The unemployment rate in Europe's biggest economy dropped to its lowest level in 16 years in August despite slumping business and consumer confidence, the federal employment office said Thursday.

For the first time in nearly three decades, inflation tops the list of worries for small-business owners, surpassing concerns about taxes, insurance and weak sales.

Lufkin, Angelina County and the rest of Deep East Texas gulped at the closing of Citation's foundry here — a move that will affect nearly 400 people — and exhaled with relief when 1,200 union workers on Thursday approved a new Lufkin Industries contr

Many of this year’s ballot initiatives can be attributed to the battle between unions and business. Yesterday, unions abandoned four of those initiatives. The whole fight began with Governor Ritter’s executive order last year.

Maybe you've never heard of Allen Flavors, but if you're in the beverage business, you know who they are. Allen makes flavors that are blended into the energy drinks, vitamin waters and iced teas that might be chilling in your refrigerator right now.