Business
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Reuters - Summer weather, aggressive promotions and tax rebates sent many U.S. consumers shopping in June, giving retailers struggling in the weak economy their strongest month in more than a year.
Read Retailers avoid June swoon; tax rebates help (Reuters) (Links)
Shares close lower weighed down by retailers, banks
(AFP)
AFP - UK blue chips closed lower, as a loss of confidence in the retail sector after a number of downbeat broker notes and weakness among banking stocks outweighed strength from the Dow Jones Industrial Average.
Read Shares close lower weighed down by retailers, banks (AFP) (Links)
Reuters - U.S. policy-makers said on Thursday they were doing everything possible to restore calm to financial markets but told lawmakers a longer-term regulatory overhaul was vital to prevent crises in the future.
Read U.S. needs financial regulatory overhaul: officials (Reuters) (Links)
Wall St. gains as Apple lifts Nasdaq 1 percent
(Reuters)
Reuters - Stocks rose in volatile trading on Thursday as optimism about Apple's newest iPhone drove the Nasdaq over 1 percent higher and shares of network carrier AT&T led the S&P 500 to a session high.
Read Wall St. gains as Apple lifts Nasdaq 1 percent (Reuters) (Links)
Reuters - Dow Chemical Co said on Thursday it would buy rival Rohm and Haas Co for $15.3 billion in a move to broaden its product offerings in higher margin markets such as paints, coatings and electronic materials.
Read Dow Chemical to buy Rohm and Haas for $18.8 billion (Reuters) (Links)
Read Economy - Wednesday (Investor's Business Daily) (Links)
AP - Residents in once-sleepy Thomasville have started complaining about traffic jams on Route 43, which runs right through the town.
Read $4 gas may help rural towns as shoppers stay local (AP) (Links)
Pentagon plans new tanker competition: sources
(Reuters)
Reuters - U.S. Defense Secretary Robert Gates plans an "expedited recompetition" for $35 billion worth of new aerial refueling tankers under the oversight of the Pentagon's chief weapons buyer, according to congressional aides and a source briefed on the plan.
Read Pentagon plans new tanker competition: sources (Reuters) (Links)
U.S. Army says may end Textron helicopter program
(Reuters)
Reuters - The U.S. Army said on Wednesday it might cancel a $6.2 billion Textron Inc armed helicopter program after finding that projected costs had soared more than 40 percent above initial estimates.
Read U.S. Army says may end Textron helicopter program (Reuters) (Links)
Merrill to base asset sales on second-quarter loss
(Reuters)
Reuters - Merrill Lynch & Co will determine how much of its stakes in BlackRock Inc and Bloomberg LP to sell based on the size of its second-quarter loss, a person briefed on the matter said on Wednesday.
Read Merrill to base asset sales on second-quarter loss (Reuters) (Links)
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