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Second-quarter retail sales show slower economic growth

Consumer spending and retail sales ended the second quarter on a soft note, indicating that economic growth is weaker than expected. According to the National Retail Federation, a retail trade association, June sales increased 0.6 percent from May and 3 percent from the previous year. “Consumers remain wary,” NRF President and CEO Matthew Shay. “Even… Continue Reading Second-quarter retail sales show slower economic growth

Oil prices are mixed as investors weigh strong U.S. corporate earnings with ongoing concern about European debt. Benchmark U.S. crude rose Tuesday by 56 cents to $103.67 per barrel in New York. Brent crude, which is used to price international crudes, fell by 42 cents to $118.29 per barrel in London. Europe continues to be… Continue Reading Oil prices mixed; gasoline lower than a year ago

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Work place deaths lower in 2010

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Eighty people died in work place injuries last year, a slight drop from 2009, reports the Bureau of labor Statistics. It’s the second lower total of deaths since the BLS started collecting data, nearly two decades ago. Nationwide, more than 4,500 people died at work, about the same level as in 2009. However, those totals… Continue Reading Work place deaths lower in 2010

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Stocks lower but selling pressure eases

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Global stocks fell again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe’s debt crisis, which is stoking acute fears over the continent’s banking sector. However, smaller than anticipated losses on Wall Street helped European markets recoup a large chunk of their earlier losses by the close. In Europe, Britain’s… Continue Reading Stocks lower but selling pressure eases

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