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Sagging stock markets... Eurozone unemployment declines... Wal Mart seeks to cut some workers' hours

By The Associated Press | Posted - Sep. 1, 2015 at 4:30 a.m.



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TOKYO (AP) — Global stock markets sagged today as gloomy manufacturing data from China and weak investment figures in Japan augured further uncertainty for investors after a brutal August. An official index of Chinese manufacturing fell to a three-year low last month in another sign of slower-than expected growth in the world's No. 2 economy.

BRUSSELS (AP) — Unemployment in the 19-country eurozone fell to 10.9 percent in July from 11.1 percent in June. The European Union's statistics agency, Eurostat, says that the figure is the lowest since February 2012. The rate, however, remains at an uncomfortably high level for the currency union, with 17.5 million people out of work.

WASHINGTON (AP) — The Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for August. And the Commerce Department will report on U.S. construction spending in July.

NEW YORK (AP) — Wal-Mart says it is asking some stores to schedule workers for fewer hours, although it says the directive is only being given to stores that are assigning more hours than they were expected to. The world's largest retailer says the instructions apply only to a small number of its 4,500 U.S. locations that are scheduling workers for more hours than expected.

SAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer has her own reason for saying "Yahoo!" — she's pregnant with identical twins. Mayer says on a posting on her blog that she and her husband are expecting twin girls in December. Mayer says she will take some limited time away but work during the pregnancy as she did with her son's birth three years ago.

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The Associated Press

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