Knee-jerk reports of the labor market’s sudden ill health are exaggerated. Sure, many fewer jobs than expected – 142,000 – were created last month as workforce participation fell. But underemployment, long-term joblessness and other metrics are still showing steady improvement.
The U.S. grocer is seeking $2 bln in an IPO. Although it’s larded with $11 bln in debt from a nine-year shopping spree under buyout firm Cerberus, deal-related cost savings make it worth dropping in the trolley for now. Growth for Albertsons, however, probably has an expiry date.
If the carmaker’s workers had been on the lookout for bad news, the scandal over falsifying emissions could have been avoided. But VW’s management was geared for growth. The problem is perennial. The determination that drives business success also sows the seeds of its undoing.
The student loan refinancing startup raised $1 bln this week, and online loan shop Avant pulled in $325 mln. The involvement of smart investors suggests these multibillion-dollar upstarts have room to run. More important, though, is whether they can endure the credit cycle.
The thrifty and hardworking insect is the stuff of fable. It’s also a long way from the truth, according to recent entomological research. Almost half of an ant colony has no obvious employment. It’s time for a new formic fable: communities need a leisure class to be successful.
Big decisions on issues like Obamacare can roil the stocks of winners and losers. Yet fragmented opinions, obscure language and arcane topics make distinguishing between the two surprisingly tough. The top tribunal’s return on Monday may prompt an investor run on legal advice.
U.S. officials haven’t collected employer training information in two decades. It’s one example of a larger problem. Peter Scher, JPMorgan’s head of corporate responsibility, says more public and private funding of data gathering and analysis would help the U.S. economy grow.