Latest Business News: New Data Leads to Restated Annual Sales Rates for U.S. Auto Sector

Wochit 0:53 mins

The U.S. auto industry's weaker-than-expected overall sales results for July disappeared after the federal government released updated data used to compute the annual sales rate each month. July's drop in the unemployment rate takes the nation closer to a 7 percent threshold outlined by Federal Reserve Chairman Ben Bernanke as the point around which the central bank would likely end bond purchases, a top Fed official said. All this has happened before and all this will happen again. The latest numbers show that Android has now overtaken iOS as the world's most-used tablet operating system, thanks largely to a flood of smaller devices put on the market by Samsung.

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