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Latest Business News: Royal Bank of Scotland Appoints New Chief Executive

Wochit 1:04 mins

The Royal Bank of Scotland named the head of its retail operation, Ross McEwan, to become its new chief executive, as it reported a $332 million net profit in the second quarter of the year. U.S. employers added 162,000 jobs in July, a modest increase and the fewest since March. The gain was still enough to help lower the unemployment rate to a 4?-year low of 7.4 percent, a hopeful sign in an otherwise lackluster report. Dell's board has agreed to an increased offer from founder Michael Dell that would add a special-dividend to shareholders.The company says a group led by its founder and the investment firm Silver Lake Partners will tack a one-time shareholder payout of 13 cents per share to a previous offer,to buy the company for $13.75 per share.

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