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Is Flexibility the Key to Hiring?

Is Flexibility the Key to Hiring?

If you’re in the market to attract top talent for your business, you might want to consider making a flexible work schedule part of the deal. In a poll (conducted by EY) of 1,215 U.S. managers and employees across a wide array of industries, it was discovered that people aged 18-32 rank flexibility among the…

Bankruptcy Lessons To Learn From Detroit’s Challenges

Bankruptcy Lessons To Learn From Detroit’s Challenges

Examining the circumstances that surround the Detroit bankruptcy provides a macro-view of economic decline and recovery. Identifying similarities between the circumstances that led to The Motor City’s economic collapse and a company’s own financial pitfalls, there are specific warning signs that can help businesses either avoid or prepare for an upcoming crisis. This whitepaper looks…

Drug Manufacturer Merck Announces Plans to Cut 8,500 Jobs

Drug Manufacturer Merck Announces Plans to Cut 8,500 Jobs

Strengthening its restructuring plans in an effort to focus more on the company’s commercial and R&D operations, Merck has announced it will cut 8,500 in job cuts worldwide (up from the previously announced 7,500). The total number of job cuts amounts to roughly 20% of the drug manufacturer’s workforce. Merck claims the restructuring efforts will…

U.S. Stocks Gain Despite the Government Shutdown

U.S. Stocks Gain Despite the Government Shutdown

Even amidst the political battle that sparked the first U.S. government shutdown in 17 years, investors seem to be unfazed and stocks are advancing. The Dow Jones Industrial Average gained 63 points in midday trading. The Nasdaq Composite Index also rose 39 points, while the S&P 500 witnessed a 13 point increase of its own….

JPMorgan Chase Could Be Forced to Pay Billions

JPMorgan Chase Could Be Forced to Pay Billions

United States officials are seeking $6 billion from JPMorgan Chase, the biggest U.S. bank by assets. All that money would go toward settling the claim that the company knowingly sold bad mortgages to Fannie Mae and Freddie Mac prior to the financial crisis. The settlement would go down as the single biggest penalty paid by…

Department of Justice Moves to Block AMR-US Airways Merger

Department of Justice Moves to Block AMR-US Airways Merger

In an unexpected move, the Department of Justice is attempting to block the merger of American Airlines parent AMR Corp. and US Airways Group Inc. Now, not only has the final step in consolidation been threatened, but it could prove to be a major setback in AMR’s plan to escape bankruptcy. The suit focuses on…

BP Requests Injunction Due to Accusations of Fraud

BP Requests Injunction Due to Accusations of Fraud

Renewing its request to a federal judge, BP is looking for an injunction that would temporarily stop millions of dollars in claims payments until an investigation into any potential wrongdoing has been issued and completed. The company asserts that the claims program is allowing improper payments of claims to both individuals and businesses that weren’t…

Print Media Will Keep Risking Failure without Reformation

Print Media Will Keep Risking Failure without Reformation

Over the years, the turmoil in the print industry has been increasingly more obvious. It’s become even more evident with the recent sales of notable printing companies. Jeffrey P. Bezos has purchased The Washington Post for $250 million, which was once worth several billion dollars. The Boston Globe, a paper that was acquired by The…

Detroit’s Downward Spiral Results in Bankruptcy

Detroit’s Downward Spiral Results in Bankruptcy

Once known as “The Motor City” and hub of American manufacturing, Detroit’s continuing economic failure was finally pushed to its breaking point. In an effort to get the city out from under roughly $18 to $20 billion in liability, owed to approximately 100,000 creditors, Detroit has made the Chapter 9 filing in what is sure…

A Revised Wall Street Forecast Predicts a Profitable Future

A Revised Wall Street Forecast Predicts a Profitable Future

The Wall Street experts paid to figure out when things will cave could only stand there and wave as the bull market flew right past them. In less than five months, the S&P 500-stock index is up 200 points, reaching the level Goldman Sachs (GS) analysts had predicted for the end of the year. And they…

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