Nation's layoffs rise in October

Reuters: "The number of planned layoffs at U.S. firms rose 13.5 percent in October on cuts in the pharmaceutical and financial sectors, a report on Wednesday showed. Employers announced 45,730 layoffs last month, up from 40,289 in September, according to the report from consultants Challenger, Gray & Christmas Inc."

 

Wells Fargo said to face U.S. mortgage-bond probe

Bloomberg: "Wells Fargo & Co. is among firms facing federal scrutiny of mortgage-bond sales under a 1989 law the government is using to extend probes of banks' roles in the credit crisis. U.S. attorneys in San Francisco have been examining Wells Fargo, the nation's largest mortgage lender, for more than a year, said a source, who asked not to be named because the inquiry isn't public. Authorities are investigating whether the firm violated the Financial Institution Reform and Recovery Act."

 

Starbucks to hire 10,000 veterans and military spouses

CNNMoney: "Starbucks is the latest big company to announce an aggressive push to hire veterans returning to the civilian work force. The Seattle-based coffee chain said on Wednesday that it will hire 10,000 veterans and military spouses over the next five years."