J.P. Morgan to Accelerate Timeline for Cybersecurity Spending Boost

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J.P. Morgan said it expects to increase spending on cybersecurity in the coming years, accelerating its initial timeline of such spending growth.

J.C. Penney Hires Home Depot, Target Execs

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J.C. Penney has hired executives from Home Depot and Target to strengthen its online offerings. The moves come as Marvin Ellison—a veteran of both retailers—took over as J.C. Penney’s CEO on Aug. 1.

Foreign Investors Turn Frosty on Australian Debt

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The love affair with Australian government debt is now cooling as foreign investors sense the end of the global low-interest-rate era.

Sears Sales Deteriorate Further

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Sears Holdings revealed steep declines in second-quarter sales, though the retailer shored up its finances through a series of spinoffs and negotiations with its lenders.

China Proposes to Keep Online Payments in Check

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China is moving to regulate the previously freewheeling world of Internet payments, an initiative that some critics warn could stifle development in one of the most innovative sectors of the economy.

Fed Survey Finds Pickup in Demand for Loans

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Banks reported stronger demand for commercial and consumer loans in a variety of categories during the second quarter, a Federal Reserve survey found, suggesting a positive uptick in growth in the second half of the year.

Big Banks Charge Ahead With Cards

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Consumer demand for credit is rising while big banks lower their standards and raise credit limits.

U.S. Consumer Spending Up 0.2% in June

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Americans curbed their spending increases in June, a sign that weak wage growth might be weighing on consumers.

Eurozone Survey Shows Collapse in Greek Output

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Uncertainty over the country’s future relationship with the eurozone sent Greek manufacturing into a tailspin in July, but that had little impact on other parts of the currency area’s economy, as Italian factories had their best month in more than four years.

U.S. Manufacturers Expand at Slower Pace in July

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U.S. manufacturers expanded at a slower pace in July, according to a survey released Monday by the Institute for Supply Management, the latest signs of tepid growth in the sector.

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