WASHINGTON (MarketWatch) - One week after falling to a 14-year low, the number of people who applied for U.S. unemployment benefits rose sharply last week but remained near a postrecession bottom.
The numbers: Whole Foods Market's profits rose 6.3% to $151 million, or 41 cents per share, in the quarter ending July 6. Sales grew 10% to a record $3.4 billion.
What can Samsung do to turn around its fortunes amid weak mobile-phone sales? The Wall Street Journal's Yun-Hee Kim speaks with Nam Hyung Kim, a partner at Arete Research.
Panasonic Corp. (6752) agreed to help set up the battery factory that Tesla Motors Inc. (TSLA) Chairman Elon Musk needs to sell more electric cars, without settling its share of the investment costs.
Target Corp. (TGT), struggling to fix a botched expansion in Canada and undo the lingering damage of a holiday hacker attack, hired PepsiCo Inc. executive Brian Cornell as chief executive officer.