Kraft says it will focus on high-margin brands to boost productivity in EuropeSeptember 9th, 2009 Kraft to focus on improving growth in EuropeNORTHFIELD, Ill. — Kraft Foods Inc.
Summary Box: Productivity, factory orders increase in latest hopeful signs of recession's endSeptember 2nd, 2009 Summary Box: Productivity, factory orders riseMORE STRONG NUMBERS: Productivity in the second quarter posted its best showing since 2003, while cost-cutting by companies pushed labor costs down by the most in nine years. A separate report showed factory orders climbed in July, the fifth gain in six months.
Economy flashing more signals that recovery is beginning but worries remain over durabilitySeptember 2nd, 2009 Further evidence points to recession bottoming outWASHINGTON — Productivity and factory orders are up as the economy continues to flash signals that the longest recession since World War II is coming to an end. However, worries remain about how durable the rebound will be given lingering problems in the labor market.
Dollar slips slightly on productivity, unemployment reports ahead of ECB rate decisionSeptember 2nd, 2009 Dollar slips on productivity, unemployment reportsNEW YORK — The dollar slipped slightly Wednesday on reports that productivity jumped and employers are cutting fewer workers, though layoffs are likely to continue. The 16-nation euro edged up to $1.4273 from $1.4213 it bought late Tuesday, while the British pound rose to $1.6279 from $1.6161.
Productivity rises at fastest pace in nearly 6 years, while labor costs plunge in springSeptember 2nd, 2009 Productivity up 6.6 percent in 2Q, most in 6 yearsWASHINGTON — Worker productivity, the single biggest factor determining living standards, grew at the fastest pace in nearly six years in the spring while labor costs fell by the most in nine years, as companies slashed costs to survive the recession. Increases in productivity can help boost living standards because companies can increase wages financed by rising output.
Productivity jumps in spring on cost cuts, but stronger consumer demand needed for recoverySeptember 2nd, 2009 Productivity gains in 2Q due mainly to cost cutsWASHINGTON — Companies managed to boost their workers' productivity and their own profits in the spring mainly by slashing costs and capping their employees' pay. That was clear from revised government figures released Wednesday that provided further evidence that a tentative economic recovery has begun, while also reinforcing nagging concerns.
Meltdown 101: Booming productivity little comfort to workers losing jobs in severe recessionAugust 11th, 2009 Meltdown 101: Productivity boom mixed blessingWASHINGTON — Productivity, the key ingredient needed for rising living standards, made a huge jump in the spring. In the worst recession in generations, that gain was a decidedly mixed blessing.
Stocks extend slide as wholesale inventories fall by wider margin than expected; sales riseAugust 11th, 2009 Stocks slide after wholesale inventories fallNEW YORK — Traders are turning cautious about the prospects for the economy. Stocks skidded Tuesday as the Federal Reserve began a two-day meeting that could provide new insight into how the economy is faring.
Shares in UK recruitment company Spring surge after it agrees to Adecco takeoverAugust 11th, 2009 Spring shares surge on Adecco dealLONDON — Shares in Spring Group PLC, Britain's largest recruiter of technology workers, surged 17 percent on Tuesday after it agreed to a 107 million pound ($176 million) takeover by Swiss company Adecco SA. Adecco, the world's largest supplier of temporary workers, will pay about 62 pence in cash for each Spring share, the two companies said in a joint statement.
Productivity surges in 2nd quarter at fastest rate in almost 6 years while labor costs plungeAugust 11th, 2009 Productivity rises in 2Q while labor costs plungeWASHINGTON — Productivity surged in the spring by the largest amount in almost six years while labor costs plunged at the fastest pace in nine years. The results point to a recession losing steam, but they do not bode well for the unemployed or those forced to work shorter weeks who were hoping for more hours.
Stock futures little changed as Federal Reserve begins meeting; productivity surgesAugust 11th, 2009 Stock futures little changed ahead of Fed meetingNEW YORK — Stock futures are little changed Tuesday as the Federal Reserve begins a two-day meeting that could provide new signs into how the economy is faring. A new report showing industrial production surged in the second quarter had little effect on futures trading.
Productivity increases more than expected in 1st-qtr, as layoffs rise faster than output fallsJune 4th, 2009 Productivity increases more than expected in 1QWASHINGTON — U.S. workers were more productive in the first quarter than previously estimated, the government said Thursday, as rapid layoffs meant companies were forced to make do with fewer employees.
Productivity rebounds in first quarter while wage pressures ease as recession deepensMay 8th, 2009 Productivity rebounds while wage pressures easeWASHINGTON — The government says productivity rebounded in the first three months of this year while wage pressures eased, both outcomes reflecting the country's deep recession. The Labor Department said Thursday that productivity, the key ingredient to rising living standards, grew at a 0.8 percent annual rate in the January-March quarter, slightly better than the 0.6 percent increase that economists had expected.
'Meetings on the Move' spark workplace productivity, fights obesityApril 12th, 2009 WASHINGTON - For those wondering how to improve their employees' productivity, 'Meetings on Move' concept might do the needful. Researchers from Washington University in St.
Life's a picnic for Obama and Hillary ClintonApril 11th, 2009 WASHINGTON - It was reportedly Secretary of State Hillary Clinton's idea to hold her afternoon meeting with President Barack Obama outside. Fierce campaign rivals just a year ago, Obama and Clinton were the picture of political bliss earlier this week when they ditched the Oval Office for a little quality time in the White House garden, reports the New York Daily News.
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