Bank needs a bailout that may top $900 million because of bad loans made to friends and relatives of high-ranking Afghan government officials. Of course, with little revenue of its own, an Afghan government bank bailout would mean more money from the United States. View full post on All Stories
One is that Japan’s official unemployment rate has topped 5 percent for three years in a row. This is still much lower than the United States and much of Europe, where official rates are … View full post on All Stories
Matthew Borghese – AHN News Contributor Washington, D.C., United States (AHN) – Vermont’s Independent Sen. Bernard Sanders spent over eight hours denouncing the new agreement to extend Bush-era tax cuts to millions of Americans. Speaking on the floor of the U.S. Senate, Sanders spoke out against President Barack Obama’s efforts, saying the deal only increases [...]
Linda Young – AHN News Writer Washington, D.C., United States (AHN) – New claims for unemployment compensation dropped to 421,000 for the week ending Dec. 4, a decrease of 17,000 claims from the week before, according to the U.S. Department of Labor. Not all jobless workers are insured by the unemployment compensation program. The advance [...]
Kris Alingod – AHN News Contributor Los Angeles, CA, United States (AHN) – A second California company has begun recalling walnuts due to fears of salmonella. Mojave Foods is recalling 60 packages of its El Guapo Nuez Entera made with walnuts that may contain salmonella. The products were sold in southern California and have a [...]
In an attempt to prevent President Barack Obama’s plan to bring terror suspects to the United States for trial, the House voted 212-206 on Tuesday to curb the government’s expenses in the fiscal year. The measure targeted funds aimed at transferring inmates from a military holding facility in Guantanamo Bay, Cuba, to prisons in the [...]
Vittorio Hernandez – AHN News News Writer Bentonville, Arkansas, United States (AHN) – Wal-Mart Stores announced Wednesday that it will no longer pay its employees who work Sundays an additional $1 an hour. The new policy, however, would only cover workers hired after Jan. 1, 2011. Current U.S. employees numbering 1.4 million will not be [...]
AHN News Staff New York, New York, United States (AHN) – The American International Group announced Wednesday it will repay the U.S. Federal Reserve $21 billion credit line. AIG will fund the repayment from the sales of two life insurers from outside the U.S. After paying back what AIG borrowed from the regulator in 2008 [...]
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