Consumer prices rose more than expected in June as gasoline prices jumped, but underlying inflation pressure remains benign against the backdrop of lukewarm domestic demand. A determination by ... more 
Consumer prices rose more than expected in June as gasoline prices jumped, but underlying inflation pressure remains benign against the backdrop of lukewarm domestic demand. A determination by Europe's most powerful central bankers to keep interest rates low might save the continent's fragile banking system from short-term pain but undermines long-term profitability and encourages excessive risk-taking. Stocks are opening slightly lower on Wall Street as traders are mostly unimpressed with the latest batch of corporate earnings. Coca-Cola dropped 3 percent to $39.74, the worst drop in the Dow Jones industrial average, after reporting a slump in soda sales in North America. less 
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Wochit
Tue, Jul 16, 2013 11:50 AM EDT