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U.S. jobless claims jump in warning sign for labour market

The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government...
Jason Lange, Reuters
Posted on 5-16-2013 at 8:50 AM

Andrea Horan, Principal, Agilith Capital

Wal-Mart profit misses Street on weak U.S. sales

Wal-Mart Stores Inc. said on Thursday that this quarter would be challenging and gave a forecast that suggests profit will again miss Wall Street expectations, due in part to costs from its...
Jessica Wohl, Reuters
Posted on 5-16-2013 at 7:56 AM

S&P downgrades Warren Buffett's Berkshire Hathaway

Warren Buffett's conglomerate Berkshire Hathaway Inc. had its credit rating downgraded to AA from AA+ by Standard & Poor's Financial Services LLC. And while it kept an insurance...
Jacqueline Nelson, The Globe and Mail
Posted on 5-16-2013 at 11:05 AM

Rising revenues shrink U.S. deficit by $203B

The U.S. budget deficit is shrinking considerably more quickly than previously thought and revenue growth will outpace spending increases over the next two years, the Congressional Budget...
Reuters
Posted on 5-14-2013 at 3:14 PM

U.S. import prices fall; lower oil prices to help households

U.S. import prices fell in April due to a drop in oil costs, a positive sign for household finances that also pointed to benign inflation pressures.
Jason Lange, Reuters
Posted on 5-14-2013 at 8:41 AM

U.S. hedge fund calls for Sony Entertainment spin-off

Billionaire hedge fund investor Daniel Loeb on Tuesday called on Sony Corp. to spin off its lucrative entertainment arm, setting the stage for a clash between the activist fund and...
Chikafumi Hodo and Nathan Layne, Reuters
Posted on 5-14-2013 at 7:16 AM

Yahoo to ramp up marketing to woo younger users, says CFO

Yahoo Inc (YHOO-Q) plans to ramp up advertising and marketing efforts as it seeks to break its reliance on an "aging demographic" and become more relevant among young adults, the company's...
Alexei Oreskovic, Reuters
Posted on 5-14-2013 at 1:56 PM

Mondelez raises earnings outlook on tax benefit

Mondelez International Inc posted quarterly earnings on Tuesday that were slightly better than expected and raised its full-year earnings forecast due to a benefit from a tax item.
Martinne Geller, Reuters
Posted on 5-14-2013 at 5:50 PM