Employment growth is slow and unsteady at most small firms, with the median small business adding fewer than one full-time position a year, despite the sector’s reputation as the engine of U.S. job growth.
Shares in Pearson plunged more than 30% after the world’s largest education company issued a profit warning for 2018 and said it plans to sell its stake in its Penguin Random House publishing joint venture.
The Obama administration rushed to complete a raft of investigations of big business before relinquishing power, reaching settlements worth around $20 billion in the past week alone with megabanks, auto makers, drug companies and others.
Target warned of weak profits and sales in the critical holiday period as the retail chain struggled to get shoppers to visit its stores and relied on discounting to compete with Amazon.com for online orders.
The Federal Communications Commission’s auction of television airwaves is wrapping up after attracting about $18.2 billion in bids, far less than the last sale of government licenses amid weaker demand.