Mall deal boosts cell phone coupon program at malls
Simon Property Group teams with Shopkick to reward shoppers with coupon offers as they walk into 25 malls in New York, Los Angeles, San Francisco and Chicago. Four retailers including Macy’s and Best Buy will begin offering Shopkick deals. expansion to 100 centers is planned. The system avoids GPS tracking.
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Shopkick Inc
Simon
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Shopkick
Trade gap signals slower U S growth and job risk
U S trade deficit nears 50 billion for June, exports slide 1.3 percent while imports rise 3 percent. With a 2.4 percent preliminary Q2 growth, economists warn the pace may halve as overseas demand wanes Europe struggles with debt, Europe EU deficit up 26 percent, and the Dow drops over 260 points. Nigel Gault of HS Global Insight and Paul Dales of Capital Economics offer cautious forecasts.
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Job openings drop for second straight month
Washington reports show June job openings at 2.54 million, down from 2.6 million in May, with total openings at 2.9 million as government postings rise. The data imply hiring will remain weak, with about 4.25 million jobs found and 4.35 million lost in June, a net loss near 100,000. Private layoffs hover near pre-recession levels, signaling a sluggish recovery.
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Washington, D.C
Labor Department
Henry Mo
Credit Suisse
Obama admin to provide 3B housing aid to unemployed homeowners
The Obama administration will allocate 3 billion dollars to help homeowners facing foreclosures in hard hit labor markets. Treasury distributes 2 billion to 17 states with unemployment above average and 1 billion to a HUD program offering emergency zero interest loans up to 50 000 for up to two years.
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