A State Department official said two volunteers were under isolation after having contact with a person who later died of the virus. Ebola has killed more than 670 people in West Africa. http://www.npr.org/2014/07/31/336743868 … 038;f=1001
The Senate is expected to pass the measure this week. It would expand government programs and provide funds for vets who unable to access VA services to see private doctors. http://www.npr.org/blogs/thetwo-way/201 … 038;f=1001
Both the Commerce Department and the Federal Reserve gave the economy good marks after years of slack performance. The Fed still frets about jobs but generally is upbeat, predicting “moderate” growth. http://www.npr.org/2014/07/30/336648031 … 038;f=1001
Israel’s army declared a humanitarian cease-fire on Wednesday but said it did not apply to all areas. A market that Palestinians had thought was safe was hit, killing 17 and wounding dozens more. http://www.npr.org/blogs/thetwo-way/201 … 038;f=1001
Republicans in the House are holding a floor vote to allow Speaker Boehner to sue President Obama. They believe he’s overstepped his constitutional authority; specifically, the resolution would authorize a federal lawsuit for Obama’s handling of the Affordable Care Act. http://www.npr.org/2014/07/30/336603451 … 038;f=1001
(Rooders) – RadioShack Corp may run out of cash as early as October 2015, giving the struggling electronics retailer little time to turn around its business, a Moody’s Investors Service report said.
The company’s shares closed down 11.78 percent at 68 cents on Tuesday, increasing concerns over a possible delisting.
“Absent a credible turnaround strategy to improve sales growth and increase earnings, RadioShack will be hard pressed to remain relevant in the increasingly competitive mobile phone and consumer electronics business,” Moody’s analyst Mickey Chadha said.
RadioShack has posted losses for nine consecutive quarters and it has struggled to shut more than 1,000 stores in the United States in the face of opposition from lenders.
The company’s comparable-store sales fell 14 percent in the first quarter, as it struggles to compete with rival Best Buy Co Inc and online retailers such as Amazon.com Inc .
RadioShack, which started its first retail store in Boston in 1921, has also seen a string of executives leave.
Barring any infusion of cash, RadioShack will run out of liquidity at the end of the its third-quarter of fiscal 2015 ending October, Moody’s said in a report.
The company’s cash balance fell to $62 million at the end of its first quarter in May from $180 million in December 31, 2013, the ratings agency said.
Radioshack was not immediately available for comment.
The company said on Friday it had received a warning from the New York Stock Exchange that it could be delisted after its stock closed below $1.00 for more than 30 consecutive trading days.
RadioShack’s shares have fallen 71 percent in the last 12 months. They last closed over $1 on the New York Stock Exchange on June 19.
Under NYSE rules, the company has six months following receipt of the notification to regain compliance with the minimum share price requirement.
Former Minnesota Gov. Jesse Ventura said his reputation had been damaged by an account of a fight in a book. In a split verdict, a federal jury agreed with him. http://www.npr.org/blogs/thetwo-way/201 … 038;f=1001
Washington Post reporter Liz Sly tells Renee Montagne that U.S. arms may be flowing to moderate Syrian rebels, but the aid seems to be too little too late to affect the course of the civil war. http://www.npr.org/2014/07/29/336228189 … 038;f=1001
A California judge sided with Shelly Sterling against her husband, Donald Sterling, giving the green light to the sale of the team, which she’d arranged in May. http://www.npr.org/blogs/thetwo-way/201 … 038;f=1001
An American-owned company that supplies meat to fast food chains in China has pulled all its products made by a subsidiary. An expose revealed that some of the products were mishandled and expired. http://www.npr.org/blogs/thesalt/2014/0 … 038;f=1001