Originally published on Fri August 1, 2014 10:24 am
New data released by the Department of Labor shows that raising the minimum wage in some states does not appear to have had a negative impact on job growth, contrary to what critics said would happen.
In a report on Friday, the 13 states that raised their minimum wages on Jan. 1 have added jobs at a faster pace than those that did not. The data run counter to a Congressional Budget Office report in February that said raising the minimum wage to $10.10 an hour, as the White House supports, could cost as many as 500,000 jobs.
A large layoff is under way at Microsoft, as the technology company says it will cut 13,000 jobs in the next six months. All but 500 of the layoffs are related to the Nokia phone division the company acquired in April. Microsoft says it might shed as many as 18,000 jobs as it restructures itself.
The company says it will complete most of the layoffs by the end of this year, and complete the restructuring by next June.
3D printers are capable of producing a variety of consumer products, from children’s toys to prosthetic limbs. Now, a company in the Phoenix area is trying to take the technology to the next level with cars. From the Here & Now Contributors Network, Carrie Jung of KJZZ reports.
When a customer service call is described as "Kafkaesque" and "hellish," you pretty much know how it's going to go down before even taking a listen. But in case you haven't heard the condescending, tedious call that's lit up the Internet, here it is:
Connecticut aerospace companies are front and center at the world’s largest air show on Monday. The Farnborough Air Show in England alternates with Paris each year to host the biggest names in the world of aerospace.
Let's take the most dire problem facing humankind: Climate change has so many negative implications it would take all day to list them. Meanwhile, there's the possibility of a sudden acceleration of a problem caused by the melting of Arctic ice, which exposes more ocean water to warming, which causes more melting, which causes more...well, you get the picture.
The summer of tech company demographic data dumps continues apace. Facebook is the latest big firm to share its staff's racial and gender breakdowns, following similar releases from Google and Yahoo. Other tech firms NPR has reached out to say they are having conversations about whether they will do the same.
Fairfield County had the highest proportion of employment provided by foreign-owned companies of any metro region in the country. The figures came in a new study on the impact of overseas investment in the U.S.
SunTrust has agreed to pay $968 million as part of a settlement with the government over charges that it failed to comply with standards required for federally backed mortgages.
The settlement between SunTrust Mortgage and the Justice Department and other agencies includes money for homeowners and a requirement that the company improve its procedures for mortgage loans and foreclosures.
As manufacturing continues its rebound in this country, there’s a lot of discussion about the best ways for government to encourage the trend. One group of manufacturers in Connecticut think they’ve found the perfect policy tool, and they’re pioneering it here in Connecticut.
Originally published on Fri June 13, 2014 11:53 am
Facebook says it will pull from more user data, including browsing histories, to better target ads to consumers. As the changes roll out over the next few weeks, users will also have more control over their own data profiles, the ones that help determine which ads they see.