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Almost all U.S. metropolitan areas will see job growth in 2012, but for many areas it will still take years for employment to return to pre-recession levels, according to a report released on Wednesday by the U.S. Conference of Mayors.
All but three U.S. metro areas will have job gains this year, led by expected […]

NEW YORK • The nation’s largest retail trade group expects a solid 3.4 percent increase in sales this year, below last year’s 4.7 percent increase as job woes weigh on shoppers.
Sales should reach $2.53 trillion this year, up from last year’s $2.45 trillion, boosted in part by higher prices across all goods, according to a […]

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Of the 1,600 job cuts announced earlier this month by Morgan Stanley, 580 will be at its home base in New York.
The relentless tug of the dismal economy is hitting employees in the banking sector hard, and it’s no surprise that many of the job cuts are hitting the epicenter of the financial industry. Citigroup, […]

A closely-watched survey shows German investor sentiment grew in December, ending a nine-month downward trend.
However, the rise was not as big as expected as Europe’s raging debt crisis weighs heavily on the continent’s largest economy.
The ZEW investor sentiment index for December released Tuesday was up 1.4 points to minus 53.8 points overall. Analysts had forecast […]

The president of the European Council says a new treaty will include 17 euro states plus 6 other EU states _ but not all 27 EU members.
Herman Van Rompuy, president of the European Council, said the countries would provide up to euro200 billion ($268 billion) in extra resources to the International Monetary fund.
French President Nicolas […]

Citigroup says it is cutting 4,500 jobs over the next few quarters.
CEO Vikram Pandit said the job cuts are part of the New York bank’s efforts to reduce costs. Pandit made the remarks Tuesday at a financial services conference hosted by Goldman Sachs & Co.
Citigroup Inc.’s fourth-quarter results will include $400 million in expenses related […]

The leaders of France and Germany will meet next week and plan to push for fundamental changes to the European treaty governing the currency shared by 17 nations, President Nicolas Sarkozy said Thursday.
Sarkozy said in a speech in the southern port city of Toulon that during their meeting in Paris on Monday he and German […]

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