US businesses added fewer jobs than expected in June, the strongest evidence yet that the Federal Reserve is succeeding in its campaign to keep the economy from overheating. Businesses added 206,000 jobs last month after cutting 165,000 positions in May, the Labor Department reported Friday. Many economists said the report increases the odds that the Fed will leave interest rates unchanged at its Aug. 22 meeting, just as it did at its June meeting.
A company that provides nutritional supplements and its owner were each ordered to pay $2.3 million for conspiring to hide the use of ingredients in a dietary product. US district Judge Walker Miller in Denver also gave a 21-month prison sentence to James Cameron, who pleaded guilty in January to charges related to Nature's Nutrition Formula One. The product contained a chemical stimulant that the Food and Drug Administration said could be harmful. Cameron's Chemins Company Inc., based in Colorado Springs, Colo., supplies items to about 250 private-label firms.
(c) Copyright 2000. The Christian Science Publishing Society