April Jobs Slower Growth Sparks Doubts Of Recovery
The United States added 115,000 jobs in April, well below expectations and the weakest since October, as the unemployment rate fell to 8.1 percent for the wrong reason with workers leaving the labor force. Analysts warn momentum is fading, stocks slide, and oil prices drop amid fears of a faltering recovery.
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Koch Family Donation Funds Smithsonian Dinosaur Hall
David H. Koch of Koch Industries pledges a record 35 million dollars to the Smithsonian's National Museum of Natural History for a new dinosaur hall on the National Mall. The gift, the largest in the museum's 102 year history, will name the hall in his honor and follows prior Koch gifts to science and education.
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Hawker Beechcraft files for bankruptcy protection
Wichita based Hawker Beechcraft seeks court approval for a plan to erase about 2.5 billion dollars in debt and cut around 125 million dollars in annual cash interest. The firm, backed by Onex Partners and GS Capital Partners, faced a weak business jet market after a leveraged purchase near the 2008 peak.
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