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Recalls this week: dry erase boards, sweaters, mattresses

DETAILS: Quartet Magnetic and Dry Erase Boards sold between January 2005 and December 2013. The boards were sold in eight sizes, including 5 ½ x 14, 8 ½ x 11, 11 ½ x 11 ½, 11 x 17, 12 x 12, 14 x14, 17 x 17 and 17 x 23. They were sold at Ace Hardware, Fred Meyer, Menards, Office Depot and other stores nationwide. FOR MORE: Call ACCO Brands at 800-611-6654 from 8 a.m. to 5 p.m. CT...
Source: The Associated Press | By: By The Associated Press
Why US may not help Puerto Rico

Here's why Congress is unlikely to get involved in Puerto Rico's debt problems, says Stephen Myrow.
Source: CNBC.com | By: Stephen A. Myrow, managing partner at Beacon Policy Advisors
UPDATE 2-Philips' earnings easily beat forecasts, cautious on China

*CEO says increasingly worried about, China, Russia, LatAm. FRANKFURT, July 27- Philips reported higher quarterly medical equipment sales and improved margins in its consumer and lighting businesses on Monday but cautioned that growth was slowing in China and other emerging markets. Chief Executive Frans van Houten said in a statement he was encouraged by...
Source: Reuters
Qualcomm's cost-cutting plans  

Qualcomm announced plans to reduce spending by roughly $1.4 billion and cut about 15 percent of its workforce.
Source: CNBC.com
Paul Singer takes on Samsung: Faber Report  

There's a fight brewing in South Korea, reports CNBC's David Faber, with the latest details on the battle between Elliott Management CEO Paul Singer and Samsung.
Source: CNBC.com
47 million face severe storms, possible tornadoes

Almost 50 million Americans were facing the threat of severe thunderstorms and possible tornadoes Monday, forecasters said.
Source: NBC News | By: Alistair Jamieson
Cramer on NYSE halt: Find a stock you love  

What to watch in the markets as trading is halted at the NYSE, with CNBC's Jim Cramer.
Source: CNBC.com