Home Depot rides on smaller remodeling projects to top sales, profit estimates

By Deborah Mary Sophia (Reuters) -Home Depot on Tuesday posted better-than-expected quarterly results, cemented by Americans’ steady spending on small-scale projects around their homes even as they sharply cut back on larger remodeling and renovation. Shares of the company, which announced a new $15 billion share repurchase program, rose about 1%, with the second quarter…

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Major League Baseball umpire loses appeal of discrimination lawsuit

By Jonathan Stempel NEW YORK (Reuters) -A federal appeals court on Tuesday refused to revive longtime umpire Angel Hernandez’s lawsuit accusing Major League Baseball of racial discrimination. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan rejected the Cuban-born umpire’s arguments that the league’s promotion practices, including its failure to promote…

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Canadian inflation jumps in July, raising prospect of another rate hike

By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada’s annual inflation rate surged more than expected to 3.3% in July as core measures eyed by the central bank remained stubbornly high, data showed on Tuesday, increasing the likelihood of another interest rate increase. Analysts polled by Reuters had forecast inflation would rise to 3.0%…

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Ukraine ploughs funding into fortifying border with Russia, Belarus

KYIV (Reuters) – The Ukrainian government is to build new fortifications and military infrastructure in northeast regions that border Russia and Belarus at a cost of nearly $35 million, Prime Minister Denys Shmyhal said on Tuesday. “At the request of Kharkiv and Chernihiv…we are allocating 911.5 million hryvnias ($24.7 million) for Kharkiv and 363 million…

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