Friday, August 1, 2014
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U.S. payrolls grew by 209,000 jobs in July - less than expected, but still enough to begin to erase the jobs deficit created by the recession, the U.S. Labor Department reported Friday.
U.S. employers extended their hiring surge into July by adding a solid 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recovery.
U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year.
U.S. construction spending fell in June by the largest amount in more than three years as housing, non-residential construction and government spending all weakened.
CINCINNATI (AP) - Procter & Gamble is about to shrink.
The Street: Here are 10 vehicles, with starting prices below $18,000, that will cost their buyers less than $27,000 to own over the next five years, according to Cars.com.
The Street: An apparent glitch in the Affordable Care Act championed by President Obama could put women's health at needlessly greater risk by providing couples with a financial incentive to choose tubal ligation over vasectomy.
The Street: At Stockpickr, we track the top holdings of a variety of high-profile investors, such as George Soros and Carl Icahn. It should come as no surprise that the most popular of these portfolios is that of renowned investor Warren Buffett, CEO of Berkshire Hathaway and one of the richest people in the world.
As General Motors tackles a safety crisis, a look its numbers from June show just how intent the company is on keeping new-car sales on the rise during a record spate of safety recalls.
A Greek-owned cargo ship has been anchored in the Delaware River for nearly 16 weeks, with 20 crew on board, caught in a quagmire between U.S. Coast Guard demands for operational repairs, and an owner who has not paid bills incurred since April.
A bankruptcy judge on Wednesday approved a bonus plan that could pay a total of $1.75 million to executives of the Revel casino and hotel, which is scheduled for auction next week.
NEW YORK (AP) - Shares of Mobileye are soaring on the Israeli car technology company's first day of public trading amid strong investor demand.
WASHINGTON (AP) - A measure of U.S. consumer confidence slipped in July although it remained at levels signaling further gains in consumer spending.
NEW YORK (AP) - Hewlett-Packard Co. has agreed to pay $32.5 million to settle allegations it overcharged the U.S. Postal Service for products over more than eight years.
DETROIT (AP) - General Motors says its U.S. sales rose 9.4 percent last month, making it the best July since 2007.
BERLIN (AP) - Yahoo says it has filed a complaint to Germany's highest court against a year-old law that broadened copyright protection for news material used on the Internet.
NEW YORK (AP) - Chevron Corp. earnings rose 5.6 percent in the second quarter on asset sales and higher global oil prices, though oil and gas production slipped slightly.
WASHINGTON (AP) - Citigroup Inc. says it's been told by the Securities and Exchange Commission that the agency has completed its investigation of the bank's conduct regarding mortgage bonds and won't bring further enforcement action.
Hyundai is recalling more than 419,000 cars and SUVs to fix suspension, brake and oil leak problems.
PhillyDeals: Despite his past record as the Federal Reserve's worst economic forecaster, Charles I. Plosser, president of the Federal Reserve Bank of Philadelphia, is trying to serve as the conscience of what he believes to be a wandering, inconstant Federal Reserve Board of Governors.
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