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The Two-Way
9:41 am
Thu August 15, 2013

Wal-Mart Blames Economy And Payroll Taxes For Slowed Earnings

Don Emmert AFP/Getty Images

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.

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The Two-Way
9:00 am
Thu August 15, 2013

Jobless Claims Drop To Pre-Recession Level

The scene at a career fair held by the National Urban League last month in Philadelphia.
Mark Makela Reuters/Landov

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.

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The Two-Way
8:20 am
Thu August 15, 2013

VIDEO: 'Sideways Rocket Hop' By SpaceX Prototype

The "Grasshopper" during its hop into the air.
SpaceX

Originally published on Thu August 15, 2013 1:50 pm

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The Two-Way
7:48 am
Thu August 15, 2013

Book News: Slam Poet's 'OCD' Love Poem Makes Waves

Neil Hilborn performs "OCD" at the 2013 Rustbelt Poetry Slam.
YouTube

The daily lowdown on books, publishing, and the occasional author behaving badly.

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The Two-Way
7:32 am
Thu August 15, 2013

Gingrich: Most GOP Lawmakers Have 'Zero' Ideas On Health Care

Republicans need to pitch their own ideas on healthcare, not just object to the president's, former House Speaker Newt Gingrich says.
Jonathan Ernst Reuters /Landov

Originally published on Thu August 15, 2013 9:47 am

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