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Economy News
 AP - Tue Aug 19, 1:26 PM ET WASHINGTON - Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday.  AP - Tue Aug 19, 9:13 AM ET WASHINGTON - Construction of homes and apartments fell in July to the lowest level in more than 17 years, the government reported Tuesday. AP - Fri Aug 15, 9:15 AM ET WASHINGTON - July industrial output rose by a better-than-expected 0.2 percent, utilities output falls. Stock Markets News  AP - 3 minutes ago NEW YORK - Stocks are up modestly after an upbeat profit report from Hewlett-Packard Co. offered investors some reassurance about the economy.  Reuters - 1 hour, 33 minutes ago NEW YORK (Reuters) - Stock index futures rose on Wednesday as news of a solid quarterly profit and outlook from Hewlett-Packard , the world's largest computer maker, helped investors battle fears about the credit crisis.  AFP - 2 hours, 28 minutes ago LONDON (AFP) - London shares enjoyed modest recoveries early Wednesday as share-price gains for heavyweight mining and energy groups help to lift indices that dived a day earlier. Earnings News  AP - 1 hour, 15 minutes ago NEW YORK - BJ's Wholesale Club Inc. reported on Wednesday that its profit edged up in the second-quarter and raised its full-year earnings forecast as frugal shoppers look for deals at discounters. Reuters - 1 hour, 57 minutes ago NEW YORK (Reuters) - BJ's Wholesale Club Inc said on Wednesday quarterly profit rose as shoppers headed to its stores in search of low prices on food and fuel, and the No. 3 U.S. warehouse club operator raised its full-year profit forecast. Reuters - 2 hours, 19 minutes ago NEW YORK (Reuters) - BJ's Wholesale Club Inc said on Wednesday its quarterly profit rose as shoppers headed to the No. 3 U.S. warehouse club operator in search of low prices on food and fuel. Industries  AP - Wed Aug 20, 5:25 AM ET TOKYO - The soaring cost of steel has Toyota considering raising prices in Japan without a model makeover for the first time in three decades, the Japanese automaker said Wednesday.  AP - Wed Aug 20, 5:22 AM ET DEARBORN, Mich. - As Ford Motor Co. faces perhaps the most difficult period in its 105-year history, the company is trying to boost employee confidence by showing them — and letting them drive — the vehicles it hopes will pull the storied automaker out of the financial basement. AP - Mon Aug 18, 5:24 PM ET WASHINGTON - Federal regulators are working on a stronger label for a widely used diabetes drug marketed by Amylin Pharmaceuticals Inc. and Eli Lilly & Co. as deaths continue to be reported despite earlier government warnings. Opinion
BusinessWeek Online - 1 hour, 29 minutes ago Jazmin Zavala, an office cleaner in King of Prussia, Pa., a Philadelphia suburb, expected a regular shift when she reported to work July 31. But her day turned to worry when her employer, ABM Industries , called a mandatory employee meeting at 4:30 p.m., the time workers usually collect their checks. BusinessWeek Online - 1 hour, 29 minutes ago The sports industry in the U.S. is a $200-billion-plus powerhouse, with superstar athletes, lucrative endorsement deals, and all the free press an ego can handle. But if you're not the rare athlete who can hit a 93-mph fastball or sink a 15-foot jumper, how are you supposed to cash in on such a lucrative business? BusinessWeek Online - Tue Aug 19, 8:08 AM ET A heated discussion is taking place in the economic blogsphere over the rival tax plans of Presidential candidates Barack Obama and John McCain. Of course, the battle of rival tax blueprints has been in force ever since the two hopefuls sewed up their respective nominations, but a new round of fighting recently erupted. A number of important points have been made. But the fiscal policy dispute, while informative and fascinating, has focused too much on tax regimes and not enough on the real challenge: health care. ... Most Popular Business News  AP - Wed Aug 20, 5:21 AM ET WASHINGTON - Four small sport utility vehicles received top scores in crash tests to be released Wednesday by the insurance industry, a sign of improvement compared with SUVs built earlier in the decade.  Reuters - Tue Aug 19, 5:59 PM ET SINGAPORE (Reuters) - The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday.  Reuters - Wed Aug 20, 2:10 AM ET SAN FRANCISCO (Reuters) - EBay Inc is cutting the fees U.S. sellers on its site pay for fixed-price items, in one of the company's boldest moves this year to boost merchandise for sale, lure new buyers and take on competitors. Powered by: Yahoo! News | Business |
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