Doug Nidiffer, chairman of the board for C&K Market Inc., holds a ribbon outside the newly remodeled Chetco Pharmacy and Gifts on Chetco Avenue Saturday as Brookings City Council Ron Hedenskog and City Manager Gary Milliman, right, look on. C&K Market purchased the store last year. Submitted photo
Stocks fell on Tuesday, dropping in a broad selloff as a weak outlook from courier company UPS weighed on sentiment and pressured transportation stocks. Although a rally in telecom stocks helped to limit ...
The lawsuit was filed in Manhattan federal court, where dozens of cases against GM over the switch recall have been consolidated. Since the beginning of the year, GM has recalled nearly 15 million vehicles worldwide over potentially defective ignition switches. The company has set up a program, run by lawyer Kenneth Feinberg, to compensate victims of crashes involving about 2.6 million of those cars, mostly Cobalts, Ions and other small cars that it linked to 54 crashes and 13 deaths. Tuesday’s lawsuit covers claims that would not be eligible for the program, according to Robert Hilliard, the lawyer who filed the suit.
U.S employment growth likely retained enough momentum in July to help buoy the economy for the rest of the year. The recovery is on solid ground and we are expecting the data to show that in the month of July," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York. "Due to the strength in the labor market, we maintain that the weakness in economic growth in the first quarter is a one-off event and the trend in the labor market better represents the current direction of the economy," said John Silvia, chief economist at Wells Fargo in Charlotte, North Carolina. The Labor Department will release its monthly employment report, which is closely watched by financial markets around the globe, at 8:30 a.m. EDT (1230 GMT) on Friday.