Business
One-Third of Employees Say Economy Has Shrunk Paycheck
More than one-third of U.S. employees report they have not received a raise this year or that their compensation has decreased,…
Tag: economy
Business
Bank of New York Mellon Earnings Report: TARP Impact
Today, the Bank of New York Mellon Corporation (NYSE:BK) reported its second quarter income from continuing operations applicable to common shareholders…
Business
Cisco Pinkslips Nearly 700 Employees
Cisco Systems Inc. announced today that it is laying off up to 700 employees at its Silicon Valley headquarters in an…
Business
CIT Nearly Bankrupt
In a brief statement made yesterday, New York-based bank CIT Group (CIT) announced that discussions with the Treasury Department regarding bailout…
Business
Unemployment Rate Shows Racial Gap in New York
Unemployment among blacks in New York City has increased much faster than for whites, and the gap appears to be widening…
News
Recovery Act Delivered $43m in Tax Relief to Working Families
In his Weekly Address yesterday, President Barack Obama discussed the gains the Recovery Act has made during his short term in…