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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 03, 2015
Page
22
U S claims dropped 20 000 to 268 000 for the week to March 28 the lowest since January signaling a resilient labor market ahead of Fed policy. Separate Commerce data show February trade deficit shrinking to 35 4 billion as imports dip to the lowest since April 2011.
Target will close the last of its 133 Canadian stores by April 12, ending more than two years of losses in Canada. The exits will cut about 17,000 jobs as Target exits the market after facing costly regulations, inventory problems, and price complaints amid Wal Mart’s price competition in Canada.
Toymaker Mattel Inc laid off 107 employees at its El Segundo headquarters spread across corporate functions. The move follows a rough year with a fifth consecutive quarterly sales drop and the resignation of CEO Bryan Stockton, amid loss of key licenses and ongoing brand challenges.
New York Attorney General Schneiderman led a bipartisan letter noting that some herbal supplements contain heavy metals and may cause liver damage in certain women. He urged clarity in ingredient lists and testing, while industry groups defended product safety and cooperation with Congress.
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