One of the big names in corporate earnings news today was SoftBank, which reported that its quarterly profit rose 50 percent from a year ago. If you’ve never heard of the Japanese conglomerate, you probably have heard of Sprint. SoftBank bought a majority stake in the U.S. wireless carrier four years ago for 22 billion […]
Amazon said today it’s planning to hire 50,000 workers to pack and ship orders at its fulfillment centers around the country. It’s holding job fairs nationwide on August 2, which it’s calling “Amazon Jobs Day.” The company plans to make thousands of on the spot job offers next week at the locations holding events, which […]
For months, health website WebMD has been looking for a suitor. Today, it found one. The private equity giant KKR — Kohlberg Kravis Roberts — has struck a deal to buy the site for about $2.8 billion. But why was WebMD looking to be sold in the first place? Click the audio player above to […]
Sears has inked a deal with Amazon that it hopes will boost its flagging sales. Amazon will begin selling appliances by Kenmore — one of Sears’ flagship brands. But there could also be a downside for the struggling department store chain. Click the audio player above to hear the full story.
The Diamond Match factory is one of three major wood products plants in Cloquet, Minn. But it’s slated to close later this summer, leaving Cloquet with a hole in both its history and economy.
The June employment report from the Bureau of Labor Statistics showed strong job growth – 222,000 – and a 0.1 percent rise in the unemployment rate to 4.4 percent, as more job-seekers entered the labor force. But the rise in average hourly earnings was anemic—up 0.2 percent month over month, 2.5 percent year over year. […]
The June unemployment report is out today, and we’re looking at which jobs are in demand in our near-full employment economy. How can you tell which occupations are hard to fill? One way is to see where employers are raising salaries to attract new workers. Pharmacy tech, registered nurse, software engineer, data scientist — if […]
