Metro-East News

July 31, 2014

Daily business briefing: U.S. jobless claims increase

More American applied for unemployment benefits last week, but jobless claims still remain at pre-recession levels. Weekly applications rose 23,000 to a seasonally adjusted 302,000. The prior week's claims were revised down to 279,000, the lowest since May 2000. Find out more at http://www.bnd.com/business. ...

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Exxon Mobil Corp. has reported its net income grew by 28 percent in its second quarter, to $8.78 billion. That is up from $6.86 billion recorded during the second quarter last year. Read more at http://www.bnd.com/business. ...

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Second-quarter net income at MasterCard climbed by 9.8 percent. The company reportedly benefited from volume growth as it handled more transactions during the recent quarter. Find out more at http://www.bnd.com/business. ...

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Target has named PepsiCo executive Brian Cornell as its new chief executive officer. Cornell replaces John Mulligan, who had been acting as interim chief executive since May after former CEO Gregg Steinhafel resigned following a data breach. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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