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USA Business News
Walmart sees sales stagnate in US
CBJ – Feb. 22 – Walmart ended 2010 on unsteady footing, closing the year with firm earnings even as the retail giant found its U.S. sales stuck in the mud. Bentonville, Ark.-based Walmart (NYSE: WMT) saw its sales in the United States fall 0.5 per ...
American Airlines rehires more flight attendants
CBJ – Feb. 18 – American Airlines will bring 200 furloughed flight attendants back into its workforce in the latest sign of the recovery of the U.S. air travel industry. According to Bloomberg, the announcement follows a similar re-hiring of 368 attendants on Feb. 9. ...Reforms needed to ensure global currency balance: Bernanke
CBJ – Feb. 18 – Global fiscal imbalances mean G20 nations need to agree to “strengthen the rules of the game,” Federal Reserve Chairman Ben Bernanke told the Financial Stability Review Launch Event today in Paris. Insisting nations with undervalued currencies must let their currencies ...Top tech minds meeting Obama today: report
CBJ – Feb. 17 – U.S. President Barack Obama will meet with leaders from Apple Inc., Google Inc. and Facebook today, according to Reuters. Apple CEO Steve Jobs, Facebook founder Mark Zuckerberg and Google CEO Eric Schmidt will meet with the president, according to the ...Food price hikes outpace inflation in January
CBJ – Feb. 17 – Inflation held steady at 0.4 per cent last month in the U.S. as food prices – and particularly the cost of eating at home – took a jolt. Two thirds of the increase in the Consumer Price Index increase – ...Unemployed increasingly turned away from jobs, agency told
CBJ – Feb. 16 – Employers are increasingly wary of the unemployed and hiring only employed workers, the U.S. Equal Employment Opportunity Commission was told today. In a public meeting in Washington today, experts like Helen Norton, associate professor at the University of Colorado School ...
Borders files for bankruptcy
CBJ – Feb. 16 – Borders Group Inc., the second-largest bookstore in the U.S., has filed for chapter 11 bankruptcy, the company said today. Borders will close “approximately 30 per cent” of the company's 650 U.S. stores in the coming weeks.“It has become increasingly clear ...
Starbucks checks into 500,000 hotel rooms
CBJ – Feb. 15 – Starbucks Corp. has inked a deal that will see its single-serving coffee provided in up to half a million hotel rooms in the United States. Seattle-based Starbucks (Nasdaq: SBUX) will have coffee prepared for new partner Courtesy Products' CV1 brewers ...NYSE, Deutsche Börse formally announce merger
CBJ – Feb. 15 – Stock exchange operators NYSE Euronext Inc. and Deutsche Börse AG, the operator of the Frankfurt Stock Exchange, have made it official. The companies announced today they will merge, with Deutsche Börse's shareholders claiming 60 per cent of the combined group. ...GE buys up Wood Group's well business
CBJ – Feb. 14 – General Electric Co. is buying John Wood Group Plc's well support division for US$2.8 billion, the company announced yesterday. “With world-class products and people, Wood Group’s well support division is an excellent strategic fit with our business model of high ...
Production of the penny ends this year and it's gradually being phased out of public circulation. Is the government doing the right thing?
