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EMPLOYMENT NEWS FOR FEBRUARY 28, 2017
  • Jon Huntsman-led commission finds counterfeiters, hackers cost U.S. $600B a year

    Washington • Counterfeit goods, software piracy and the theft of trade secrets cost the American economy as much as $600 billion a year, a private watchdog says. In a report out Monday, the Commission on the Theft of American Intellectual Property ...
    Published 42 minutes ago  
  • N.M. tribe puts up land for medicinal greenhouse

    Albuquerque • On a patch of tribal land in western New Mexico, a company plans to build a $160 million state-of-the-art greenhouse for researching and growing medicinal plants, including marijuana. Bright Green Group of Companies is partnering with...
    Published 2 hours, 38 minutes ago  
  • Customers to benefit from cellphone wars?

    The so-called cellphone wars are raging, much to the delight of some customers. AT&T fired the latest shot Monday, announcing new unlimited data plans. The Ultimate Plus plan gives customers unlimited data, text and talk for $90 a month, though t...
    Published 2 hours, 41 minutes ago  
  • Judge dismisses suit tied to Mexico bribery allegations

    A judge has dismissed a lawsuit that accused Wal-Mart’s Mexico operations of misleading shareholders during an alleged bribery scheme. The federal judge in New York on Monday rejected shareholder claims that former Wal-Mart executives knew about br...
    Published 2 hours, 47 minutes ago  
  • Watchdog agency cites costly student loan data errors

    The Consumer Financial Protection Bureau on Monday issued a warning to consumers to pay close attention to their personal information on record with student loan servicers as errors are popping up that can cost borrowers dearly. About 44 million Amer...
    Published 3 hours, 5 minutes ago  
  • SpaceX says it will fly 2 people to moon next year

    Cape Canaveral, Fla. • SpaceX said Monday it will fly two people to the moon next year, a feat not attempted since NASA’s Apollo heyday close to half a century ago. Tech billionaire Elon Musk — the company’s founder and chief executive offic...
    Published 3 hours, 8 minutes ago  
  • Takata pleads guilty in air bag scandal, to pay $1B

    Detroit • Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S. The scandal, meanwhile, seemed to gro...
    Published 3 hours, 14 minutes ago  
  • Google grounds drones, Facebook ramps up flights

    While Google shuttered its Titan drone project, Facebook is planning to ramp up test flights for its own experimental solar-powered glider. Facebook will begin launching a couple of flights a month of its Aquila drone, Jay Parikh, head of engineering...
    Published 3 hours, 20 minutes ago  
  • Strike goes on at BHP-owned Chilean copper mine

    Copper traders were left confused over the state of play at the world’s top copper mine: the owner said wage talks had resumed, while the union said striking workers have had no contact with management for a week. “The good news is that we are ba...
    Published 3 hours, 35 minutes ago  
  • IRS criminal cases fall by 12 percent as agents exit

    Sending tax cheats to prison has become increasingly difficult for the Internal Revenue Service amid an exodus of staffers from its Criminal Investigation Division and a 12 percent drop in new cases. Budget cuts and a battering by House Republicans l...
    Published 3 hours, 41 minutes ago  
  • Berkshire's Lubrizol lost $365M in oil fields

    Even Warren Buffett’s Berkshire Hathaway Inc. sometimes does a bad deal. The company disclosed in its annual report Saturday that results at its chemical unit, Lubrizol, included pretax losses of $365 million last year related to the “disposition...
    Published 3 hours, 44 minutes ago  
  • Gold exchanges show there is greed in fear

    Even in the fear trade, there’s a whole lot of greed. While February is the shortest month of the year, inflows into the VanEck Vectors Junior Gold Miners exchange-traded fund (GDXJ) have already set a record at almost $926 million. That’s about ...
    Published 4 hours, 11 minutes ago  
  • Dow streak of new highs is longest since 1987

    Wall Street notched another set of milestones Monday as the Dow Jones industrial average closed at a record high for the 12th consecutive time, the longest winning streak for the 30-company average in 30 years. The Standard & Poor’s 500 index, ...
    Published 4 hours, 14 minutes ago  
  • Sotheby's, Tegna climb; AES, Shutterstock slump

    New York • Stocks that moved substantially or traded heavily Monday: • Sotheby’s Inc., up $6.30 to $46.39 The auction house had a strong fourth quarter and said it expects to do well as the art market recovers. • AES Corp., down 79 cents to...
    Published 4 hours, 17 minutes ago  
  • Pressure on GOP to revamp health law grows

    Washington • President Donald Trump declared Monday that “Nobody knew that health care could be so complicated.” Yet the opposite has long been painfully obvious for top congressional Republicans, who face mounting pressure to scrap the law eve...
    Published 4 hours, 23 minutes ago  
  • Gorsuch backed bosses in workers' rights cases

    EDITOR’S NOTE — One in a series of stories examining the judicial record of Neil Gorsuch, nominated to the Supreme Court by President Donald Trump The case tugs at the heartstrings: A popular Kansas State University professor battles breast canc...
    Published 6 hours, 11 minutes ago  
  • GOP tax plans could cut popular tax breaks

    Washington • When Republicans say they want to lower taxes and get rid of loopholes to make up the lost revenue, they’re talking about eliminating some popular tax breaks enjoyed by millions. That’s why making big changes to tax laws is so hard...
    Published 6 hours, 50 minutes ago  
  • Trump: Health care system could 'implode'

    Washington • President Donald Trump warned Monday that the nation’s health-care system was in danger of imploding and said Congress must make fundamental changes to the sweeping health law passed by his predecessor. Trump said at a White House me...
    Published 7 hours, 17 minutes ago  
  • Drugmakers pledge restraint, but prices still soar

    Trenton, N.J. • Several big drugmakers are trying to quell the ongoing furor over high drug prices by revealing more information about their pricing and even pledging to keep a lid on increases. No one should expect to be paying less for medicine a...
    Published 7 hours, 20 minutes ago  
  • Boston transit has most light rail derailments

    Boston • The eight Massachusetts Bay Transportation Authority trains that derailed last year were the most of any light rail public transit agency in the country. The federal National Transit Database, which tracks safety data for transportation sy...
    Published 9 hours, 50 minutes ago