BC-Business News Digest
WASHINGTON â¿¿ A survey shows U.S. companies added fewer jobs in March compared with the previous month, as construction firms held off on hiring after three months of solid gains. By Economics Writer Christopher S. Rugaber.
WASHINGTON â¿¿ Defense Secretary Chuck Hagel is warning of sharply deeper cuts to personnel, health care and weapons systems across his department, in order to put the brakes on spiraling costs and reshape the military for leaner budgets and new challenges. By Lolita C. Baldor.EX-GOLDMAN TRADER NEW YORK â¿¿ A former Goldman Sachs trader pleaded guilty to wire fraud , admitting that an $8 billion position on a futures contract that cost the company $118 million was 10 times what he was allowed. By Larry Neumeister. â¿¿ IMMIGRATION-FARM WORKERS â¿¿ Sweeping immigration legislation taking shape in the Senate will aim to overhaul the nation's agriculture worker program to create a steady supply of labor for farmers and growers, who rely more than any other industry on workers who have come to the country illegally. â¿¿ IMMIGRATION-FAMILIES â¿¿ Religious and labor leaders are criticizing plans by senators writing an immigration bill to boost employment-based immigration and limit visas granted to people because of family ties. INDUSTRY: BOEING 787-TESTING Boeing says it has finished more than half of the testing on its proposed battery fix for the 787, with the rest of the ground and flight tests coming in the next several days. By Business Writer Joshua Freed. â¿¿EARNS-MONSANTO â¿¿ Monsanto says its net income increased 22 percent in the second quarter on strong sales of its biotech seeds. AP photo. â¿¿ DETROIT ELECTRIC-SPORTS CAR, HFR â¿¿ Detroit Electric returns to market with $135,000 limited-edition electric sports car. Eds: hold for release until 8:30 p.m. EDT. â¿¿ LULULEMON-SEE-THROUGH PANTS â¿¿ Lululemon chief product officer leaving, as company updates yoga pants production problems.
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