| Feb 18, 2014
| 12:09 PM
WASHINGTON -- Increasing the federal minimum wage to $10.10 an hour would cause the loss of about 500,000 jobs but would boost earnings for about 16.5 million low-wage workers, the Congressional Budget Office said Tuesday.
The report said that most low-...
| Feb 4, 2014
| 8:12 AM
J.C. Penney Co., the retailer attempting a return to glory using deep discounts and Super Bowl tweets typed with mittens, said its holiday sales grew last year for the first time since 2011.
The Plano, Texas, company said sales at stores open at least a...
| Feb 27, 2014
| 4:18 PM
Wells Fargo & Co. is slicing an additional 700 jobs from its mortgage operations, bringing staff reductions to about 7,000 -- nearly 12% of its home-lending workforce -- since last year, when rising interest rates ended a refinance boom.
| Nov 6, 2013
| 6:46 AM
WASHINGTON -- Planned layoffs by U.S. employers jumped 13.5% last month, led by cutbacks at pharmaceutical and financial services firms, according to a report Wednesday.
Employers announced plans to cut 45,730 jobs in October, up from 40,289 the...
| Oct 7, 2013
| 7:49 AM
WASHINGTON -- Defense giant Lockheed Martin Corp. said Monday it would reduce its planned layoffs to 2,400, after the Pentagon recalled most of the civilian workers it had furloughed because of the partial federal government shutdown.
The move came...
| Nov 22, 2013
| 11:22 AM
Pixar Animation Studios has laid off an undisclosed number of people at its Emeryville, Calif., headquarters due to the delay of its forthcoming film "The Good Dinosaur."
The layoffs affect less than 5% of the company's 1,200-person workforce, according...
| Jan 31, 2014
| 12:47 PM
NBCUniversal plans to lay off the entire “Tonight Show” staff — all 164 Burbank employees — when the late-night talk show moves from California to New York City next month, TheWrap has learned.
NBCUniversal notified the...
| Feb 3, 2014
| 4:58 PM
Disney Interactive, the struggling video game and digital media subsidiary of the Walt Disney Co., is expected to begin a round of layoffs, according to a source with knowledge of the matter.
The cuts could come as soon as this week.
| Feb 20, 2014
| 5:00 AM
The people who run KCET-TV see a solid future ahead. But the station's accountants aren't so sure.
KCETLink, the nonprofit organization that runs the independent public TV outlet based in Burbank, "has suffered recurring losses that raise substantial...
| Feb 21, 2014
Livable wages and less income disparity are noble objectives that resonate with many people. President Obama has proposed that Congress raise the minimum wage as a way to meet those objectives. But there's a better way to improve wages, assist low-...
| Dec 31, 2013
| 12:30 PM
I'm neither an employee nor a stockholder in Sysco or U.S. Food Service, but this combination will not benefit either company or its employees ("Sysco to buy US Foods, former Columbia-based company, for $3.5 billion," Dec. 9).
Two companies calling on...