Record fall for UK retail sales
Retail sales in the UK fell 3.9% in June, the biggest drop since records began 22 years ago.
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BUSINESS
Southwest Says Net Rose 15% on Fuel Bought in Advance (Update3) - Bloomberg
 Wall Street Journal |
Southwest Says Net Rose 15% on Fuel Bought in Advance (Update3)
Bloomberg - By Mary Schlangenstein July 24 (Bloomberg) — Southwest Airlines Co., the only big US carrier that's still profitable, said second-quarter net income increased 15 percent as fuel contracts bought in advance helped protect it from rising prices. Southwest grows quarterly profit 16% Southwest reports 2Q sales increase, but fuel costs cut into profits |
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Head of Microsoft?s Online Efforts Departs
Kevin Johnson?s exit comes as Steven A. Ballmer, Microsoft?s chief executive, is shaking up top-level staff in a bid to improve Microsoft?s Internet search and ad business.
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UPDATE 1-EW Scripps income falls on spin-off costs - Reuters
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UPDATE 1-EW Scripps income falls on spin-off costs
Reuters - NEW YORK, July 24 (Reuters) - EW Scripps Co (SSP.N: Quote, Profile, Research, Stock Buzz), a newspaper publisher and television station owner, reported a drop in second-quarter income because of charges related to spinning off its cable TV networks and … EW Scripps 2Q profit drops 47 percent Spin-off costs slash Scripps' profits |
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House Approves Sweeping Effort to Help Housing
Citing the need to restore confidence in the mortgage giants Fannie Mae and Freddie Mac, the president said he would set aside his objections to the legislation.
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Union Pacific Profit Rises, Beats Estimates
Union Pacific, the largest U.S. railroad company reported better-than-expected profit as strong pricing offset rising fuel costs and lower freight volumes.
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RadioShack Profit Falls, Sales Rise
RadioShack reported higher-than-expected profit on a surprise increase in sales, but the electronics retailer said the economic environment continues to be challenging.
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Fed Needs Direct Oversight of Banks With Access to Its Lending … - Wall Street Journal
 Reuters |
Fed Needs Direct Oversight of Banks With Access to Its Lending …
Wall Street Journal - By JUDITH BURNS WASHINGTON — The Federal Reserve needs to have a direct role in supervising banks that have access to its funding, New York Federal Reserve Bank President Timothy Geithner said in testimony prepared for delivery Thursday to the House … Fed's Geithner sees healthier financial system by year end Substantial financial reforms needed: NY Fed |
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Ford Posts Loss of $8.7 Billion on Asset Woes
The automaker, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers? tastes, suffered its worst quarter ever.
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SNY Teams Up With Big East
SportsNet New York will carry Big East football and basketball for the next five years in a deal that gives the conference a major TV presence in the region.
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