Dow Chemical Co. posted a second-quarter loss Thursday on charges related to the buyout of a smaller rival and dismal sales, yet the company turned an unexpected profit excluding one-time charges. Shares rose more than 7 percent. Executives with the Midland,…

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Business – Dow Chemical Company – Rohm and Haas – Dow Chemical – Chemicals

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Dow Chemical’s 2Q surprises and shares jump 7 pct

Barrick Gold Corp., the world’s leading gold producer, reported a slight increase in second-quarter profit despite a jump in costs as it produced more gold that fetched a higher average price. The results beat Wall Street estimates and the Toronto-based…

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Barrick Gold – Business – Record producer – Precious metal – Mining and Drilling

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Barrick Gold 2Q profit rises, beats street view

NEW YORK (Reuters) – MetLife , the largest U.S. life insurer, on Thursday posted a quarterly net loss of $1.4 billion, as investment losses left its balance sheet in the red for the second consecutive quarter.

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MetLife posts $1.4 billion quarterly net loss

Banks nudged up borrowing from the Federal Reserve’s emergency lending facility over the past week, but cut back on other programs designed to ease the financial crisis. The overall picture, though, still suggests some credit stresses are easing. The Fed, in…

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Federal Reserve System – Business – Financial crisis – Ben Bernanke – Federal Reserve

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Banks edge up borrowing from Fed emergency program

BY JEANNINE AVERSA
The Associated Press

WASHINGTON — The worst bite from the recession into the U.S. economy may well be past _ but that doesn’t mean an end to the pain, especially when it comes to job losses.

Friday’s report on gross…

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What does GDP report mean to you?

LOS ANGELES (Reuters) – The Walt Disney Co posted a 26 percent lower profit on Thursday as the global economic woes pulled down operating profits by double digits at its powerhouse media networks and theme parks.

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Disney profit pulled lower by parks, networks

NEW YORK (Reuters) – Stocks rose on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500′s two days of losses.

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Wall St. rallies on earnings; jobless claims help

The stock market is a day away from locking in its best July in 20 years. Stocks added to an already impressive run Thursday as another round of earnings reports gave investors new reasons to be optimistic about the economy. The Dow Jones industrial average…

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Wall Street – Business – United States – Investing – Stocks and Bonds

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Earnings reports extend market’s big July rally

MetLife Inc. said Thursday it lost $1.43 billion in the second quarter as it booked losses on its investments. For the period ended June 30, the New York-based insurer reported a loss of $1.74 per share. That compares with net income of $915 million, or $1.26…

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Metropolitan Life Insurance Company – New York City – Insurance – New York – United States

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MetLife posts 2Q loss as investment income falls

Fewer people are claiming jobless benefits, leading economists to project that next week’s employment report will show a sharp drop in job losses for July compared with June. Claims for jobless aid, which track layoffs and firings, are trending downward in a…

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Jobless claims – Business – United States Department of Labor – Unemployment benefits – Unemployment

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Decline in unemployment claims lifts hopes on jobs

YRC Worldwide posts a huge second-quarter loss as customers defected amid bankruptcy rumors and the recession continued to depress shipping demand overall. The Overland Park, Kan.-based company said Thursday it posted a loss of $309 million, or $5.20 per…

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Bankruptcy – YRC Worldwide – Overland Park Kansas – Recession – Company

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YRC Worldwide posts huge 2Q loss as demand drops

Family entertainment company The Walt Disney Co. says its third-quarter profit fell 26 percent from a year ago, hurt by the tough global economy. Net income in the three months ending June 27 sank to $954 million, or 51 cents per share, from $1.28 billion, or…

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Tulane University – Star Wars – Nintendo Wii – Games – Medical school

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Disney 3Q net profit falls 26 percent

Retailers are geared up for back-to-school shopping. But getting recession-weary parents similarly stoked _ now, that might be tricky. Stores are doing more than ever to win business this back-to-school season _ lengthening it; focusing on more T-shirts,…

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T-shirt – Retailing – Shopping – Clothing – Casual

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Thrifty is the latest back-to-school trend

A bankruptcy judge on Thursday approved Delphi Corp.’s plan to hand control of the big auto parts supplier to its lenders and soon end a nearly four-year stay under Chapter 11 protection. U.S. Judge Robert Drain said the plan is in the best interests of both…

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Delphi – Delphi Corporation – Chapter 11 Title 11 United States Code – General Motors – Business

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Bankruptcy judge approves lender’s bid for Delphi

Kathleen Byrnes and Justin Choi, a married couple attending medical school at Tulane University, say $40 is just too much to fork over for a Nintendo Wii game they might not enjoy. They haven’t bought one since last fall, when they picked up “Star Wars: The…

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New Jersey – Wall Street Journal – Great Depression – Peggy Noonan – United States

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Game makers pause, reload: Are price cuts next?