Bankrupt U.S. retailer American Apparel starts layoffs Bankrupt U.S. retailer American Apparel starts layoffs:- American Apparel LLC said it had started to lay off staff on Monday, after Canadian apparel maker Gildan Activewear Inc (GIL.TO) withdrew its initial plan to acquire some of the bankrupt U.S. fashion retailer’s manufacturing operations. […]

Trump criticizes controversial piece of House GOP tax plan Trump criticizes controversial piece of House GOP tax plan:- President-elect Donald Trump criticized a key piece of the House Republicans’ tax-reform plan that has also been drawing opposition from some businesses. Trump told The Wall Street Journal in an interview published […]

US employment growth seen strong in December, wages up US employment growth seen strong in December, wages up:- U.S. employers likely maintained a solid pace of hiring in December while raising wages, putting the economy on a path to stronger growth and further interest rate increases from the Federal Reserve this […]

U.S. small business borrowing rises as Trump elected president Borrowing by small U.S. firms ticked up in November, data released on Thursday showed, as Americans unexpectedly elected Republican Donald Trump as their next president and investors bid up U.S. stocks on bets that tax cuts will boost profits. The Thomson […]

U.S. stock futures rise ahead of Fed minutes U.S. stock futures rise ahead of Fed minutes:- U.S. stock index futures were slightly higher on Wednesday as investors awaited the release of the minutes of the Federal Reserve’s December meeting in which the central bank raised interest rates. The Fed raised […]

California snowpack surveyed as indicator of drought California snowpack surveyed as indicator of drought:- Surveyors will plunge poles into the Sierra Nevada snowpack near Lake Tahoe on Tuesday, taking the season’s first measurement by hand of the snow’s water content as California flirts with a sixth year of drought. What […]