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"Tax prep specialist H&R Block Inc late Tuesday said its fiscal fourth quarter earnings fell 11 percent from last year, owing to restructuring costs and store closures. "

"The faltering economic growth is not able to support job growth and June is expected to be another weak month in respect of the job market. The number of applications for unemployment benefits in the latest week is above a level that is too high to lower the unemployment rate. "

"The Labor Department's report Friday, showing growth in non-farm payrolls in June was only 80,000, has put pressure on the Federal Reserve to boost the economy by launching a new round of bond purchases to lower borrowing costs and spur hiring. "

"The shares of Acme Packet Inc dropped 16 percent as it forecast quarterly results that fell far short of expectations, amid a broad selloff in the technology sector. It said that lower forecast was the result of continued weakness in its North American business."

"Concerns regarding the global slowdown were heightened when Cummins lowered its full-year sales projections attributing it to weak demand for its heavy machinery. It expects sales to remain flat at last year's level of $18 billion."