Jobless Claims Rise; Wal Mart Reports Earnings
Initial claims for U.S. unemployment insurance came in slightly higher than anticipated in the week ended August 11th, according to a report released by the Labor Department. Meanwhile, retail giant Wal Mart Stores, Inc. (WMT) reported a profit for the second quarter that increased 6 percent from last year, reflecting positive comps across all three geographic business units and store formats.
