General Motors today reported its profit nearly doubled in the 2nd quarter thanks to higher prices on its cars and trucks. Analysts believe GM
may have made a permanent turn from its unprofitable days of the past.
Initial claims for unemployment insurance declined in the last week of July, the U.S. Labor Department said. Economists like Mesirow Financial's Diane Swonk say this puts the onus on central banks to juice the economy.
Jobs For America, a call center collation, said today it's hoping to create up to 100,000 jobs in the next two years in the call center industry -- jobs coming back from being outsourced to places like India and the Philippines.
Shares of Japanese companies Hitachi and Mitsubishi Heavy Industries surged today after reports surfaced that the two companies were planning to merge. The union would create one of the world's largest companies.
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