German Unemployment Declined Before Britain's Shock Leave Vote
German unemployment extended its decline in June, signaling economic growth remained robust before Britons unexpectedly voted to exit the European Union.The number of people out of work fell by a seasonally adjusted 6,000 to 2.69 million, data from the Federal Labor Agency in Nuremberg showed on Thursday. The median estimate in a Bloomberg survey was for a drop of 5,000. The jobless rate remained unchanged at a record low of 6.1 percent.German companies shrugged off the risk of the U.K. quittin..>> view originalCollege debt, no degree means world of financial hurt
How much is too much when it comes to college debt? Obviously -- or maybe not so obvious to some -- you don't want to borrow the entire cost.Gifts to grads might help but many college students still juggle student loans.(Photo: Susan Tompor)Story HighlightsSome select a less expensive college -- or one with a scholarship offer -- to avoid too much debt.Take a full-time workload of credits to try to graduate in four years, not five.See if you can rent college text books or buy used ones.Guideline..>> view originalSouth Africa clears AB InBev's takeover of SABMiller
JOHANNESBURG South Africa cleared Anheuser-Busch Inbev's (ABI.BR) $100 billion-plus deal to acquire SABMiller (SAB.L) on Thursday, putting the world's largest brewer "on track" to complete the merger within the next six months.The Competition Tribunal, which gives the final word on mergers in Africa's most industrialized country, said in a statement that concessions made by AB InBev to get the deal approved were designed to address both public interest and competition concerns arising from th..>> view originalUnited, flight attendants reach tentative deal on contract
CHICAGO — United Airlines and its flight attendants have tentatively agreed to a new contract that would boost top pay rates by as much as 31 percent and, for the first time, cover all of the airline's flight attendants under a single labor agreement ...>> view originalWhy Shares of General Mills, Inc. Have Popped 14% in 2016
Image source: Getty Images. What: Shares of General Mills, Inc. (NYSE:GIS) have crushed the market in 2016, climbing 14%, according to data provided by S&P Global Market Intelligence, as investors look for safe investments and management continues to squeeze more money out of the bottom line. So what: What's strange this year is that General Mills' business isn't performing all that well. Sales fell 8% in the first quarter, including 4% on a constant-currency basis. But net income increased 5...>> view originalFed Stress Tests Clear 31 of 33 Big US Banks to Boost Returns to Investors
Big U.S. banks won permission from regulators Wednesday to boost dividends and buybacks, offering investors some welcome news after the sector got hammered when the U.K. voted last week to exit the European Union. All but two of 33 institutions passed the final round of the Federal Reserve’s annual “stress tests,” conducted to gauge how such firms would fare in a new financial crisis. (See this interactive graphic on how each bank...>> view originalA Real Rock of a Diamond Fails to Sell at Auction
Photo The bidding on Wednesday stopped at $61 million for the world’s largest uncut diamond, an 1,109-carat stone. Credit Spencer Platt/Getty Images A 1,109-carat uncut diamond offered in an unusual public auction is still waiting for a buyer.Offered for sale at a public auction on Wednesday evening at Sotheby’s in London, the stone — believed to be the largest still-uncut diamond in the world — failed to sell when it did not meet the minimum reserve, a price that was n..>> view originalCIBC Pushes Into U.S. With a Bank Purchase -- WSJ
Shutterstock photo By Ben Dummett Canadian Imperial Bank of Commerce, in the latest move by a big Canadian bank to bet on the U.S. market for growth, agreed Wednesday to acquire Chicago-based lender PrivateBancorp Inc. for about $3.8 billion in cash and stock. In Canada, the five biggest banks already dominate the domestic banking and wealth management sectors, and are grappling with the prospect of rising credit losses from energy-sector lending and sluggish economic growth due to t..>> view originalAmazon Sets A Date for Annual Prime Day Shopping Blitz
Amazon shoppers will get another chance at Black Friday—in July. The e-commerce giant will hold its second annual summer marketing blitz, known as Prime Day, on July 12. Last year, Amazon debuted its much-hyped Prime Day on July 15, a one-day sale exclusively for members of its Prime subscription shopping service. The company’s goal is to create a new shopping holiday like Black Friday—the busy shopping day after Thanksgiving—to encourage more spending on its site. Amazon’s Prime Day follows in..>> view original
Friday, July 1, 2016
German Unemployment Declined Before Britain's Shock Leave Vote and other top stories.
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