Spokesman: Ulcer sent NJ's Lautenberg to hospital

2010-02-22T09:21:28Z

<div><p>A bleeding ulcer is behind the hospitalization of longtime New Jersey Sen. Frank Lautenberg, an aide said Tuesday.</p><p>Chief of staff Dan Katz said that no discharge date is set, but that he expects the 86-year-old Democrat to be released soon.</p><p>The senator was taken to a hospital Monday ...

ADP names Symantec CEO to its board

2010-02-22T10:33:37Z

<div id="subtitle">Payroll processor ADP names Symantec CEO Enrique Salem to its board</div><div><p>Automatic Data Processing Inc., the world's biggest payroll processor, has named Symantec Corp. CEO Enrique Salem to its b...

Pace of private sector job losses slows

2010-02-22T12:22:21Z

<div><p>NEW YORK (Reuters) - The pace of job losses in the private sector slowed in January as employers reported the smallest payroll decline in nearly two years while demand for home loans hit a six-week high last week, data showed on Wednesday.</p><p>A report by ADP Employer Services

ADP's 2Q profit boosted by tax gain, lower costs

2010-02-22T12:42:24Z

<div id="subtitle">ADP's 2Q profit climbs 5 percent on flat sales, helped by tax gain, lower costs</div><div><p>Automatic Data Processing Inc., the world's biggest payroll processor, said Tuesday its quarterly profit rose 5 percent with help from a one-time tax gain and shrinking expenses.</p><p>With the recession still re...

Job losses decline again; Fed sees improvement

2010-02-23T21:53:05Z

<div><p>NEW YORK (Reuters) - The U.S. labor market improved in November, with private sector job losses declining for the eighth straight month and employers planning fewer layoffs, separate reports showed on Wednesday.</p><p>Although employers are still shedding jobs, economists said the figures suggest the United States<...

ADP profit beats estimates as costs decline

2010-02-24T10:07:00Z

<div><p>NEW YORK (Reuters) - Automatic Data Processing Inc &lt;ADP.O&gt; posted higher-than-expected quarterly earnings on Wednesday as the world's largest payroll processing company cut costs to offset lower sales.</p><p>ADP also raised its fiscal 2...

ADP posts higher 1Q profit despite revenue decline

2010-02-24T10:06:00Z

<div id="subtitle">Economy's problems show in ADP's 1st-qtr report, but company manages 3 percent profit gain</div><div><p>Rising unemployment and the struggles of the U.S. auto industry were both evident as payroll and benefits outsourcer Automatic Data Processing Inc. reported a slim 3 perce...

ADP CEO received 22 percent less in 2009

2010-02-25T00:22:11Z

<div id="subtitle">ADP CEO's compensation declined 22 percent in fiscal 2009 to $6.2 million</div><div><p>The CEO of Automatic Data Processing Inc. received compensation valued at $6.2 million in fiscal 2009, down 22 percent from the prior year, according to an Associated Press c...

WHERE HEADHUNTERS TO TREAD

2010-02-25T09:22:22Z

<div><h1> WHERE HEADHUNTERS TO TREAD </h1><p>When Revlon hired Jack Stahl as CEO in 2002, the board thought he'd be a boss who could turn the cosmetics giant around. In his 22 years at Coca-Cola, where he rose to president, the telegenic executive had become a darling of Wall Street

Service sector shrinks faster in July: ISM

2010-02-26T00:23:22Z

<div><p>NEW YORK (Reuters) - The U.S. service sector contracted in July at a faster pace than in June, adding to worries that any economic recovery may still be a long way off, according to a report released on Wednesday.</p><p>Th...

Private sector loses 371,000 jobs in July

2010-02-26T00:15:50Z

<div><p>NEW YORK (Reuters) - U.S. private employers axed more jobs in July but at the slowest pace since October, offering a glimmer of hope the labor market is stabilizing.</p><p>U.S. companies shed 371,000 jobs in July, compared with a revised 463,000 drop in June, a report by a private employment service said on Wed...

U.S. private sector axes 532,000 jobs in May

2010-02-27T02:21:25Z

<div><p>NEW YORK (Reuters) - U.S. private employers chopped more than half a million jobs in May, signaling job conditions remain tough and dashing some hopes the economy was not deteriorating as rapidly as thought, a report on Wednesday showed.</p><p>U.S. companies axed 532,000 jobs last month, though this was fewer t...

Meltdown 101: Which jobs reports tell full story?

2010-02-27T07:28:41Z

<div id="subtitle">Meltdown 101: Which of the often contradictory jobs reports offers best clues about economy?</div><div><p>One week, a federal report says the number of people filing new claims for unemployment insurance has unexpectedly dropped, pointing to a slowdown in layoffs. Good news, right? Maybe not.</p><p>Within weeks, another government report says the unemployment rate has climbed. Bad news? Not so ...

US offers foreclosure relief as grim data mounts

2010-03-03T20:44:21Z

<div><p>President Barack Obama's administration Wednesday unveiled the details of a 75-billion-dollar rescue plan to stem rising home foreclosures as grim data suggested a deepening recession.</p><p>The Treasury Department said between seve...

US private sector shed 697,000 jobs in February: ADP

2010-03-03T20:45:38Z

<div><p>The US private sector shed a greater-than-expected 697,000 jobs in February as employers slashed payrolls to cope with the shrinking economy, payrolls firm ADP data showed Wednesday.</p><p>The number of jobs lost accelerated from January and far exceeded analysts' consensus forecast of...

US private sector shed 697,000 jobs: ADP

2010-03-03T20:50:40Z

THE GROWING ARMY OF THE UNEMPLOYED

2010-03-01T23:44:49Z

<div><h1> THE GROWING ARMY OF THE UNEMPLOYED </h1><p>More than half a million jobs a month. That's how many have vanished since September in the U.S., and the toll is likely to stay that high for a few months more. On Feb. 4 payroll giant Automatic Data Processing said the private sector ax...

US economy 'bleeds private jobs, payrolls slashed'

2010-03-02T08:55:36Z

<div><p>The US economy entered 2009 shedding more than a half million jobs in the private sector and employers announced a near-record number of layoffs, two reports showed Wednesday.</p><p>Non-farm private jobs fell a seasonally adjusted 522,000 in January from the prior month as the world's largest economy entered a second year of recession, according to a report by private payroll...

US economy bleeds private jobs, payrolls slashed: reports

2010-03-02T08:57:17Z

<div><p>The US economy entered 2009 shedding more than a half million jobs in the private sector and employers announced a near-record number of layoffs, two reports showed Wednesday.</p><p>Nonfarm private jobs fell a seasonally adjusted 522,000 in January from the prior month as the world's largest economy entered a second year of recession, according to a report by private payrolls...

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