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U.S. wholesale stockpiles rose in May at the weakest pace in five months as companies kept their supplies in line with slower sales.
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US stocks sink on Portugal worries

Ken Sweet, Associated Press  |  posted 17 minutes ago
The U.S. stock market sank at the open Thursday after worries emerged overnight about the financial stability of one of Portugal's largest financial firms. The worries also spread to the European stock and bond markets.
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US stocks sink on Portugal worries

The Associated Press  |  posted 27 minutes ago
U.S. stocks are dropping in early trading amid financial jitters in Europe and disappointing retail earnings.
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Market mood turns sour as Dow falls short of 17k

Pan Pylas, Associated Press  |  posted 46 minutes ago
The failure of the main U.S. indexes to break through key thresholds and financial jitters in Europe weighed on markets Thursday as investors grew skeptical over the near-term outlook for stocks.
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US unemployment aid applications fall to 304,000

Christopher S. Rugaber, Associated Press  |  posted 57 minutes ago
Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years.
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India's new government unveils growth budget

Kay Johnson, Associated Press  |  posted Jul 10th - 6:31am
India's new government introduced a reform-minded budget Thursday, telegraphing a contentious overhaul of populist subsidies and vowing to lift economic growth to rates of 7-8 percent by spending billions of dollars on infrastructure.
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Greece raises cash in 3-year bond auction

The Associated Press  |  posted Jul 10th - 6:10am
Greece has raised 1.5 billion euros ($2.04 billion) in an auction of three-year bonds, its second debt issue in three months after a long absence from the international markets.
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More 'headline-grabbing' corporate deals expected

Pan Pylas, Associated Press  |  posted Jul 10th - 6:10am
More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.
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UAW: Union local coming to Tenn. Volkswagen plant

The Associated Press  |  posted 6 minutes ago
An official with the United Auto Workers union, which suffered a stinging defeat in its attempt to unionize Volkswagen's assembly plant in Tennessee earlier this year, says it is announcing the formation of a new local at the plant.
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NY emergency health facility opens after Sandy

Frank Eltman, Associated Press  |  posted 7 minutes ago
For the first time since Superstorm Sandy in 2012, residents of one Long Island community are receiving emergency health services in their city.
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Bank fears reignite Portugal market tensions

Barry Hatton, Associated Press  |  posted Jul 10th - 7:02am
Worries over the health of one of Portugal's largest financial groups hit the country's stock market hard Thursday and pushed up its borrowing rates.
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5 journalists jailed 10 years for Myanmar stories

The Associated Press  |  posted Jul 10th - 7:02am
Four reporters and the chief executive of the magazine they work for were sentenced Thursday to 10 years of hard prison labor for violating Myanmar's national security by writing and publishing stories about a weapons factory.
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US, China talk cyberhacking amid new allegations

Bradley Klapper, Louise Watt, Associated Press  |  posted Jul 10th - 6:50am
Top American officials said Thursday they challenged their counterparts in China to rein in alleged cybersecurity infringements as a new allegation emerged of a brazen attempt by Chinese hackers to break into U.S. government personnel files.
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Malaysia hikes rate to curb inflation, debt

The Associated Press  |  posted Jul 10th - 6:20am
Malaysia's central bank has raised its benchmark interest rate for the first time in three years to curb inflation and household debt as economic growth picks up.
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Indians balk at $33 million statue in new budget

Muneeza Naqvi, Associated Press  |  posted Jul 10th - 6:10am
In a country grappling with poverty, sluggish growth and a daunting deficit, India's new budget has set aside 2 billion rupees ($33 million) for a colossal iron-and-bronze statue almost twice the size of the Statue of Liberty.
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