ADP, payrolls
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Automatic Data Processing secured new credit facilities totaling $9.2b. The package includes a 364 day revolving credit agreement and a five year revolving credit agreement. These facilities replace the company’s previous credit arrangements.
Hiring by American businesses slowed markedly in January, private payroll firm ADP said on Wednesday. The firm’s monthly survey showed 107,000 jobs were added, well below the 145,000 estimate. December’s gain was revised down to 158,000 from 164,000 ...
