January sales rise but at a sluggish pace
Posted on February 13, 2013 at 23:45 PM EST
January sales rise but at a sluggish pace RETAILJanuary sales rise, but by a mild 0.1%Retail sales in the U.S. rose at a slower pace in January as an increase in payroll taxes took a bite out of consumers' paychecks. A two percentage-point increase last month in the tax that funds Social Security reduced take-home pay, countering some of the gains in household disposable income from an improving job market. MEDIAReuters trimming 2,500 jobs in 2013News and financial information company Thomson Reuters on Wednesday said it is cutting 2,500 jobs, or about 4 percent of its workforce, this year as it tries to reduce costs and turn around its largest division. CEO Jim Smith told analysts that the company is eliminating the positions from its financial and risk division, which rents out trading terminals to the financial industry. The call for putting medications through a chain of custody like U.S. courts require for evidence in a trial comes a week after the Food and Drug Administration warned doctors, for the third time in about a year, that it discovered a counterfeit batch of the cancer drug Avastin that lacked the real tumor-killing ingredient. Customers are pulled into Groupon's e-commerce marketplace through advertising on search engines, a method that's more effective than e-mailed discounts because the promotions appear on the screen without requiring users to open messages.
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