WASHINGTON, July 22 (Reuters) - Jobless rates jumped in June from the month before in more than half of the US states as sinking public employment reversed the trend of steadily improving labor conditions in the first half of 2011.
(Bloomberg 22-7-11) - Consumers in the U.S. are increasingly using credit cards to pay for basic necessities as income gains fail to keep pace with rising food and fuel prices.
The dollar volume of purchases charged grew 10.7 percent in June from a year ago, while the number of transactions rose 6.8 percent, according to First Data Corp.’s SpendTrend report issued this month.
(WSJ 22-7-11)The euro slid a day after European leaders reached agreement on a new bailout for Greece, hurt by a lack of details about how the plan will be implemented and Fitch's warning on a Greek default.
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
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Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal
to buy Capri, the parent company of Michael Kors, after the Federal Trade
Commiss...
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