Shell to cut 6,500 jobs as cheap oil hurts profits

Royal Dutch Shell (RDS.A) said Thursday that it will cut about 6,500 jobs and capital investment this year as it restructures and dumps some businesses to prepare for a “prolonged

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Stocks cut early losses, turn mixed

Stocks cut early losses and were trading mixed at midday Thursday as investors digested a batch of mixed corporate earnings and a report of slightly lower than expected but decent

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Economy bounces back: GDP grows 2.3% in second quarter

The U.S. economy bounced back in the second quarter on stronger consumer spending, exports and home construction, and its performance in the first quarter wasn’t as feeble as initially believed.

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Pressure on Greece continues as central bank says no credit increase

The European Central Bank said Sunday it won’t increase the level of emergency credit to Greek banks, increasing the turmoil over the Greece’s bailout negotiations and financial future. The move

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Greece crisis could overshadow jobs, Fed

This coming holiday week was supposed to be all about the June jobs report and what it means for the Federal Reserve’s interest rate hike plans. But the messy Greece

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SpaceX’s Falcon 9 rocket explodes on launch

A SpaceX Falcon 9 rocket carrying supplies for the International Space Station broke apart less than three minutes after a 10:21 a.m. Sunday blastoff from Cape Canaveral Air Force Station.

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Search for escaped prisoners heats up after possible sighting

The manhunt for two killers who escaped a northern New York state prison more than two weeks ago focused on an area along the Pennsylvania border Sunday after a local

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Economy Shrank in the First Quarter

Last fall when the dollar was soaring on global currency markets, it seemed only a matter of time before it started to increase the United States trade deficit and dampen

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Regions Bank fined $7.5M for overdraft fees

Regions Bank will pay a $7.5 million fine for improperly charging overdraft fees to hundreds of thousands of customers, a federal regulator said Tuesday. The Alabama-based bank with branches and

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IBM earnings: $2.91 per share adjusted vs expected EPS of $2.80

IBM reported first-quarter adjusted earnings per share that topped Wall Street expectations, but revenue fell just short of estimates on Monday. The technology company posted earnings of $2.91 per share,

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