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Wednesday Morning Business Brief

September 3, 2014, 5:50 AM

Wednesday Morning Business Brief

International stock markets gained today, led by European shares in early trading after a cease-fire was announced in eastern Ukraine. Markets were also buoyed by new signs of strength in the U.S. economy and expectations that Europe's central bank will provide more support to the flagging region. Futures point to a positive start on Wall Street today. The dollar fell against the euro and the yen. Benchmark U.S. crude oil rose above $93 a barrel.

  • A spokeswoman for Home Depot says the company will alert customers if it confirms their personal information has been compromised. The Atlanta-based home improvement retailer has told The Associated Press that it's working with both banks and law enforcement to investigate unusual activity that could point to a hack.
  • The Obama administration has rejected a request that would have immediately permitted a low-cost air carrier to begin flights between the U.S. and Europe while the government is still reviewing its application for new service.  The Transportation Department said no to a request by Norwegian Air International that would have allowed the carrier to offer new service between London's Gatwick Airport and New York, Orlando, Florida, and other U.S. cities.
  • Proposals are being floated within the European Union for sports-based sanctions to punish Russia for its involvement in the Ukraine crisis. But diplomats say the immediate targeting of high-profile events like the 2018 World Cup is unlikely at this stage. An EU official with knowledge of the proposals says sports sanctions are under consideration as the EU works to prepare new measures by the weekend.
  • It'll be a grim day in Atlantic City today as thousands of newly laid-off casino workers are expected to turn out at the convention center for a mass unemployment filing. The session comes after a brutal weekend that saw more than 5,000 employees at the Showboat and Revel lose their jobs. More than 100 work stations will be set up to accommodate the newly jobless dealers, cocktail servers and other workers.

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