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Thursday, August 15, 2013

Business Today: U.S. weekly jobless claims fall to near six-year low

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08/15/2013
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U.S. weekly jobless claims fall to near six-year low
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell to a near six-year low last week, hinting at a pick-up in job growth in early August.
Wal-Mart sales disappoint as consumers curb spending
(Reuters) - Wal-Mart Stores Inc posted disappointing quarterly U.S. sales on Thursday as shoppers pinched by higher payroll taxes and gas prices made fewer trips to its stores, and the discount retailer lowered its revenue and profit forecasts for the year.
U.S. consumer prices rise as expected in July
WASHINGTON (Reuters) - U.S. consumer prices rose as expected in July, which could comfort Federal Reserve officials worried about low inflation as they weigh trimming their massive bond buying program.
Berkshire Hathaway takes positions in Dish, Suncor
(Reuters) - Warren Buffett's Berkshire Hathaway Inc took new positions in Canada's Suncor Energy Inc and U.S. satellite TV company Dish Network Corp in the second quarter, a regulatory filing showed on Thursday.
Stock futures slip as Fed uncertainty lingers
NEW YORK (Reuters) - Stock index futures fell on Thursday on continued uncertainty over when, and how quickly, the Federal Reserve will begin to wind down its program to stimulate the world's largest economy.
Kohl's profit forecast misses Wall Street estimates
(Reuters) - Department store chain Kohl's Corp forecast current-quarter earnings below analysts' estimates after reporting a 4 percent drop in second-quarter profit.
HKEx CEO says close to picking new LME chief
HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd (HKEx) is close to picking a new CEO for the London Metal Exchange and will make an announcement in due course, Chief Executive Charles Li said on Thursday.
BP's tough talk will backfire, Gulf spill lawyer says
LONDON (Reuters) - BP's hard-line legal tactics aimed at capping the financial blowout from the 2010 Gulf of Mexico oil disaster will backfire, according to Joe Rice, negotiator of last year's settlement on behalf of over 100,000 compensation claimants.
Germany poised to overtake U.S. as world's No.2 exporter this year: DIHK
BERLIN (Reuters) - Germany could overtake the United States to become the world's second-biggest exporter this year, but its share of global trade is likely to dip as its exports lag global expansion, German chambers of commerce said on Thursday.
Ford Europe sees no quick end to price war
FRANKFURT/DETROIT (Reuters) - Europe's car market may have finally stopped shrinking, but a manufacturers' price war will not let up until sales increase significantly, a senior Ford executive said.
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U.S. weekly jobless claims fall to near six-year low
U.S. consumer prices rise as expected in July
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