U.S. Retail Sales Unexpectedly Decline 0.5% in June

July 16 (Bloomberg) -- Bloomberg's Mike McKee reports that retail sales in the U.S. unexpectedly declined for a third straight month in June, a sign limited employment gains are taking a toll on the biggest part of the economy. The 0.5 percent drop followed a 0.2 percent decrease in May and was worse than the most-pessimistic forecast in a Bloomberg News survey in which the median projection called for a 0.2 percent rise. He speaks on Bloomberg Television's "In The Loop."
AB InBev to Buy SABMiller for $106 Billion in Record Deal
23:40 - Anheuser-Busch InBev agreed to buy SABMiller for almost 69 billion pounds ($106 billion), raising its bid after several rejections to clinch a record industry deal that will bring one out of every three beers sold worldwide under a single company. Bloomberg's Thomas Buckley has more on "Countdown." (Source: Bloomberg)
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