Economists expect growth to rebound to more than 3% in the third quarter, with a healthy labor market supporting consumer spending.
The acquisition by the PE firm may help Rackspace compete with the likes of Amazon and Google in the cloud computing services market.
The finance function is finally starting to delve into advanced analytics and can influence its use outside of finance as well.
The July report also shows a 1.6% increase in core capital goods orders, fueling hopes of a pickup in business investment.
The retailer's same-store sales dipped 5.2% and it is getting another $300 million in financing from CEO Edward Lampert's hedge fund.
Companies should vary the budgeting model used for particular business units and functions, research shows.
The US-China Business Council reports 90% of firms were profitable last year but business confidence continues to decline.
The agency is projecting lower-than-expected tax revenue, with most of the drag coming from falling corporate profits.
The U.S. housing market continues to be a bright spot for the economy amid historically low mortgage interest rates.
The retailer's same-store sales and profit for the second quarter beat expectations, fueled by a 23% increase in domestic online revenue.