The tentative deal comes just days after the Canadian company announced plans to lay off 40 percent of its global workforce. The offer price is below what BlackBerry was trading at before the layoff announcement.Analysts say that although BlackBerry's hardware business is not worth anything, the company still owns valuable patents.
Alabama Gov. Robert Bentley says two affiliated companies in the automotive supply field will build their first U.S. production facility in Tuscaloosa, creating at least 350 new jobs by 2016. Bentley announced the plans during a Monday morning news conference at the Tuscaloosa River Market in Tuscaloosa.
A worker at a Florida asphalt plant has been rescued after getting stuck in a tank of tar. The Florida Times-Union (http://bit.ly/1aWQ3rW) reports the 45-year-old man was using a steel cutter inside the tank Friday afternoon at Atlantic Coast Asphalt in Jacksonville.
Police said the violence mainly took place in the Gazipur and Savar Industrial zones, just outside the capital of Dhaka. Hundreds of factories that produce clothing for many big global brands, including Wal-Mart and H&M, are located in those two areas.
The company says it will lay off 4,500 employees, or 40 percent of its global workforce, as it tries to slash costs by 50 percent and shift its focus back to competing mainly for the business customers most loyal to its brand.
In 2010, GE announced it planned to spend $93 million to make the Bloomington plant a "center of excellence" for side-by-side refrigerator manufacturing and $68 million for product-line redesigns and other changes. The company said last week it would cut nearly one-third of the factory's jobs because demand has fallen by more than 30 percent since 2010.
Unemployment rose in 18 U.S. states last month as many reported cutting jobs. Weaker hiring across states could add to worries about the tepid job market. The Labor Department says unemployment rates fell in 17 state states and were unchanged in 15. Employers added jobs in 29 states, the fewest since March. And 20 states reported job losses, the most since March.
The Securities and Exchange Commission voted 3-2 Wednesday to propose a rule that would compel companies to report that information publicly. Companies would have to report the ratio between their chief executive's annual compensation and the median, or midpoint, pay of employees.
The number of people seeking U.S. unemployment benefits rose 15,000 last week to a seasonally adjusted 309,000. But the data was distorted for the second straight week by reporting delays. The Labor Department says the level is only slightly above the previous week's 294,000, the lowest in six years.
Struggling smartphone maker BlackBerry could cut its workforce by up to 40 percent by the end of the year, The Wall Street Journal reported Wednesday. Citing unidentified people familiar with the matter, the newspaper said that the Canadian company plans to make the cuts through layoffs that will occur in all of its departments, potentially affecting several thousand people.
A top Democrat in the state House last week alleged that Haslam was trying to use economic incentives to sway Volkswagen against working with the UAW, which said last week that a majority of workers at the plant had signed cards in support of being represented by the union in a German-style works council.
A federal appeals court sided Tuesday with Spirit AeroSystems in a labor dispute stemming from the way the Wichita-based aircraft parts maker evaluates employee performance. The 10th Circuit Court of Appeals found that the district properly refused the union's efforts to compel arbitration over the issue.
Chinese police detained a laborer who approached China's second-richest man to ask for a job and then attacked and injured the company chairman when he denied the request, state media reported Wednesday.Zong Qinghou, chairman of food and beverage giant Hangzhou Wahaha Group, is recovering from injuries to his left hand after Friday's attack.
A paper and packaging company plans to locate a new paper-recycling plant in northwestern Indiana, creating up to 137 new jobs by 2018. The Indiana Economic Development Corp. said Tuesday that Pratt Industries will invest $260 million to build the recycling plant next to its existing box-making plant in Valparaiso.
Gov. Bobby Jindal and Benteler Steel/Tube marked the start of construction Monday with a groundbreaking on the company's new $975 million hot rolling seamless steel tube mill in Caddo Parish. The facility will create more than 1,000 construction jobs and an estimated 675 full-time jobs when the facility is at full production capacity.
Business leaders from Oracle Corp., Ford Motor Co. and The Boeing Co. said Tuesday their companies have found that it makes sense to bring jobs back to the United States — even to smaller cities in places such as Montana.
A labor coalition wants Illinois' pollution control board to waive pollution controls at coal-fired plants being sold by Ameren Corp. The AFL-CIO is making its position known hours before the Illinois Pollution Control Board is set to meet in Springfield on Tuesday.
The gap in employment rates between America's highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago, according to an analysis of government data conducted for The Associated Press.
Older people searching for jobs have long fought back stereotypes that they lack the speed, technology skills and dynamism of younger applicants. But as a wave of baby boomers seeks to stay on the job later in life, some employers are finding older workers are precisely what they need.
President Barack Obama is meeting with union leaders at the White House to discuss labor's growing concerns about the new health care law. Friday's meeting comes after the AFL-CIO approved a resolution this week saying the law could drive up the cost of union-sponsored health plans, encouraging some employers to drop coverage.
A jury has awarded a Maine man $489,000 for injuries he suffered while performing welding work at a trash-to-energy plant. Attorney Peter Clifford says a York County Superior Court jury on Wednesday awarded damages to 48-year-old Joseph Bordeau, from the western Maine town of Mexico.
Saying it needs to balance its workforce, Spirit AeroSystems announced Thursday it will lay off about 150 salaried employees and managers at its Wichita plant while hiring about 400 more factory workers by the end of the year.
Helicopter maker Sikorsky Aircraft Corp. is cutting 200 hourly jobs, blaming reduced spending by the federal government and other countries and rising costs to compete. The subsidiary of United Technologies Corp. said Thursday it is offering eligible union-represented workers a voluntary separation.
Intel, the world's biggest chip maker, announced Thursday that it is closing the Hudson plant because it is using outdated technology to make older generation computer chips that are being phased out. A company spokesman says the plant will close by the end of next year.
The biggest factor is that men dominate construction and manufacturing — industries that have not recovered millions of jobs lost during the downturn. By contrast, women have made up a disproportionate share of workers in those that have been hiring — retail, education, health care, restaurants and hotels.