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business & economy

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On eve of Veteran's Day, Senate passes veterans jobs bill

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A piece of President Barack Obama's jobs bill won approval on Thursday. It'll provide up to $5600 to employers who hire veterans and keep them employed for at least six months.
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VIDEO: Former NBA, UCLA star shining while playing in Israel during NBA lockout

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Jordan Farmar, who led the UCLA Bruins to a NCAA Final Four and who helped deliver a championship to the Los Angeles Lakers, has taken his talents to Israel, where he's playing for Maccabi Tel Avi while the NBA lockout continues.
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Defense Secretary Leon Panetta outlines possible budget cuts

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In a conversation with The New York Times, Leon Panetta, the new defense secretary, described broad categories that he would like to cut in order to meet a Congressional mandate for $450 billion in cuts over 10 years.
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VIDEO: Groupon IPO largest web offering since Google in 2004

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The stock offering raised more than $700 million for the online company, which sells coupons for deeply discounted goods and services. Groupon was the first major success in that market, but competition is rapidly increasing.
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As lockout drags on, more regular people finding their paychecks shrinking

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Restaurants near NBA arenas are cutting hours, laying off employees and otherwise tried to cut expenses as they deal with the lack of NBA games to fill their buildings.
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U.S. economy shows some signs of life, adds 80,000 jobs

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The U.S. unemployment rate ticked down a tenth of a percent 9 percent in October after the economy added 80,000 jobs, the latest U.S. Department of Labor figures show.
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Polish economy is booming, bucking international trends

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As Europe's and America's economies falter, there's one nation standing above the trouble: Poland. In 20 years since the end of the Cold War, Poland has not once endured a recession.
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Greek government cancels plans for referendum on European Union bailout plan

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As the markets teetered and with European leaders telling Greece to take it or leave it — literally — Greece has called off plans for a popular referendum on the European Union bailout plan, agreed to last month.
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Activist plan 'Bank Transfer Day' for Saturday, encourage using credit unions

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A Los Angeles activist is encouraging Americans to take their money out of the big banks and transfer it to smaller, local credit unions. The protest is in the wake of increased fees from big banks.
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VIDEO: Thousands Occupy Oakland, shutting down port

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The Port of Oakland is shutdown Wednesday night as protesters in the Occupy Oakland movement conduct a general strike. About 10,000 people are reportedly participating.
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