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Higher card use, better payments lift Discover 2Q
For the three months ended May 31, the Riverwoods, Ill.-based credit card company said net income available to common shareholders rose to $593 million, or $1.09 per share, compared with $185 million, or 33 cents per share, in the year-ago quarter.Unemployment applications jump by most in a month
Applications rose by 9,000 to a seasonally adjusted 429,000 last week, the Labor Department said. It was the second increase in three weeks and the biggest jump in a month. Applications have been above 400,000 for 11 straight weeks.Judge gives conditional approval of plan by auto-parts supplier Delphi to exit bankruptcy
NEW YORK AP _ A judge said Tuesday he would approve the bankruptcy exit plan of auto parts supplier Delphi Corp. once it drastically reduces the total payout of cash bonuses to top executives.The company's plan is a reorganization blueprint that largely shifts its manufacturing to cheaper overseas plants and eliminates tens of thousands of union jobs in the U.State AI Legislation Is on the Move in 2024
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