Half the drop in the labor force can be explained by retirements, a White House economic report concludes. And the other half of missing workers may yet be lured back, but only with better policies.
Treasury Secretary Jacob Lew has signaled his intention to push for legislation shutting down "corporate inversions," techniques used commonly by companies to dodge the corporate income tax.
Delphi, the company that made the defective ignition switch in General Motors vehicles, has stayed out of the harsh glare in the recall scandal. But that changed Thursday, as Delphi's CEO joined GM CEO Mary Barra and GM's top lawyer for a grilling on Capitol Hill.
Microsoft plans to eliminate as many as 18,000 jobs over the next year — about 14 percent of its global workforce. The cuts would be the largest in the company's history. Microsoft recently acquired Nokia's mobile phone business, which boosted its head count by 25,000 and most of the cuts will be in that area.
Rodney O'Neal, CEO of Delphi Automotive, says the ignition switch was redesigned according to GM specifications. GM CEO Mary Barra acknowledged "It's our responsibility."
A weird crowdfunded campaign — like Zack Brown's potato salad gambit — might be the new Pet Rock.
In the largest layoff in the company's history, it's stripping 14 percent of its workforce. CEO Satya Nadella says it's part of a plan to make the 39-year-old company more agile and productive.
The tax was imposed on about 350 of the nation's top polluters under the country's previous center-left government.
A large layoff is under way at Microsoft, as the technology company says it will cut 13,000 jobs in the next six months. All but 500 of those layoffs are related to the Nokia phone division.
The cabbies are trying to win back customers lost to ride service companies like Uber and Lyft, whose customers rate their drivers.
That's because President Obama announced sanctions against Russian companies in finance, defense and energy. Sanctions had focused on individuals who play a role in Russian business and government.
Renee Montagne talks to David Wessel of the Brookings Institution about corporate income taxes. Many businesses, analysts and politicians argue the U.S. system is broken.
Treasury Secretary Jack Lew is asking U.S. companies to show their patriotism by resisting the temptation to reduce their tax bill by moving abroad. He was interviewed by CNBC on Wednesday.
The electric car company Tesla recently announced it was putting its patents in the public domain. Our Planet Money team looks at what would happen if we got rid of patents all together.
President Obama has proposed allowing states to collect tolls on interstate highways as a way of raising funds to pay for reconstructing those roads. Most of the interstate system is toll free.
Americans wager nearly $60 billion a year on lotteries. Revenues help states, which use the money to provide services. But researchers say the games often draw low-income gamblers who are on welfare.
The Obama administration announced new sanctions Wednesday that go well beyond any previously imposed in its dispute with Russia over Ukraine. It's not clear whether Europeans will match them.
Ever try shopping on your smartphone and decide you don't want to put in your credit card number? Visa says it's a big problem and came up with a tool that combines improved security and convenience.
Time Warner has rejected a buyout offer, reportedly as high as $80 billion, from Rupert Murdoch's 21st Century Fox. A deal between the two companies would create a media powerhouse — and a thicket of challenges for anti-trust regulators.
The man whose frustrating call to Comcast went viral says the customer service rep should not be fired. Ryan Block says the problem he encountered is far more systemic than one person.