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Walmart Making Changes To Attract Customers

Posted On October 16, 2014

(Undated) -- Walmart is making some changes to get customers back. Facing stagnant sales and less traffic in stores, company executives say they plan on cutting back store investments and spending more on e-commerce. The retail giant is also planning on making changes in the stores themselves such as improving the customer experience, beating competitors'…

Fed Comments Lead To Stocks Rally

Posted On October 16, 2014

(Undated) -- Stocks are close to going into positive territory after comments from St. Louis Fed President James Bullard. Speaking in a Bloomberg News interview, Bullard suggested the Fed should consider pausing its quantitative easing taper at its next meeting. Markets then rallied as the Dow improved from being 170-points in negative territory to being…

Home Builder Confidence Falls

Posted On October 16, 2014

(Undated) -- Home builder confidence is down after jumping to its highest level in nearly a decade last month. The National Association of Home Builders/Wells Fargo Housing Market Index shows a five-point drop in October. The NAHB says despite this month's dip, builders remain upbeat about the long-term trend in housing recovery. High prices are…

Weekly Jobless Claims Lowest In 14 Years

Posted On October 16, 2014

(Undated) -- First-time unemployment claims are the lowest since the Clinton administration. Figures from the Labor Department this morning show 264-thousand Americans filed first-time claims for benefits last week. That's a drop of 23-thousand from the week before and it's the lowest since April of 2000. The four-week moving average also is at a 14-year…

Goldman Sachs Posts Big Q3 Profit

Posted On October 16, 2014

(Undated) -- Goldman Sachs is reporting a 50-percent jump in its third quarter profit. The investment bank had more than two-billion dollars in earnings for the quarter, up from just over one-point-four billion last year. Goldman Sachs says last month's big boost in bond market activity helped bump up trading revenue.