Productivity over the past six months fell by the most in more than two decades, leading to increases in U.S. labor costs that threaten corporate profits.
WASHINGTON (Reuters) - U.S. private employers in April hired the fewest number of workers in more than a year, further diminishing hopes of a strong rebound in economic growth after the first-quarter slump.
(Corrects to fix fourth bullet). * Private employers add fewest jobs since Jan 2014. * MoneyGram and Synageva soar on buyout offers.
The Federal Aviation Administration announced Wednesday it will begin studying commercial drones flying over urban areas and farther than the pilot can see, part of an effort the industry welcomes as more hospitable to remote-controlled flight.
Acquiring Salesforce.com Inc. wouldn't just cost a fortune - it also would dent the profits of any buyer. A takeover of the $49 billion software provider would damage earnings for companies from Microsoft Corp.