Business News

U.S. worker productivity fell 3.1% in the opening months of 2015, underscoring an economic soft patch marked by weak business investment and disappointing wage gains.  The US added 280,000 jobs in May, and the unemployment rate rose slightly to 5.5%    (WSJ)

Up to nine more banks are in line for the next round of billion-dollar payments related to mortgages during the financial crisis.  The Justice Department and state officials, which already have reaped almost $37 billion from the largest U.S. banks, are now targeting additional U.S. and European banks. Settlements with Goldman Sachs  and Morgan Stanley could be finalized as early as later this month.  Fines are expected to reach as high as $3bn each.  (WSJ)

Yet another huge data theft.  The federal government is notifying approximately 4 million employees who have had their personally identifiable information stolen during a massive data breach at the Office of Personnel Management.  Early indications are that Chinese hackers are behind the attack.  (CNBC)


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