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Jobless claims fall more than expected
Washington, D.C. -- A report released Thursday by the Labor Department said that U.S. claims for initial jobless benefits last week posted their biggest decline in nearly a year.
The drop erased the holiday-related spike, and illustrated that a healthier labor market remains intact.
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Kohl’s and First Data team on private brand credit-card processing
Atlanta -- First Data Corp. said Thursday that it has entered into an agreement with Kohl’s Department Stores to provide payment processing services for the company’s private brand credit-card accounts.
The multi-year agreement calls for First Data to provide Kohl’s with credit-card processing, customer analytics, risk-management services and automated customer service workflow tools.
Financial terms of the agreement were not disclosed.