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The Galveston County Daily News : Business

August 28, 2014

Business

Top Story

US bank earnings up 5.2 percent in 2Q

WASHINGTON (AP) — U.S. banks' earnings rose 5.2 percent in the April-June quarter from a year earlier, as banks reduced their expenses and lending marked its fastest pace since 2007.

  • icon Updated: 6:01 pm

Latest Headlines

Thursday 08/28/2014
Visual search to shop: gimmick or game changing?
Updated: August 28, 2014 - 6:01 pm

NEW YORK (AP) — Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them.

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JPMorgan investigating possible cyberattack
Updated: August 28, 2014 - 6:01 pm

NEW YORK (AP) — JPMorgan Chase, the nation's biggest bank by assets, is working with law enforcement officials to investigate a possible cyberattack, said a person familiar with the situation who spoke on condition of anonymity, though the bank isn't currently seeing any unusual fraud activity at the time.

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A look at US, European sanctions on Russia
Updated: August 28, 2014 - 6:01 pm

WASHINGTON (AP) — With Russian tanks apparently crossing into southeastern Ukraine, President Barack Obama is suggesting the possibility of more sanctions on Russia.

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Obama touts revised economic growth numbers
Updated: August 28, 2014 - 6:01 pm

WASHINGTON (AP) — New evidence of economic growth is heartening and underscores that companies are investing and consumers are spending, President Barack Obama said Thursday.

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Abercrombie, Williams-Sonoma are big market movers
Updated: August 28, 2014 - 6:01 pm

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

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How the Dow Jones industrial average did Thursday
Updated: August 28, 2014 - 6:01 pm

Worsening tensions in Ukraine and some weak showings from retailers on Thursday sent U.S. stocks slightly lower for the first time this week. The developments largely overshadowed encouraging news on the U.S. economy and labor market.

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US economy grew at brisk 4.2 pct. rate in Q2
Updated: August 28, 2014 - 6:01 pm

WASHINGTON (AP) — 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.

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Ukraine conflict weighs on markets; Retailers fall
Updated: August 28, 2014 - 6:01 pm

U.S. financial markets ended slightly lower Thursday, marking their first loss in a week of record highs.

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