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Wendy’s comparable sales miss as fewer diners eat out

Burger chain Wendy's Co reported lower-than-expected quarterly comparable sales on Wednesday as a fall in grocery prices encouraged more diners to eat at home, sending the company's shares down as much as 8 percent. Food prices have been on the decline in 2016, according to the U.S. Department of Agriculture. Poultry prices dropped 3.4 percent in June from a year earlier, while beef and veal prices fell 6.7 percent, helped by lower transportation costs due to a fall …

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Wendy’s comparable sales miss as fewer diners eat out

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Oil near six-month high as outages support

By Alex Lawler LONDON (Reuters) – Oil traded at around $49 a barrel on Tuesday within sight of a six-month high, supported by supply outages in Nigeria, Canada and other producers that are eroding a persistent glut. “Globally, there are still a lot of supply disruptions and this comes on top of natural declines,” said Olivier Jakob, oil analyst at Petromatrix. “It does bring forward the expected rebalancing in the second half.” Beside unplanned outages, supply from…

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Oil near six-month high as outages support

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Home Depot raises forecasts after strong start to the year

“After last week's dismal set of retail trading updates, Home Depot provides some much needed relief and also an indication of where consumers are spending their money,” Håkon Helgesen, an analyst at research firm Conlumino, said in a note. Home Depot said its strong start to the year was helped by “week-to-week demand spikes caused by weather variability

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Home Depot raises forecasts after strong start to the year