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Troubled Retailer Buckle Inc Disappoints with Slumping Sales

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Fashion Retailer Part of a Pattern of Retail Bankruptcies Buckle Inc, an American fashion retailer known for its jeans line, has announced another month of dipping sales. The company—which sells women’s, men’s, and kids’ clothing, shoes, and accessories—has announced that its comparable store sales fell in the four-week period ending August 26 by 7.9%, compared to (more…)

Disney to Cut 10% of Its Costs: Up to 300 Layoffs Possible

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Disney’s Television Group Likely to Get Hit with a String of Layoffs Media entertainment giant Walt Disney Co is initiating a restructuring effort that will allow it to cut the annual costs of its television division by about 10%. Up to 300 jobs are at stake as Disney seeks to reduce is operating expenses.

Government Agencies Brace for Mortgage Defaults in Harvey-Hit Houston

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Harvey-Stricken Houston Homeowners Could Default on Their Mortgages Many Houston, Texas homeowners have been forced to leave their homes that were destroyed by Hurricane Harvey and the resultant flooding. Finding a place to live is their biggest worry now, so covering their monthly mortgage payments may no longer be on their agenda. Affected homeowners do not know (more…)

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U.S. GDP at 3.0%; Warren Buffet Says it Feels More Like 2.0%

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Numbers don’t lie. But maybe they sometimes do. U.S. revised second-quarter gross domestic product (GDP) came in at three percent, but billionaire investor Warren Buffet said it certainly doesn’t feel like three percent. According to the Commerce Department, the U.S. economy grew faster than expected in the second quarter, notching its quickest pace in more (more…)