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Amazon says it will create 100,000 full-time jobs in U.S. by 2018

AmazonAmazon will create 100,000 full-time jobs in the United States with full benefits over the next 18 months, the tech giant announced in a statement Thursday.

The company says the positions are for workers across the country and across all skill and experience levels. Most of the positions will be at fulfillment centers, including new ones under construction in California, Florida, New Jersey and Texas.

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Jobless claims fall to near 43-year low

Jobless claims at 43 year lowThe number of Americans filing for unemployment benefits fell to near a 43 year-low last week, pointing to further tightening in the labor market.

Initial claims for state unemployment benefits dropped 28,000 to a seasonally adjusted 235,000 for the week ended Dec. 31, the Labor Department said on Thursday. That was close to the 233,000 touched in mid-November, which was the lowest level since November 1973.

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Macy's cutting 6,200 jobs, closing 68 stores

Macy's cutting 6,200 jobsAfter seeing sales drop during the holidays, Macy's said Wednesday it has either closed or will shutter 68 stores and cut an additional 6,200 positions at a time when shoppers are going online to buy everything from scarves to lipstick.

Of the 68 stores out of 730 in total, nine closings had been previously announced and three locations have already shut down. But the retail giant revealed the locations of the remaining 59 stores, which will be shuttered by the middle of this year and affect 3,900 employees, some of whom may be offered jobs at other locations.

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Ford cancels Mexico plant; plans to add around 700 jobs in Michigan

Ford cancels Mexico plantFord is reportedly canceling its plans to build a new facility in Mexico, according to CNN

Instead, Ford said it plans to invest $700 million in Michigan, creating 700 new U.S. jobs.

According to Ford CEO Mark Fields, the decision was a “vote of confidence” in the type of pro-business environment he believes President-elect Trump is creating.

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Trump's Carrier Victory Is the Economy's Loss

Trump carrier dealDonald Trump has scored a political victory by persuading Carrier Corp., a maker of air-conditioning and heating equipment, to keep about 1,000 jobs in the U.S. For that he deserves congratulations -- and a warning not to do this kind of thing again.

There is a long (if not always honorable) tradition of mayors, governors and even presidents pleading with or browbeating corporate executives for one reason or another. But using the power of the presidency to micromanage companies is an awful idea. The free market works in part because it relies on millions of individual enterprises to decide how best to employ their resources. The government's role is to protect their right to do so, and to intervene only in those cases where the market fails -- when misaligned incentives lead to environmental damage, for example, or financial instability.

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Carrier agrees to keep 1,000 jobs in Indianapolis

Carrier

Carrier Corp. is staying in Indianapolis after all.

Nearly nine months after announcing it would relocate its Indianapolis operations to Mexico, Carrier has reached an agreement with the incoming Trump administration to keep 1,000 jobs in the city. The company confirmed its plan on Twitter.

President-elect Donald Trump and Vice President-elect Mike Pence are scheduled to be in Indianapolis Thursday for a formal announcement, according to a transition official. Another source, who is familiar with the plan, said state incentives are part of the deal.

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Wells Fargo faces new restrictions from banking regulator

Wells Fargo A federal banking regulator has imposed tighter restrictions to Wells Fargo & Co.'s settlement regarding the company's fraudulent account sales scandal.

The Office of the Comptroller of the Currency released a statement announcing the bank will be required to seek permission before changing business plans, directors and senior executive officers and will be banned from offering "golden parachute" payments to departing employees.

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