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2010/10/29

Business News for Friday October 29, 2010

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Japan jobless rate dips to 5.0 percent

TOKYO (UPI) -- The unemployment rate edged down to 5.0 percent in Japan in September, the government said Friday.

The latest figure was an improvement from 5.1 percent in August. It is the third straight month Japan's employment picture has improved, Kyodo News reported.

Employment picked up in the manufacturing, medical and welfare sectors, the government said.

A government official said despite the downward trend in unemployment, the economy has been slowing ...

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Google in France agrees to ad rule changes

PARIS (UPI) -- French regulators said Thursday U.S. Internet giant Google will alter its policies on blocking advertising to settle a speed-trap mapping service's complaint.

Google, based in Menlo Park, Calif., previously refused to sell sponsored links to French company NavX, which has a mapping service that pinpoints the location of speed traps on French roads, The New York Times reported.

Google based its decision on the point that devices that detect police radar are ...

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British executive pay expected to surge

LONDON (UPI) -- Pay among Britain's top executives is set to rise sharply this year, opening executives up to a new wave of criticism, the editor of an income report said.

"It seems the days of earnings restraint by FTSE directors were short-lived," said Steve Tatton, editor of the IDS Directors' Pay Report, referring to companies listed on London's FTSE 100 stock index.

"It stands in contrast to the Coalition Government's concern about new fairness and calls for senior ...

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GM, Chrysler, plug in investments, jobs

DETROIT (UPI) -- Chrysler LLC and General Motors Co. confirmed they would invest hundreds of millions of dollars in Illinois and Michigan in anticipation of recovering sales.

Chrysler said Thursday it would spend $600 million to add a 638,000 square-foot body shop at its Belvidere, Ill., Assembly Plant.

Work on the expansion should be completed in 2011 to have the upgrades available for work on 2012 model cars, Chrysler said.

In the statement, Chrysler did not ...

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U.S. markets mixed Thursday
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