Economy of the United States

May U.S. nonfarm jobs up 175,000, jobless rate rises to 7.6%

Kyodo News InternationalJune 7, 2013 13:23

The U.S. unemployment rate rose to 7.6 percent in May from 7.5 percent the previous month, the first increase in four months, even as U.S. employers created 175,000 new nonfarm jobs, Labor Department data showed Friday. The number of nonfarm jobs added in March was raised to 142,000 from the initially reported 138,000, while the figure for April was revised downward to 149,000 from 165,000. Nonfarm employment has now increased for 32 straight months.

Wal-Mart board approves another $15 billion in stock buybacks

Thomson ReutersJune 7, 2013 11:22

FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Inc <WMT.N> said on Friday its board approved a new $15 billion stock repurchase program, the first in two years. As of June 6, Wal-Mart, the world's largest retailer, had about $712 million remaining under a $15 billion program announced in June 2011.

S. Korea's Q1 economic growth revised down to 0.8 pct

Yonhap News AgencyJune 7, 2013 01:22

By Kim Soo-yeon SEOUL, June 7 (Yonhap) -- The South Korean economy grew slower than earlier forecast in the first quarter as consumer spending was subdued and facility investment remained weak, the central bank said Friday. Korea's gross domestic product (GDP), the broadest measure of economic performance, grew a revised 0.8 percent in the January-March period from three months earlier, down from a previous estimate of 0.9 percent on-quarter expansion, according to the Bank of Korea (BOK).

Dollar General, General Motors, Carlyle, ExactTarget are big market movers on Tuesday

The Canadian PressJune 5, 2013 15:36

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Dollar General Corp., down $4.91 at $48.64 The discount retailer's fiscal first-quarter net income rose 3 per cent, but the company cut the high end of its full-year forecasts. ExactTarget Inc., up $11.59 at $33.69 Online software service Salesforce.com said that it will spend more than $2.3 billion to buy the marketing software company. Ryman Hospitality Properties Inc., down $3.12 at $35.47

FHA chief says agency may need nearly $1 billion bailout because of reverse mortgage losses

The Canadian PressJune 5, 2013 15:35

WASHINGTON - The head of the Federal Housing Administration says her agency may need as much as a $1 billion rescue package to bolster its reserves despite efforts to shore up its finances with higher mortgage insurance premiums.

Dell cut CEO Michael Dell's pay package by 14 per cent in year leading up to $24.4 billion deal

The Canadian PressJune 5, 2013 15:28

ROUND ROCK, Texas - Dell Inc. trimmed CEO Michael Dell's pay by 14 per cent to $13.9 million last year amid a slump that culminated in a proposed $24.4 billion deal that could end the personal computer maker's 25-year history as a publicly traded company. Most of Michael Dell's compensation last year consisted of stock awards designed to give him a greater incentive to boost the Round Rock, Texas, company's market value.

Wal-Mart aims to address problems in produce with new steps to improve quality

The Canadian PressJune 3, 2013 12:32

NEW YORK, N.Y. - Wal-Mart Stores Inc., which is working to keep its produce aisles fresh, announced steps to improve the quality of its fresh fruits and vegetables The nation's largest grocer and retailer said Monday it is making more changes in its operations, training and sourcing as it looks to increase sales of bananas, lettuce and other produce and instil more confidence among shoppers looking for healthier choices.

NYSE Euronext shareholders approve buyout by ICE

Agence France-PresseJune 3, 2013 20:32

NYSE Euronext shareholders approved Monday their $8.2-billion acquisition by the InterContinentalExchange, which will create the world's biggest exchange operator. NYSE Euronext shareholders representing 64 percent of the company's stock voted to approve the deal at a meeting. The company operates the New York Stock Exchange as well as bourses in Paris, Amsterdam, Brussels and Lisbon, plus the European derivatives market Liffe.

NYSE Euronext and ICE shareholders approve sale of Big Board; regulators still have to OK

The Canadian PressJune 3, 2013 12:34

NEW YORK, N.Y. - Both NYSE Euronext and IntercontinentalExchange shareholders are voting in favour of the Big Board's acquisition by the ICE. At a special meeting in New York on Monday, a majority of NYSE's shareholders cast their votes in favour of the deal, according to a statement from the NYSE. In Atlanta, a majority of ICE's shareholders also voted for the deal. The Atlanta-based exchange in December announced an $8 billion deal for NYSE. Regulators in the U.S. and Europe still have to sign off on it.

Walmart offers fresh produce guarantee to shoppers

Thomson ReutersJune 3, 2013 11:32

By Jessica Wohl (Reuters) - Wal-Mart Stores Inc said on Monday it is offering a money-back guarantee on the fruits and vegetables it sells at its Walmart U.S. stores as it tries to gain more ground in the grocery business.