US Business News

UPS to Buy Coyote Logistics for $1.8 Billion

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UPS said it agreed to buy shipping-services provider Coyote Logistics for $1.8 billion as delivery giants seek new ways to grow in a rapidly changing global economic and technological environment.

Pain Worsens for Oil Giants

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Exxon Mobil and Chevron reported their worst profits from pumping oil and natural gas in more than a decade as low crude prices lopped off billions of dollars from their quarterly haul.

U.S. Labor Costs Rise at Slowest Pace in Three Decades

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U.S. labor costs rose at the slowest pace in at least three decades in the spring, a sign of persistently sluggish wage growth that could weigh on the Federal Reserve’s decision to raise short-term interest rates.

Yahoo to Buy Social Shopping Site Polyvore

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Yahoo Inc. agreed to buy social shopping site Polyvore Inc., a move intended to enhance the portal’s “Mavens” growth strategy.

Fed's Bullard: 'In Good Shape' to Raise Rates in September

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Federal Reserve Bank of St. Louis President James Bullard says economic data seen since central bankers gathered this week are bolstering the case for raising short-term rates when officials meet in September.

Economy Picks Up but Stays in Its Rut

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The U.S. economy emerged from its winter lull with a moderate spring rebound, but the historically sluggish expansion is looking even more sluggish as it enters year seven.

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