business & economy
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.