November private-sector hiring strongest in a year
CNNMoney: Private-sector employers added 215,000 jobs in November. That's the strongest level of hiring in a year, according to payroll processing firm Automatic Data Processing Inc. The ADP jobs report also showed that small businesses, defined as those with fewer than 50 employees, accounted for 102,000 of the new jobs, while large businesses, those with more than 500 employees, added 65,000 positions. Hiring picked up in construction, manufacturing and the financial sector.
Wal-Mart hires lawyers for dozens of executives in bribery probe
Reuters: Wal-Mart Stores Inc. has hired lawyers to represent more than 30 of its executives involved in a foreign corruption investigation, according to people familiar with the matter. The unusually high number of executives shows the depth of the federal probe. The U.S. Department of Justice is investigating whether Wal-Mart paid bribes in Mexico to obtain permits to open new stores there, and whether executives covered up an internal inquiry into the payments. The department is also looking into possible misconduct by the world's largest retailer in Brazil, China and India.
Newsweek plans a return to print
The New York Times: Newsweek, the struggling weekly magazine that ceased print publication last year, plans to turn the presses back on. The magazine expects to begin a 64-page weekly edition in January or February, said Jim Impoco, Newsweek's editor-in-chief. Impoco said in an interview that Newsweek would depend more heavily on subscribers than advertisers to pay its bills, and that readers would pay more than in the past.