McCain among lawmakers backing extended jobless benefits
The House weighs extending unemployment benefits by 13 weeks as the national rate edges higher to 5.5 percent. Republicans show support, aiming to aid over 1 million receiving benefits and 3 million more in coming months, despite anticipated veto hurdles.
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Firms work overtime to keep workers happy
Chicago firms combat a slowing economy by boosting morale and flexibility. Instant Technology LLC uses a Tuesday Night Supper Club to sustain hiring momentum while managers expand pay and job security efforts. The approach mirrors broader tactics at Home Run Inn and Diamond Management.
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H.J. Heinz II
Carnegie Mellon University
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Trade deficit climbs to record April level
The trade deficit hits an all time high in April as the average per barrel price rises to 96.81 dollars, marking the largest monthly gap between imports and exports on record.
Ford offers Tracinda a billion shares
Kerkorian’s Tracinda Corp offered to buy up to 20 million Ford shares. About 2 percent of the offered shares would change hands, with sellers receiving 39 percent more than their shares were worth at Tuesday’s close. Kerkorian would own about 5.3 percent of Ford’s outstanding common stock.
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Kerkorian
Tracinda Corp
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