U.S. job growth cools, unemployment rate rises

WASHINGTON - U.S. job growth slowed in July and the unemployment rate unexpectedly rose, pointing to slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while. | Video

Recent Business News

Auto sales growth slowed in July

DETROIT - U.S. auto sales growth slowed a bit in July, with healthy gains from some manufacturers falling short of expectations, according to early returns from the major carmakers on Friday. | Video

10:20am EDT

P&G to sell up to 100 brands to revive sales, cut costs

- Procter & Gamble Co , the world's largest household products maker, said it could sell about half of its brands in an effort to revive sales growth and cut costs, sending its shares up as much as 4 percent.

11:33am EDT

Harley-Davidson recalls motorcycles due to ignition problem

- Harley-Davidson Inc is recalling more than 3,000 motorcycles to fix an ignition switch issue that can cause the bikes to stall and crash, the U.S. National Highway Transportation Safety Administration said on Friday.

11:40am EDT

Chevron second-quarter profit tops estimates on higher oil, gas prices

- Chevron Corp , the second-largest U.S. oil company, reported better-than-expected quarterly profit on Friday as higher energy prices offset rising expenses and production dips in Kazakhstan.

9:03am EDT

July factory activity expands at fastest pace in 39 months: ISM

- The U.S. manufacturing sector expanded last month at the fastest pace in more than three years boosted by a jump in its new orders and employment readings, an industry report released on Friday showed.

10:21am EDT


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