Originally published on Thu August 15, 2013 4:23 pm
Wal-Mart is blaming depressed demand amid a still-shaky economy and a rise in payroll taxes for disappointing earnings in the quarter ending July 31.
The world's largest retailer said Thursday that its net income rose to $4.07 billion, barely above the $4.02 billion it earned in the same quarter last year.
According to Reuters, sales at U.S. stores that have been open for at least one year fell 0.3 percent.
Originally published on Thu August 15, 2013 10:37 am
There were 320,000 first-time claims for unemployment insurance filed last week, the Employment and Training Administration reports.
Not only is that 15,000 fewer than had been filed the week before, it's also the lowest number for any single week since before the U.S. economy officially slipped into its most recent recession, in December 2007.
Originally published on Thu August 15, 2013 1:50 pm
The daily lowdown on books, publishing, and the occasional author behaving badly.
Originally published on Thu August 15, 2013 9:47 am