Saks, Wal-Mart show widening U.S. consumer split (Reuters)

Reuters – At luxury department store chain Saks Inc , customers were buying more designer suits at full price. Yahoo! News: Business News
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Dell outlook disappoints, shares down (Reuters)

Reuters – Dell Inc posted quarterly revenue slightly below expectations and said sales for the present quarter would be flat, sending its shares down 4.9 percent in after-hours trading. Yahoo! News: Business News
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Fitch affirms U.S. AAA rating, disagrees with S&P (Reuters)

Reuters – Fitch Ratings on Tuesday confirmed the United States’ top-notch credit rating and, in blatant disagreement with rival Standard & Poor’s, gave a vote of confidence to Washington’s deficit-reduction efforts. Yahoo! News: Business News
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New IEA head brings people skills, Middle East expertise (Reuters)

Reuters – The burden of oil on a broken world economy and damaged ties with OPEC will be major challenges for Dutch politician and former teacher Maria van der Hoeven when she takes over as head of the International Energy Agency on September 1. Yahoo! News: Business News
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Allstate sues Goldman over mortgage debt losses (Reuters)

Reuters – Allstate Corp on Monday sued Goldman Sachs Group Inc , accusing the Wall Street bank of causing losses by hiding the risks more than $ 123 million of mortgage securities it bought. Yahoo! News: Business News
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