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The Commerce Department today released revised gross domestic product figures showing the country's total output of goods and services grew at an annual rate of 1.2 percent from January to March, not 1.3 percent, as announced last month.

Deere & Co. announced plans Thursday to cut 1,250 jobs by offering a voluntary early retirement program, a move the Moline, Ill.-based machinery maker says will save $90 million annually.

Teamsters President James P. Hoffa was nominated for a second term Thursday despite allegations of wrongdoing against his top aide.

Representatives of the 100,000 members of United American Nurses voted unanimously Thursday to affiliate with the AFL-CIO in a quest for better pay and working conditions.

In an effort to drive growth and increase profits, The Estee Lauder Cos. will close 86 of the 170 Tommy Hilfiger fragrance shops it operates in the U.S. and retool its computer systems.

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