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NorthShore HealthSystem to lay off 130 employees 27 Aug 2013 | 09:01 pm
NorthShore University HealthSystem is laying off about 130 people, or 1 percent of its workforce, in a cost-cutting move intended to address uncertainty created by the new health care law. The layoff...
Scicom Data may lay off 118 workers 27 Aug 2013 | 09:00 pm
Minnetonka document-processing company Scicom Data Services could lay off its 118 Twin Cities workers in its sale to Taylor Corp. Scicom warned in a mass layoff notice to the state that all 118 emplo...
FLSmidth lays off 1,100 engineers 27 Aug 2013 | 01:40 am
Engineering group FLSmidth said it will shed 1,100 jobs and lowered its financial forecasts as miners spend less on equipment. FLSmidth reported a surprise 40 percent drop in second-quarter operating...
Electric Boat to lay off up to 500 workers 27 Aug 2013 | 01:39 am
A union that represents workers at Electric Boat says it has been told by the submarine builder to expect between 450 and 500 layoffs over the next few months. Electric Boat had been expecting to pla...
Obama to max out borrowing again in October 27 Aug 2013 | 01:35 am
The U.S. will hit the $16.7 trillion debt ceiling in mid-October, Treasury Secretary Jacob J. Lew said in a letter urging Congress to raise the limit “as soon as possible.” “Extraordinary measures ar...
Business groups upbeat on upcoming immigration bill 25 Aug 2013 | 07:35 pm
Business groups say their grassroots efforts to build support for an immigration overhaul are paying off and making them increasingly optimistic that Congress will complete comprehensive legislation t...
ObamaCare will cost Delta Airlines $100M in 2014 24 Aug 2013 | 06:00 pm
Delta Air Lines has issued an urgent warning about the impact of ObamaCare, claiming the law’s implementation will contribute to a roughly $100 million increase in health care costs next year alone. ...
Sears sales tank, stock dives 23 Aug 2013 | 07:02 pm
Sears’ sales continued to fall last quarter and its loss widened, despite improving results from its frequent shopper program. Sears Holdings on Thursday reported a net loss of $194 million, or $1.83...
Penn West lays off 550 23 Aug 2013 | 07:00 pm
More than 300 head office and field staff have been laid off this week by Penn West Petroleum Ltd. as the former energy trust’s new leadership reins in costs. In a news release late Thursday, the Cal...
Citi Group eliminating 150 jobs 23 Aug 2013 | 06:56 pm
Citi Group announced that it is eliminating about 150 jobs at its Fort Mill site by the end of the year. The company notified the affected employees on Wednesday, a spokeswoman said. Read more: http...
