Category: Economy

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P&G to focus on core products by discontinuing several brands

Procter & Gamble Co. said it will sell or discontinue up to 100 brands over the next two years to reduce costs and focus on its core product lines.
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ISM report: U.S. manufacturing activity expands to 3-year high in July

The manufacturing sector in the U.S. registered faster-than-anticipated activity in July, according to data by the Institute for Supply Management (IS...
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U.S. nonfarm payrolls increase by 209K in July; jobless rate at 6.2 percent

Hiring activity in the U.S. fell in July but stayed solid with gains in broad-based payrolls, a sign of continued strengthening in the job market as w...
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U.S. consumer spending grows 0.4 percent in June; inflation down 1.6 percent

Spending by U.S. consumers was slightly up in June, further evidence that the economy has bounced back in the second quarter.
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Berkshire Hathaway second-quarter profit jumps to $6.4B; revenue up

Billionaire investor Warren Buffett's Berkshire Hathaway reported on Friday posted a significant rise in second-quarter profit, boosted by investment ...
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U.S. jobless claims up by 23K to 302K in July 26 week

The number of applicants for unemployment benefit claims in the U.S. jumped last week after declining to its lowest level in 14 years earlier in the m...
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Shadow Banking and Alternative Finance for Commercial RE

If you are interested in buying commercial real estate or if you already own commercial real estate and need to refinance it due to an impending loan ...
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U.S. economy rebounds after rising 4.0 percent in the first quarter

The U.S. economy bounced back after a slowdown in the first quarter, posting a positive growth over the last six months, adding to hopes that the seco...
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Conference Board report: U.S. consumer confidence strengthens in July

Consumer confidence in the U.S. improved in July, according to results in a survey by a private research group released Tuesday, while better sentimen...
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U.S. pending home sales down 1.1 percent in June after 3-month gain

Sales of previously owned homes in the U.S. fell in June, a sign that the housing recovery is yet to gain traction despite a decline in interest rates...