30
JUL
2012

Best Buy Founder Schulze Recruiting Executives for Buyout

- BLOOMBERG - Chris Burritt and Jeffrey McCracken – July 31, 2012 Best Buy Co. (BBY) founder Richard Schulze has been recruiting executives to help lead the retailer if his attempt to take the company private is successful, according to a senior Best Buy executive. “He is talkin
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26
JUL
2012

Stalled economy means fewer American babies; fertility plunges

By Tiffany Hsu – July 26, 2012 The tough economy and high unemployment have young people hesitant to reproduce, with the U.S. fertility rate expected to fall to a quarter-century low this year even though the number of women in prime childbearing age is swelling. The average wom
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24
JUL
2012

China Manufacturing May Contract at Slower Pace, HSBC Index Says – Bloomberg

- BLOOMBERG - Bloomberg News – Jul 24, 2012 China’s manufacturing may contract at a slower pace in July after two interest-rate cuts and a rebound in lending spurred demand in the world’s second-largest economy, a private survey indicated. The preliminary reading was 49.5 for a
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23
JUL
2012

McDonald’s Rare Profit Miss Signals Slower Growth Ahead – Forbes

Abram Brown, Forbes Staff – July 23, 2012 Even a Big Mac seemed expensive last quarter. Despite a menu seemingly designed to withstand smaller budgets, McDonald’s reported a rare downturn in sales and profits last quarter. The slide in McDonald’s results show that even the most
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20
JUL
2012

U.K. Budget Deficit Widens, Casting Doubt on Fiscal Targets – Bloomberg

- BLOOMBERG - Gonzalo Vina – Jul 20, 2012 Britain had a bigger budget deficit than economists forecast in June, casting fresh doubt on whether Chancellor of the Exchequer George Osborne can meet his full- year fiscal goals. The shortfall, which excludes government support for ba
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19
JUL
2012

Olympic tourists warned about London cash squeeze – ESPN

Associated Press – July 19, 2012 LONDON — Tourists be warned: The Olympics crush has begun in London — and so has the scramble for cold, hard cash in the pricey British capital. Lines are getting longer at ATMs, visitors are in sticker shock over British prices and s
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18
JUL
2012

Bernanke to testify again after warning on economy

- BLOOMBERG - Martin Crutsinger on July 18, 2012 WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke will return to Capitol Hill on Wednesday, one day after sketching a bleak picture of the U.S. economy and warning it will darken further if Congress doesn’t reach agreement s
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17
JUL
2012

Worst-in-Generation Drought Dims U.S. Farm Economy Hopes

- BLOOMBERG - Joshua Zumbrun and Mark Drajem – Jul 17, 2012 A worst-in-a-generation drought from Indiana to Arkansas to California is damaging crops and rural economies and threatening to drive food prices to record levels. Agriculture, though a small part of the $15.5 trillion
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