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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 15, 2009
Page
14
Higher energy costs pushed wholesale prices up 1.8 percent in June with core prices also rising, while retail sales increased 0.6 percent mainly due to higher gas prices and auto sales. Economists expect energy gains to be temporary and inflation fears to remain modest amid a cooling economy.
New York based Goldman Sachs emerged as Wall Street leader with 2.7 billion dollars in second quarter profits driven by stronger underwriting of stock and debt deals and higher risk trading. The bank recovered from a 3.29 billion loss last fall while rivals faced bigger loan losses.
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