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Reflecting an upward revision from a preliminary reading, Thomson Reuters and the University of Michigan released a report on Friday showing that consumer sentiment unexpectedly improved in the month of August. The final August reading on the consumer-sentiment index rose to 82.5 from a final July...

PersonalIncome-082914.jpg Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame.

U.S. stocks are poised for a slightly higher open Friday, in what is expected to be a very quiet session ahead of the Labor Day weekend. With many traders away from their desks getting a head start on the last summer holiday, stocks are likely to hold monthly gains despite mounting tensions between...

eurozonejobless-inflation-082914.jpg Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs. The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012.

Biglots-082914.jpg Broadline closeout retailer Big Lots, Inc. reported Friday higher net profit in its second quarter with increased net sales and comparable store sales, despite weak margins. Further, the company lifted the lower end of its earnings forecast for fiscal 2014, and backed comps growth view.

wallstreet-101008_25Aug14.jpg Trading in the U.S. index futures suggests that Wall Street stocks may open slightly higher on Friday after yesterday's lackluster showing. Asian stocks closed mixed in an uneventful session, while the European markets are trading in a lackadaisical fashion. The domestic markets may now focus on a couple of economic data on consumer spending and regional manufacturing activity.

Tesco-082914.jpg Shares of Tesco Plc. declined around 9 percent in early morning trading on the London stock exchange after the British supermarket chain warned Friday of lower trading profit for its first half and full-year 2015, citing ongoing challenging trading conditions as well as its continuing investment in customer offer. The company also reduced its interim dividend by 75 percent.

avago-082814.jpg Avago Technologies Ltd. (AVGO) on Thursday reported a swing to third-quarter loss even as revenues almost doubled, as the Singapore-based chip maker hurt by higher research costs and restructuring charges as well as asset write-downs. Nonetheless, the company's adjusted earnings trumped analysts' expectations,...

wallstreet2-082814.jpg U.S. stocks finished lower on Thursday, with the S&P 500 snapping a three-session win streak to end below 2,000. The optimism that has recently driven the major averages to strong gains was never present today despite a better-than-expected reading on second quarter GDP. Revised figures announced...

Oil-042512_28Aug14.jpg U.S. crude oil ended higher for a third straight session Thursday, amid supply concerns and worries over developments in Ukraine, even as crude stockpiles in the U.S. declined more than expected last week. Ukraine has accused Russian forces of seizing a border town in the eastern part of the country....

Goldbars2-022513_28Aug14.jpg Gold futures ended higher on Thursday, on its safe haven appeal with investors keeping away from the riskier equity assets, tracking declining U.S. and European markets, even as the situation in Ukraine worsened. U.S. stocks continued to trend lower on escalating tensions between Ukraine and Russia,...

Xiaomi-082814.jpg Xiaomi Corp, the smart phone maker that outsmarted Samsung and Apple premium brands in China, is all set to establish a toehold in India, on a wider plan to conquer other parts of the globe. The decision of the Chinese smart phone maker to establish research and development division in Bangalore is vital as India, along with China and Brazil would account for one third of smart phones users by 201

joblessclaims-082814.jpg Layoff activity remained subdued last week, according to new government statistics released on Thursday. The figures will likely further fuel hope that the labor market is improving, despite the somewhat sluggish job statistics that were released earlier this month.

GDP-082814.jpg The U.S. economy expanded faster during the second quarter than people had previously estimated, according to updated government statistics released on Thursday. Revised figures announced by the U.S. Commerce Department showed that Gross Domestic Product, a broad measure of economic activity, rose...

U.S. stocks are poised for a decent start to Thursday's session after a better-than-expected reading on second quarter economic growth. The U.S. economy grew at a slightly faster 4.2 percent annual pace in the second quarter, up from the 4 percent growth rate first reported, the Commerce Department...