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Wal-Mart 2Q profit rises 5.7 pct, raises outlook

August 17, 2012 • BusinessComments (0)

FILE – In this Feb. 20, 2012, file photo, customers walk into and out of a Wal-Mart store in Methuen, Mass. Wal-Mart Stores Inc. reported a 5.7 percent increase in second-quarter net income and raised its outlook for the full year as the world’s largest retailer continues to woo back frugal shoppers by re-emphasizing that [&hellip...

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Michael vs. LeBron? It's a match made for video

August 16, 2012 • BusinessComments (0)

FILE – In this July 27, 1992 file photo, USA’s Michael Jordan sails high above teammate Magic Johnson knocking away a shot during the first half of their preliminary round basketball game with Croatia at the Summer Olympics in Barcelona. With USA...

1,000-foot coal freighter blocks St. Marys channel

August 16, 2012 • BusinessComments (0)

In this photo provided by Lake Superior State University, tugboats work next to the Paul R. Tregurtha, a 1,000-foot coal freighter that is grounded on the outbound channel of the St. Marys River, Wednesday, Aug. 15, 2012 in Chippewa County, Mich. The Coast...

House members' VIP loans excluded from subpoena

August 16, 2012 • BusinessComments (0)

FILE – In this July 8, 2009 file photo, Rep. Edolphus Towns, D-N.Y. speaks during a committee hearing on Capitol Hill, in Washington. Towns, a former Democratic committee chairman overrode his own subpoena three years ago in an investigation of former...

50 Shades of Grey marketing phenom goes mainstream

August 16, 2012 • BusinessComments (0)

This Wednesday, Aug. 8 2012 photo shows Diana Hunter, left, handing out free vibrators by Trojan to Simon Reed, center, during a promotional giveaway in New York. While Trojan has been selling vibrators since 2009, first-quarter sales this year, around the...

Target raises profit outlook on solid 2Q sales

August 16, 2012 • BusinessComments (0)

In this July 28, 2012 photo, shopping carts sit parked outside a Target store in Marlborough, Mass. Target is reporting that net income for the second quarter was unchanged, as the retailer gets ready for its upcoming move into Canada. But the retailer saw...

Stocks mostly higher on signs of economic growth

August 16, 2012 • BusinessComments (0)

FILE – In a March 21, 2012 file photo, Specialist Paul Cosentino, right, directs trading on the floor of the New York Stock Exchange. Stocks closed mostly lower Tuesday Aug. 14, 2012, after trading slightly higher for much of the day. (AP Photo/Richard...

Deere earnings hit by slowing economic growth

August 16, 2012 • BusinessComments (0)

In this April 2, 2012 photo, Derek Long uses a John Deere tractor to disk and cultivate a field in preparation for planting corn in Loami, Ill. A slowing global economy and the effects of a prolonged U.S. drought caught up to Deere & Co. in its fiscal...

Asia stock markets retreat on confusing US data

August 15, 2012 • BusinessComments (0)

A woman walks past a screen showing the China Composite Stock Price Index at a brokerage house in Shenyang in northeast China’s Liaoning province Monday, Aug. 13, 2012. World stock markets fell Monday after a slowdown in Japan’s growth gave...

Bloomberg wants election debate on immigration

August 15, 2012 • BusinessComments (0)

Former White House Chief of Staff William Daley, left, and New York City Mayor Michael Bloomberg take part in a discussion economics and politics of immigration during a meeting of The Chicago Economic Club Tuesday, Aug. 14, 2012, in Chicago. (AP Photo/M....