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Markets Close Down on Friday After Another Data Breach

Markets Close Down on Friday After Another Data Breach

iStockphoto/Thinkstock(NEW YORK) — Amidst concerns of fighting in Ukraine and new of yet another data breach, stocks finished the week on a down note.The Dow Jones Industrial finished Friday at 16662.91, down 50.67 from Thursday’s close.The Nasdaq gained 11.93 to 4464.93 on Friday, however, the S&P 500 dropped 0.12 to 1955.06.On Friday supermarket chain Supervalu announced that it had experienced a data breach putting customers who visited the company’s stores at risk. It was unclear how many customers were impacted by the breach.
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Markets Close Down on Friday After Another Data Breach

Markets Close Down on Friday After Another Data Breach

iStockphoto/Thinkstock(NEW YORK) — Amidst concerns of fighting in Ukraine and new of yet another data breach, stocks finished the week on a down note.The Dow Jones Industrial finished Friday at 16662.91, down 50.67 from Thursday’s close.The Nasdaq gained 11.93 to 4464.93 on Friday, however, the S&P 500 dropped 0.12 to 1955.06.On Friday supermarket chain Supervalu announced that it had experienced a data breach putting customers who visited the company’s stores at risk. It was unclear how many customers were impacted by the breach.
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Supermarket Chain Supervalu Reports Data Breach

Supermarket Chain Supervalu Reports Data Breach

Jupiterimages/Polka Dot/Thinkstock(NEW YORK) — On Friday, Supermarket chain Supervalu announced a data breach that may impact a number of its customers.According to a statement released by the company, Supervalu experienced a “criminal intrusion” into the part of its computer network that deals with processing of credit and debit card transactions. The intrusion may have impacted both the company’s retail stores and its standalone liquor stores.Supervalu says that the hackers may have obtained access to account numbers, expiration dates, other numerical information and/or the cardholder’s name from cards used in transactions between June 22, 2014 and July 17, 2014. The company says that its warning to customers includes those who shopped at stores under the Cub Foods, Farm Fresh, Hornbacher’s, Shop ‘n Save and Shoppers Food & Pharmacy banners.Supervalu says that once it recognized the intrusion, the company took immediate steps to secure its network. It has also opened an ongoing investigation, supported by third-party experts, into the scope of the incident. President and CEO of Supervalu, Sam Duncan assured shoppers that “the safety of our customers’ personal information is a top priority for us.”
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Supermarket Chain Supervalu Reports Data Breach

Supermarket Chain Supervalu Reports Data Breach

Jupiterimages/Polka Dot/Thinkstock(NEW YORK) — On Friday, Supermarket chain Supervalu announced a data breach that may impact a number of its customers.According to a statement released by the company, Supervalu experienced a “criminal intrusion” into the part of its computer network that deals with processing of credit and debit card transactions. The intrusion may have impacted both the company’s retail stores and its standalone liquor stores.Supervalu says that the hackers may have obtained access to account numbers, expiration dates, other numerical information and/or the cardholder’s name from cards used in transactions between June 22, 2014 and July 17, 2014. The company says that its warning to customers includes those who shopped at stores under the Cub Foods, Farm Fresh, Hornbacher’s, Shop ‘n Save and Shoppers Food & Pharmacy banners.Supervalu says that once it recognized the intrusion, the company took immediate steps to secure its network. It has also opened an ongoing investigation, supported by third-party experts, into the scope of the incident. President and CEO of Supervalu, Sam Duncan assured shoppers that “the safety of our customers’ personal information is a top priority for us.”
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SeaWorld Announces Upgrade to Killer Whale Environments, Research Funding

SeaWorld Announces Upgrade to Killer Whale Environments, Research Funding

iStockphoto/Thinkstock(SAN DIEGO) — SeaWorld Entertainment, Inc. announced on Friday plans to build new, first-of-its-kind environments for its killer whales at its parks in San Diego; Orlando, Florida; and San Antonio, while also funding programs to research and protect the oceans and killer whales in the wild.Following the 2013 release of the documentary Blackfish, SeaWorld has seen lagging attendance figures and negative publicity.
On Friday, the company announced that it would build the first of the new killer whale environments at its San Diego park. The habitat will double the water volume of the existing facility, holding 10 million gallons of water, and measuring about 50 feet deep and 350 feet long. In addition to providing the killer whales with more space, the environment will also provide guests with “the world’s largest underwater viewing experience of killer whales.”SeaWorld says the project will expand on their “legacy of leading-edge animal environmental design,” and is expected to open to the public in 2018, with similar projects at SeaWorld Orlando and SeaWorld San Antonio to follow.As part of the project, SeaWorld will also commit $10 million in matching funds focused on studying threats to killer whales in the wild. The projects will aim to understand the hearing ranges of killer whales, the nutritional status and reproduction of the Southern Resident Killer Whale. The matching funds are in addition to research that will be conducted by SeaWorld’s scientists. SeaWorld also plans on undertaking a “major multi-million dollar partnership focused on protecting the ocean.”
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Rare Ferrari Sells for $38 Million to Set Auction Record

Rare Ferrari Sells for $38 Million to Set Auction Record

Bonhams(CARMEL, Calif.) — A 1962 Ferrari 250 GTO Berlinetta sold at auction Thursday for $38 million, including a buyer’s premium — the highest auction price ever realized for a car.The car was auctioned through Bonhams’ Quail Lodge Auction in Carmel, California, part of Monterey Car Week.
According to Bonhams, the price topped the previous record — $30 million paid for a 1954 Mercedes-Benz W196 R F1 Racer at auction last year.Ferrari only manufactured 39 of the cars, which were designed with racing in mind.The Ferrari GTO auctioned Thursday was originally owned by French racer Jo Schlesser, and it was used in the 1962 Tour de France automobile race, according to the auction house. That year, driver Henri Oreiller — an Olympic skier — crashed the car and died. The car was returned to Ferrari and restored.During the mid-1960s, the car was sold to Fabrizio Violati for $4,000. That would equate to about $30,000 today.”I saved the car from scrap and hid it from my parents,” he once said, according to Bonhams. “I only drove it at night so nobody would see me.”Violati developed a Ferrari museum, and the GTO served as a centerpiece to the public collection. But after his death in 2010, his family decided to sell his collection.
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The Death and Resurgence of Arcades in America

The Death and Resurgence of Arcades in America

iStock/Thinkstock(NEW YORK) — Traditional arcades, once popular after-school hangouts and staples of shopping malls, have long been replaced by smartphone technology and at-home gaming systems like the Nintendo Wii and Sony’s PlayStation.But it wasn’t always like that.Tommy Williams remembers when they were on “every block” where he grew up in Newport Beach, California, and how they later started to disappear, all shutting down by the late ’80s and early ’90s.“When you had Nintendo and Sega, and the console war started, I think that’s when they closed up,” Williams said.The popular games still exist, albeit in another form: Today’s smartphones and tablets can play old favorites like Pac Man and Mortal Kombat.“It’s transformed in the past couple of decades, the access to games,” said Williams, who does public relations for a video game company in Los Angeles, “from the boardwalk to having it in the palm of our hands.”But recently, the retro games have popped up in other places — as nostalgic attractions in bars, bowling alleys and restaurants, for example. There are even museums where people can gawk at the vintage machines, now baffling to kids raised on shrinking smartphones and increasingly tiny tablets.Actually, the sale of video game machines has remained steady in the past couple decades, according to Andrew Eloff, co-founder of the video game manufacturer Raw Thrills Inc., known for producing games like Big Buck Hunter and H2Overdrive.While traditional arcades are gone, he said, the machines are still around — just in different spaces.”The story of the death of the arcade comes around every so often,” he said. “The arcade is definitely dead, but what’s come up in its place is really cool — these nostalgic, retro bar arcades and also these big mega-arcades like Dave & Busters.”Many adults today have fond memories of afternoons wasted sliding quarters into those bulky arcade games.“There was something special about once or twice a summer getting to go to the arcade and play pinball and Pac Man,” said Chris Trimper, whose family owns Marty’s Playground in Ocean City, Maryland.He says the business, a longtime landmark on boardwalks, is struggling, noting that “it’s hard to make money a quarter at a time.”Ken Kalada, owner of Yestercades in Red Bank, New Jersey, takes a different approach to keeping the doors open — he charges $8.75 an hour instead of 25 cents per play.Kalada opened his arcade when others had all but disappeared — in 2011.“It was something I’d always wanted to do as a kid,” he told ABC News. “It’s something you don’t see anymore, from the classic arcade cabinets to the social environment.”But Kalada’s arcade isn’t quite like the ones he remembers from childhood. For one thing, he offers a mix of games — traditional arcade machines along with home consoles that today’s kids are used to.Young, uninitiated arcade-goers gravitate toward redemption-style games that reward players with tickets, or popular crane games, where pricey prizes like Coach purses and Xboxes are always just outside the crane’s reach.“It’s not enough for them to go and get a high score and put their initials on a board because they can do that at home,” said Michael Meyers, a video game industry executive. “You can just go on Xbox and be on the leaderboard for that.”He said arcades began dying off because they stopped being profitable.”What happened is malls started closing down the individually operated arcades. They couldn’t afford the machines,” Meyers said. “The machines weren’t pulling the money to pay themselves off, basically. For a basic arcade machine to pay itself off, it has to be hot for a good couple of weeks.”And when the home console business improved, arcades responded by introducing bigger and better games that people couldn’t yet replicate at home — like motion simulator rides, he said.”Those cost $10,000, so you can imagine how many times it takes to pay itself off,” Meyers said. “And those motion simulators take up a ton of room to safely operate. They’re almost like a small amusement park ride. So it’s not realistic for a mom-and-pop arcade to have one of those machines.”The allure of motion simulator rides has since worn off, Meyers said, but retro games will always be in style.”There has been a resurgence of old-school where people are designing games that pay homage to older games,” he said, noting there’s even a trade show devoted to reinventing the classic games.
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Five Things We Learned from Team Behind Internet Explorer

Five Things We Learned from Team Behind Internet Explorer

Justin Sullivan/Getty Images(NEW YORK) — Microsoft’s Internet Explorer has long been the browser that people love to hate.The team behind the browser participated in a Reddit “Ask Me Anything” where they dished on their desire to change the perception of Internet Explorer.Here are five revelations from the online chat:They Considered Re-BrandingWith sleeker competitors, including Google’s Chrome and Mozilla’s Firefox, the team revealed it had discussed internally whether Internet Explorer should be re-branded.”I remember a particularly long email thread where numerous people were passionately debating it. Plenty of ideas get kicked around about how we can separate ourselves from negative perceptions that no longer reflect our product today,” Jonathan Sampson, an engineer, wrote.In 2012, Microsoft released advertising showing a guy complaining about Internet Explorer but coming to the conclusion that “IE sucks…less.”Let Them Eat CakeThey’re not opposed to a little friendly competition. The Internet Explorer team and Mozilla have sent cakes to one another to celebrate various achievements.The last cake that the Internet Explorer team received was to celebrate the shipping of IE 10.”We started this tradition when we sent them a cake for Firefox 2. It was probably the best damn cake I’ve eaten,” Jacob Rossi, an engineer, said of the marble chocolate vanilla confection.They Can Bust a MoveWell, at least one member of their team can.Rey Bango recently rejoined Microsoft, and a user asked what it was about the developer that attracted the team. Was it perhaps this video of him dancing?

“Clearly, Rey’s stellar dance moves served as huge motivator for us,” the Internet Explorer team wrote. “Thankfully, he’s able to complement them with a good understanding of IE and web development but the primary impetus was to build up our IE dance crew to compete on So You Think You Can Dance.”A follow-up comment added:”In case you were wondering, that was Rey answering that question. The rest of us would prefer not to see him dance.”What They Want People to KnowThey just want you to give Internet Explorer another chance.”I don’t think it’s a matter of selling you on IE as much as ensuring that you’re familiar with the changes that have come to the browser,” Bango wrote. “Many developers still view IE as old IE but when they take the time to actually use it, leverage the features and see the improvements, in many cases they change their perception of the browser.”They Just Want to Be LovedThe team behind Internet Explorer just want their product to be loved — and they believe they’ll get there one day.”It’s okay to love us — the IE we work on is probably not the IE you remember,” Sampson said.
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Monetary Rewards Take Time for These College Degrees

Monetary Rewards Take Time for These College Degrees

iStock/Thinkstock(NEW YORK) — With the summer coming to a close, many young adults will either be starting or continuing college in hopes of landing a job in their field of study upon graduation.Studies have shown that college grads earn significantly more over the course of a lifetime than people who don’t pursue a degree after high school.However, as pointed out by College Factual, which helps people find the right school, some starting salaries are not exactly going to make grads rich right off the bat, especially if they’re carrying onerous student loans.As something of a public service then, College Factual has listed the 10 lowest paying majors in terms of starting pay, based on the responses from thousands who went into these fields:

Animal Science: $31,100
Social Work: $32,200
Child Development and Psychology: $32,300
Theological and Ministerial Studies: $32,500
Human Development, Family Studies, and Related Services: $32,700
Culinary Arts: $33,000
Radio, Television, and Digital Comm: $33,300
Parks, Recreation and Leisure Studies: $33,500
Education, General: $33,800
Behavioral Science: $33,800

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Nearly All Young Adults Use Internet to Car Shop

Nearly All Young Adults Use Internet to Car Shop

Ingram Publishing/Thinkstock(NEW YORK) — The Internet is driving car sales among nearly all people ages 18-34, otherwise known as millennials.According to a report released by AutoTrader.com, a whopping 95 percent of car shoppers in this group go online before they buy, and of this group, 50 percent use their smartphones.Obviously then, says AutoTrader vice president of research Isabelle Helms, auto dealers would be smart to have a strong online presence to attract this car buying demographic.Over a third of millennials say that a lack of a mobile platform will hurt a brand while six in ten believe that a site that is not easy to use is equally as damaging.Meanwhile, AutoTrader predicts that 80 percent of all consumers will use multiple devices to car shop by 2020, compared to just 32 percent now.Interestingly, Helms says that social media has minimal impact on millennials with just five percent using these sites for car shopping.
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J.C. Penney on the Comeback Trail?

J.C. Penney on the Comeback Trail?

iStock Editorial/Thinkstock(NEW YORK) — J.C. Penney may have finally turned a corner, thanks to impressive second-quarter sales.It was just last January that the troubled retailer announced it was shuttering 33 under-performing stores in 2014 following losses of $2 billion over the past two years along with taking on $2 billion in debt.However, J. C. Penney said Thursday that sales from April through June were up six percent compared to the same period last year and revenue was up 5.2. percent.CEO Mike Ullman remarked, “Our turnaround initiatives continue to produce improved financial results. We gained additional market share while significantly increasing gross margin in a highly competitive promotional environment.”Naturally, it’s the all-important fourth-quarter, which includes the holiday shopping period that is likely to make or break the store’s chance at long-term survival.J.C. Penney’s previous efforts at stopping its red ink went poorly. An ill-conceived discount three-tier pricing policy confused everyone before it was tossed to the curb. Later, the store revamped its campaign strategy to focus on lifestyle but customers complained they just wanted to know how much products cost.
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Ford Recalling 83,250 Vehicles for Possible Power Loss Problem

Ford Recalling 83,250 Vehicles for Possible Power Loss Problem

iStockphoto/Thinkstock(NEW YORK) — Ford Motor Company is recalling about 83,250 vehicles after reports that an improperly installed part could cause the vehicles to lose power or roll away when parked.The National Highway Traffic Safety Administration says that the recall includes Ford Edge, Taurus and Flex vehicles and Lincoln MKX, MKS and MKT vehicles manufactured between 2010 and 2013. The NHTSA says that a halfshaft retention circlip may have been incorrectly installed in those vehicles. Such an issue could cause power to cease being transmitted to the wheels, placing the vehicle at risk of a crash. Vehicles could also roll away when placed in park, unless the parking brake is applied. Ford intends to notify owners, and free repairs are expected to begin by the end of August. It was not clear whether any injuries or accidents have occurred because of this defect.
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Invest Like Warren Buffett? His Stock Just Hit $200,000

Invest Like Warren Buffett? His Stock Just Hit $200,000

Photo by Bill Pugliano/Getty Images(NEW YORK) — Warren Buffett’s Berkshire Hathaway stock hit a new milestone on Thursday, closing above $200,000 for the first time ever.Just one share of Berkshire Hathaway Class A stock is now worth $202,850. The stock is already up 14 percent this year, well ahead of the S&P 500, which is up 5.8 percent year-to-date.Berkshire Hathaway stock first hit $1,000 in 1983.It’s no wonder investors pay close attention when Buffett releases his list of holdings each quarter and tells the world exactly what Berkshire Hathaway is buying and selling.What exactly is the Oracle of Omaha doing with his money?What Buffett’s Buying:    -Charter Communications — the newest addition to Berkshire Hathaway’s portfolio    -Chicago Bridge & Iron    -GM    -IBM    -Suncor Energy    -Verizon    -Visa    -WalmartWhat Buffett’s Selling:    -Conoco Phillips    -Phillips66    -DirecTV    -Liberty Media    -Starz
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Coca-Cola Company, Monster Beverages Announce Long-Term Partnership

Coca-Cola Company, Monster Beverages Announce Long-Term Partnership

Photo Courtesy: The Coca-Cola Company(ATLANTA) — The Coca-Cola Company and Monster Beverage Corporation announced on Thursday that the two companies have entered into a long-term partnership that aims to accelerate growth for both companies.As part of the deal, the Coca-Cola Company will purchase a 16.7-percent equity stake in Monster Beverage Corp. for about $2.15 billion and will receive two directors on Monster’s Board of Directors. Coca-Cola will also transfer its existing energy business — including the energy drinks NOS and Full Throttle, among others — to Monster, while Monster transfers its non-energy drinks to Coca-Cola, including Hansen’s Natural Sodas and Hubert’s Lemonade.Coca-Cola hopes to expand distribution of Monster’s products in the U.S. and Canada, while also becoming Monster’s preferred global distribution partner.The deal is expected to be closed in late 2014 or early 2015.Muhtar Kent, chairman and CEO of the Coca-Cola Company, said the partnership “will create compelling and sustainable value for our system and our shareowners.”
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More Gains for Wall Street on Thursday

More Gains for Wall Street on Thursday

iStockphoto/Thinkstock(NEW YORK) — Thursday represented another day of gains for Wall Street, on the back of positive earnings reports from the world’s largest retailer.The Dow Jones Industrial Average closed up 61.78, ending the day at 16713.58.The Nasdaq finished at 4453, up 18.87 from Wednesday’s close, while the S&P 500 gained 8.46 to a close of 1955.18.Walmart reported that it had met earnings estimates for the second quarter on Thursday. Still, the company lowered its annual earnings expectations.
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Twitter Reviews Policies After Harassment of Robin Williams’ Daughter

Twitter Reviews Policies After Harassment of Robin Williams’ Daughter

iStock Editorial/Thinkstock(NEW YORK) — Del Harvey, vice president of trust and safety at Twitter, said the social media website “will not tolerate abuse of this nature,” referring to the recent cyber-bullying of Robin Williams’ daughter, Zelda Williams.”We have suspended a number of accounts related to this issue for violating our rules and we are in the process of evaluating how we can further improve our policies to better handle tragic situations like this one,” Harvey said in a statement to ABC News. “This includes expanding our policies regarding self-harm and private information, and improving support for family members of deceased users.”In the wake of her father’s death, Zelda Williams, 25, wrote that she was deleting Twitter from her devices.The decision to step away from social media came after at least two users sent Williams harassing messages and disturbing photos, including a Photoshopped image that was purported to be her father’s corpse.”I’m shaking,” Williams tweeted earlier this week before deleting the message. The actress asked her followers to report her alleged tormentors to Twitter.Twitter has a one-click button that takes users to a page where they can fill out a report detailing alleged harassment.
Zelda Williams is the daughter of Robin Williams and his second wife, Marsha Garces.  Robin Williams died Monday of an apparent suicide at the age of 63.
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Kyocera Brigadier: Android Phone Put Through Ultimate Torture Tests

Kyocera Brigadier: Android Phone Put Through Ultimate Torture Tests

ABC NewsBy ABC News’ Alyssa Newcomb(NEW YORK) — When given the chance to test a smartphone that claims to be built for abuse, I jumped at the opportunity.I’ve seen my sleek new smartphone of the moment being scuffed up from spending time in my purse. I’ve dropped phones in the sink, spilled liquids on them and have become a pro at trying to resuscitate them — whether it’s with my hairdryer or by placing them in a jar of dry rice.While many smartphones on the market are about looks and functionality, the maker of the Android-based Kyocera Brigadier is touting its durability. It’s an armored tank among other more attractive, aesthetically pleasing phones.Given my track record of breaking smartphones, I felt pretty confident that if there was ever a person who could inflict some damage on the Brigadier, it would surely be me.The first torture test I put it through was the scratch test.Scratch TestThe 4.5-inch touch screen is built with Kyocera’s Sapphire Shield display, which the company said is second only to diamonds in mineral hardness and is virtually scratch proof. I took a pocket knife to the screen, but wasn’t able to inflict any noticeable damage.Water TestThe Brigadier can stay in up to 6 feet of water for 30 minutes, according to Kyocera. I dropped it in a bucket of water and walked away for half an hour. When I returned, the phone still worked.I placed it in the water and fiddled with a few buttons. It appeared the phone was still operational, even when immersed. Kyocera said the phone is not designed to operate in water and recommends that it be dried as quickly as possible when wet.The Drop TestAdventurist Bear Grylls tested the Brigadier outdoors, but could it survive abuse in a Manhattan office building? I dropped it from various places and, for good measure, even threw it against the wall. It would not break.Can It Still Make Calls?After a series of torture tests, I have decided the Brigadier is like the Terminator of smartphones. It looks durable and virtually indestructible. But what’s a smartphone if you can’t use it? I put it through one final test to see if it could still make calls.

The Brigadier is heavy — weighing in at 6.6 ounces. It runs on Android 4.4 KitKat — however it remained unclear what the future holds for operating system updates.It doesn’t stand out from other smartphones in terms of user experience, however if you’re looking for a crazy tough smartphone, this may be it.
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Cisco to Cut 6,000 Jobs as Part of Restructuring Plan

Cisco to Cut 6,000 Jobs as Part of Restructuring Plan

Justin Sullivan/Getty Images(SAN JOSE, Calif.) — Networking equipment giant Cisco says it will cut 6,000 jobs, or 8 percent of its workforce, as part of a major restructuring plan.
The company on Wednesday posted revenue of $12.36 billion in its latest quarter, down from $12.42 billion last year, as it faces increased competition from young and upcoming tech companies.
In a statement, the company maintained its optimism about the road ahead.
“We are executing well in a tough environment,” Cisco CEO John Chambers wrote. “I’m pleased with how we are transforming our company over the past several years, and that journey continues.”
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Walmart Meets Earnings Estimates for Second Quarter

Walmart Meets Earnings Estimates for Second Quarter

Walmart(BENTONVILLE, Ark.) — Walmart on Thursday reported earnings per share of $1.21 in its second quarter, keeping in line with analysts’ estimates.In another bit of good news, the retail giant also announced its total revenue for the quarter ending July 31 was $120.1 billion — a 2.8 percent increase from last year.Walmart, however, lowered its full-year earnings outlook as traffic to its stores fell slightly and comparable store sales remained stagnant.”If you’re Walmart you’re at least temporarily seeing benefits from a strategy that constituted going back to your everyday discounting,” Paul Ballew, chief economist for Dun & Bradstreet, says. “…[B]ut it’s still a tough, tough environment in so many ways.”
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Jobless Claims Climb to 311K

Jobless Claims Climb to 311K

iStock/Thinkstock(WASHINGTON) — Jobless claims were up last week, increasing by 21,000, according to the latest figures released Thursday by the Labor Department.For the week ending Aug. 9, the number of people filing for benefits rose to 311,000. The previous week, claims stood at 290,000.The Labor Department said there were no “special factors” impacting that week’s figures.The four-week moving average also spiked, increasing by 2,000 to 295,750.
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