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US Adds 209,000 Jobs in July, Unemployment Rises to 6.2%
US Adds 209,000 Jobs in July, Unemployment Rises to 6.2%
The new jobs were well-spread between the construction, manufacturing, professional service and retail sectors, and got a boost as well from 11,000 new jobs in the government sector.
http://www.industryweek.com/resources/us500/2014/procter-and-gamble
P&G Scores Big Increase in Quarterly Earnings
P&G expects 2015 net sales growth in the low single digit range.
Tesla car
Tesla Loss Widens as It Ramps Up Expansion Plan
"We are adding new production capacity at our Fremont factory that will allow us to meet the growing worldwide demand for our vehicles," said a letter to shareholders from CEO Elon Musk and CFO Deepak Ahuja.
US Oil Prices at Four-Month Low amid Refinery Outages
US Oil Prices at Four-Month Low amid Refinery Outages
Oil prices in New York Thursday tumbled to their lowest level since mid-March helped by unplanned refinery shutdowns in the U.S. midwest.
EU Formally Adopts Russia Sanctions
EU Formally Adopts Russia Sanctions
The European Union formally adopts broad economic sanctions against Russia, hoping they will force Moscow to reverse course on the Ukraine crisis.
ExxonMobil Profits Up Despite Lower Oil and Gas Output
ExxonMobil Profits Up Despite Lower Oil and Gas Output 2
Lower oil and gas volumes is often seen as a red flag in the oil business. But Exxon has emphasized that it will not sacrifice profitability for higher output, meaning it will not produce oilfields unless they are highly profitable.
Siemens Quarterly Profit Jumps 27%
Siemens Quarterly Profit Jumps 27%
"While we made good progress in most areas, the energy sector poses a continued challenge in the quarters to come," said chief executive Joe Kaeser, amid grid connection problems with an offshore wind-farm in the North Sea.
Tesla
Panasonic, Tesla Sign Agreement for Gigafactory in US
Tesla will run the operations at the proposed U.S.-based plant, while its Japanese partner will make battery cells destined for the plant and invest in equipment and machinery.
Cyprus in Gas Exploration Deal with ENI, Kogas
Cyprus in Gas Exploration Deal with ENI, Kogas
Cyprus signs a memorandum of understanding with Italian-Korean energy consortium ENI-Kogas to drill for possible offshore gas resources.
Japan Factory Output Logs Sharpest Drop Since Tsunami Disaster
Japan Factory Output Logs Sharpest Drop Since Tsunami Disaster
Production fell 3.3% month-on-month after a 0.7% rise in May.
Amgen logo
Amgen to Cut Up to 15% of Workforce, Mostly in US
The biotech company, which also will close two manufacturing facilities, reported the workforce reduction as it announced a 23% increase in net earnings for the second quarter compared with a year ago.
cybersecurity
Connected Devices Have Huge Security Holes
A new study by HP's Fortify reveals 70% of the most commonly used 'Internet of Things' devices contain vulnerabilities, including inadequate passwords or encryption, or lax access restrictions.
Renault Drives Out of Last Year's Slump
Renault Drives Out of Last Year's Slump
Renault reported first-half net profits nearly 20 times better than during the slump of last year.
Honda Profit Jumps 19.6% to $1.4 Billion
Honda Profit Jumps 19.6% to $1.4 Billion
The Japanese auto industry has benefited from the big-spending policies of Prime Minister Shinzo Abe, with huge monetary easing measures from the premier's hand-picked team at the Bank of Japan helping push down the currency.
BP Profits Soar 65%
BP Profits Soar 65%
The British company, which owns almost 20% of Russian state oil giant Rosneft, warned however that further economic sanctions against Russia could "adversely impact" its performance.
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