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Auburn tops Arkansas 45-21 in season opener

Saturday, August 30, 2014, 11:31 p.m.
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Consumer spending down by 0.1%

posted: 08/30/2014 1:58 a.m. Discuss

Consumer spending in the U.S. unexpectedly dropped in July for the first time in six months, a sign households are lagging behind as wages fail to accelerate.

20 years for man in fraud scheme

posted: 08/30/2014 1:53 a.m. Discuss

The man who masterminded an $800 million insurance scam that fleeced tens of thousands of investors in one of Florida's all-time largest fraud schemes was sentenced Friday to 20 years in prison.

Tobacco deal draws more FTC scrutiny

posted: 08/30/2014 1:52 a.m. Discuss

Regulators have asked for additional information from Reynolds American Inc. and Lorillard Inc., the U.S. tobacco companies that agreed last month to a $25 billion merger.

Market report: Stocks close August on high note

posted: 08/30/2014 1:50 a.m. Discuss

The Standard & Poor's 500 index delivered its fourth record high in five days Friday, ending with the biggest monthly gain since February.

Business news in brief

posted: 08/30/2014 1:48 a.m. Discuss

McDonald's: Russia to check 100 stores MOSCOW -- McDonald's said Russia's consumer-safety regulator is inspecting more than 100 of its restaurants after the world's largest fast-food chain by revenue was forced to close 12 locations in the country.

U.S. consumer spending dips 0.1%

posted: 08/29/2014 11:07 a.m. Discuss

WASHINGTON — U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed.

Updating lifts GDP's rise to 4.2%

posted: 08/29/2014 3:25 a.m. Discuss

The economy in the U.S. expanded more than previously forecast in the second quarter, propelled by the biggest gain in business investment in more than two years.

Jobless-aid claims drop by 1,000

posted: 08/29/2014 1:59 a.m. Discuss

WASHINGTON -- The number of Americans seeking unemployment benefits slipped 1,000 last week to a seasonally adjusted 298,000, a low level that signals employers are cutting few jobs and hiring is likely to remain strong.

CEO's return, deal end supermarket-chain rift

posted: 08/29/2014 1:55 a.m. Discuss

TEWKSBURY, Mass. -- Hours after reaching an agreement to buy the company, the restored chief of New England's Market Basket supermarket chain celebrated with workers in a rally at headquarters Thursday, saying he loved them and appreciated their efforts in helping him regain control.

Business news in brief

posted: 08/29/2014 1:53 a.m. Discuss

Profit falls for Wal-Mart unit in S. Africa

News in brief

posted: 08/29/2014 1:52 a.m. Discuss

Dairy farms offered safety net on prices

U.S. economy grew at brisk 4.2% rate in 2nd quarter

posted: 08/28/2014 11:17 a.m. Comments 2

WASHINGTON — After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated.

1.5% projected for U.S. growth

posted: 08/28/2014 4:52 a.m. Discuss

The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by 1.5 percent this year, undermined by a poor performance during the first three months of the year.

Bundle rules at SEC get tighter

posted: 08/28/2014 2:34 a.m. Discuss

Financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, will have to give investors details on borrowers' credit records and incomes under action taken Wednesday by federal regulators.

Jack Daniel's propels maker's 5% sales gain

posted: 08/28/2014 2:32 a.m. Discuss

Led by demand for its flagship Jack Daniel's brand, spirits-maker Brown-Forman Corp. said Wednesday that its first-quarter net income rose 5 percent despite lower stockpiling by distributors.


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