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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 27, 2015
Page
13
Schlumberger and Cameron agreed to a $12.7 billion stock and cash merger creating the world's largest oil field services company. Cameron shares jumped 41 percent to $59.93, Schlumberger fell 3.4 percent to $70.09. The deal awaits Cameron and regulatory approvals.
Walmart began pulling modern sporting rifles like the AR-15 from its shelves citing weak customer demand per spokesman Kory Lundberg. The move, made earlier this year, shifts focus to other sports and hunting firearms.
United States average certificate of deposit yields edged higher by Wednesday with investors watching Fed policy and inflation data. Banks posted varied rates across term lengths as demand shifted amid market volatility and economic outlook signals.
Rates.usatoday.com lists more interest rate figures sourced from Bankrate.com. JAE YAI is noted in the prompt as a reference point for the data source.
Construction activity climbs with housing starts up 11.3 percent and commercial spending up 9.7 percent, yet a severe labor shortage dims growth. Builders report 70 percent of carpenters and 86 percent of commercial crews hard to fill, driving up wages and prices while delaying projects and reducing inventories.
Ten S&P 500 components led a Wednesday rebound with an average 5.5 percent rise, including Google Apple and Microsoft. The group added about 173 billion in paper gains amid the broader market recovery from May 21 highs, though overall losses remain steep.
The Dow surges over 600 points on bets the Fed will hold rates in September while earlier selling hints stocks are overvalued. Global growth slows with weak commodity markets, especially oil below 40, and China Europe Latin America show strain. Investors chase risk, hoping for growth but fearing asset bubbles. Trish Regan anchors the Fox Business report.
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