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US employers posted more jobs in February and quitting fell
WASHINGTON (AP) -- U.S. employers posted more open positions in February, but the number of people getting hired and the number quitting jobs fell. The overall figures suggest that the job market remains healthy, although it has yet to take off during the early stages of the Trump presidency. The Labor Department said Tuesday that job openings rose 2.1 percent in February to a seasonally adjusted 5.7 million. While more employers are seeking workers, hiring fell 2 percent compared to January to 5.3 million. Job openings have increased 3.2 percent over the past 12 months.
Slumping PC market shows a glimmer of hope in 1st quarter
SAN FRANCISCO (AP) -- The long-suffering personal computer market may be finally recovering from the damage inflicted by the shift to smartphones and tablets, according to a report released Tuesday.
PC shipments in the first quarter rose by about 1 percent from last year, based on calculations from the research firm International Data Corp. The modest gain marks the first quarterly increase in five years, a stretch that has seen people increasingly turn to mobile devices for their computing needs.
Online coupon company RetailMeNot bought by Harland Clark
NEW YORK (AP) -- Direct mail and marketing services company Harland Clark Holdings Corp. is buying online coupon company RetailMeNot Inc. Harland Clark is paying $11.60 per share for RetailMeNot, a 50 percent premium on the Austin, Texas-based company's closing stock price of $7.75 on Monday. Given the number of RetailMeNot shares outstanding, the deal is valued at about $560 million. The companies listed the deal's equity value, which includes debt, the value of stock options and convertible securities, at $630 million.
Outages increase as Puerto Rico company crumbles amid crisis
SAN JUAN, Puerto Rico (AP) -- Spoiled food. Damaged appliances. Shuttered businesses. A recent increase in power outages is taking a heavy toll on Puerto Rico as the U.S. territory's heavily indebted public power company struggles to modernize decades-old equipment that is crumbling amid a deep economic crisis. The frequent loss of power, coupled with rising power bills, is spooking potential investors. It has frustrated business owners who complain of lost revenue and forced homeowners to buy new appliances amid unexpected surges.