Wall Street Dips At Open, Dragged By Lowe's, Target

U.S. stocks dipped slightly at the open on Wednesday following weak earnings forecasts from retailers Lowe's and Target, ahead of the release of minutes from the most recent meeting of the Federal Reserve.

Traders work on the floor of the New York Stock Exchange August 19, 2014.

Staples Beats Estimates On Strong Demand For Breakroom Supplies

Staples Inc (SPLS.O) reported better-than-expected quarterly profit and sales, driven by strong demand for non-core office supplies, such as furniture and breakroom items, from companies in North America.

A family leaves the Staples store in Broomfield, Colorado August 17, 2011 as the back-to-school shopping season begins.

Amid Investor Pressure, PetSmart Says To Explore Sale

PetSmart Inc said on Tuesday it will explore a potential sale of the company, bowing to mounting pressure from several shareholders led by activist investor Jana




Jobs & Career News

Virgin America Airline Flight Attendants Vote To Approve Union

Virgin America airline flight attendants vote to approve union

Flight attendants at Virgin America airline approved representation by the Transport Workers Union of America, with 58 percent voting in favor, the union said on Wednesday, citing a National Mediation Board tally.

Fresh Data Shows U.S. Jobs Market Tightening

Fresh data shows U.S. jobs market tightening

The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth.

Cisco To Cut Another 6,000 Jobs As Forecast Falls Flat

Cisco to cut another 6,000 jobs as forecast falls flat

Cisco Systems Inc (CSCO.O) forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers.

U.S. Job Growth Cools, Unemployment Rate Rises

U.S. job growth cools, unemployment rate rises

U.S. job growth slowed a bit in July and the unemployment rate unexpectedly rose, pointing to slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while.

After Offshore Oil Failure, Cuba Shifts Energy Focus

After offshore oil failure, Cuba shifts energy focus

Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say.

European Stocks Fall Back As Ukraine Tension Grows

European stocks fall back as Ukraine tension grows

European shares fell on Tuesday, throwing a rally in the U.S. and Asia into reverse, and the euro dipped toward nine-month lows against the dollar as reports a Russian aid convoy was heading to Ukraine ratcheted up tension between Kiev and Moscow.

In Tech Hiring Case, A New Player At The Table

In tech hiring case, a new player at the table

It's not often that a judge decides to blow up a settlement worth hundreds of millions of dollars because it is too low, but San Francisco attorney Daniel Girard convinced one Silicon Valley jurist to do exactly that.

Exclusive: Unions Force VW To Axe Consultants In Clash Over Cost Cuts - Sources

Exclusive: Unions force VW to axe consultants in clash over cost cuts - sources

Volkswagen's 5 billion euro ($6.68 billion) cost-savings plan hit a major setback after labor leaders forced management to axe McKinsey, the consultants working out the cuts, three sources with knowledge of the matter told Reuters on Thursday.

Sturdy U.S. Services, Factory Data Boost Growth Picture

Sturdy U.S. services, factory data boost growth picture

U.S. services sector activity hit an 8-1/2 year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.

The Wal-Mart company logo is seen outside a Wal-Mart Stores Inc company distribution center in Bentonville, Arkansas June 6, 2013.

Denver Event Aims To Close Gap In Walmart's 'Made In USA' Push

Wal-Mart Stores Inc, which has pledged to buy an additional $250 billion in U.S.-made goods over the next decade, is hitting a snag as it tries to meet that promise

A woman shops for groceries at a Whole Foods supermarket in New York May 18, 2010.

U.S. Consumer Prices Rise Modestly In July

U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.

A worker labors on a housing project on Mission Street in the South of Market neighborhood in San Francisco, California April 29, 2014.

U.S. Housing Starts, Permits Surge In July

U.S. housing starts and building permits rebounded strongly in July, suggesting the housing market recovery was back on track after stalling in the second half of last year.

Morgan Stanley to pay $4.2 million to settle overtime pay case

Morgan Stanley To Pay $4.2 Million To Settle Overtime Pay Case

Morgan Stanley and sales assistants in its wealth management branch system who claimed they were owed overtime pay agreed to a $4.2 million settlement.

 Cisco to take $700 million in restructuring charges for layoffs

Cisco To Take $700 Million In Restructuring Charges For Layoffs

Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015.

End of the Wirtschaftswunder? Germany's sudden slowdown

End Of The Wirtschaftswunder? Germany's Sudden Slowdown

The German soccer team's romp to victory in last month's World Cup was hailed at home as a symbol of the country's emergence as a confident global economic power.

U.S. retailers feel the pinch as frugal shoppers curb spending

U.S. Retailers Feel The Pinch As Frugal Shoppers Curb Spending

Weak results from the likes of Wal-Mart Stores Inc (WMT.N) and Macy's Inc (M.N) are the latest sign less affluent U.S. consumers are still pinching their pennies and the trend appears to be hurting upmarket retailers as well.

Euro yields, stocks fall on economic setback fear

Euro Yields, Stocks Fall On Economic Setback Fear

Bond yields across the euro zone hit record lows on Thursday and the euro hovered near its weakest in nine months after Germany reported its economy unexpectedly shrank in the second quarter, casting doubt on the region's fragile recovery.

Exclusive: Standard Chartered to scour records for money laundering, with penalty at stake

Exclusive: Standard Chartered To Scour Records For Money Laundering, With Penalty At Stake

Standard Chartered Plc will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance program, two sources with knowledge of the matter said.

Postal Service loses $2 billion in second quarter

Postal Service Loses $2 Billion In Second Quarter

The U.S. Postal Service continued to bleed money during its second quarter, despite an increase in package revenues and an emergency price hike that took effect in January.

Special Report: How scams and shakedowns brought Ukraine to its knees

Special Report: How Scams And Shakedowns Brought Ukraine To Its Knees

Late last year, Ukraine’s consumer protection agency began filing lawsuits against Foxtrot, the country’s largest electronics retailer. By early March, Foxtrot faced at least 231 separate suits that demanded fines totaling more than $150 million.

China posts record trade surplus, but domestic economy may lag

China Posts Record Trade Surplus, But Domestic Economy May Lag

China's buoyant exports pushed its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from a weakening property sector.

 Wall St set to rise on Russia bets

Wall St Set To Rise On Russia Bets

U.S. stocks were set to rise Friday, with futures reversing earlier losses, as optimism over the Ukraine crisis offset concerns over the implications of U.S. air strikes on Iraq.

U.S. chicken farmers latest caught in Russia sanction crosshairs

U.S. Chicken Farmers Latest Caught In Russia Sanction Crosshairs

Russia's threatened ban on U.S. poultry imports, the latest move in a sanctions skirmish over Moscow's support of rebels in Ukraine, has agriculture companies alert to the risks of a conflict that's already roiled trading of crops ranging from soy, beef and fruit to California pistachios.

Armed with new technology, oil drillers revisit Gulf of Mexico

Armed With New Technology, Oil Drillers Revisit Gulf Of Mexico

Advances in drilling technology are reviving the prospects of oil companies in shallow parts of the Gulf of Mexico, helping to squeeze more from older fields while the U.S. shale bonanza lures others onshore.

Will Europe's banking "big bang" loosen lending?

Will Europe's Banking "Big Bang" Loosen Lending?

In the biggest advance in European integration since the launch of the euro in 1999, the European Central Bank will take charge of supervising banks from Helsinki to Lisbon in November after subjecting their books to unprecedented scrutiny.

Argentine debt talks go down to the wire to avert default

Argentine Debt Talks Go Down To The Wire To Avert Default

Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing either to cut a deal by the end of the day with "holdout" investors suing it or to win more time from a U.S. court to reach a settlement.

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