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Global stocks mixed ... Japan posts trade surplus of $5.1 billion ... Nestle's first-half profits dip



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BEIJING (AP) — Most global stocks are mixed today after Wall Street edged higher on news the U.S. Federal Reserve is in no hurry to raise interest rates. But Japan's benchmark fell after July trade declined. Markets in France, Germany and Britain are up in early trading. The CAC and the DAX are down. On Wall Street, Dow futures are up, while the S&P is unchanged.

WASHINGTON (AP) — The Labor Department will report today on the number of people who filed for unemployment benefits last week. Also, Freddie Mac will release this week's mortgage rates. Wal-Mart Stores will report quarterly financial results before the market opens. The Gap will report earnings after the closing bell.

TOKYO (AP) — Japan posted a trade surplus of 513.5 billion yen ($5.1 billion) in July, though exports sank 14 percent from a year earlier as the yen surged against the dollar. The fall in exports by the world's third-largest economy was outpaced by a nearly 25 percent drop in imports, suggesting persisting weakness in domestic demand. Both were the sharpest monthly year-on-year drops since 2009. Japan posted a trade deficit of 261.4 billion yen in July 2015.

GENEVA (AP) — Swiss food and beverage giant Nestle says first-half profits dipped due to a one-time tax expense even as revenues edged up behind growth in its key North American food business and despite a slowdown in the Chinese market. The Vevey, Switzerland-based maker of Kit Kats and Lean Cuisine, says net profit came in at 4.10 billion Swiss francs ($4.27 billion), down from 4.52 billion francs a year earlier, due to a 400-million franc deferred tax adjustment. Sales rose under 1 percent to 43.16 billion francs.

SALT LAKE CITY (AP) — Federal prosecutors have filed an antitrust case against a Salt Lake City-based company that's part of a little-known industry specializing in tracking down heirs to unclaimed inheritances. Kemp & Associates Inc. and executive Daniel Mannix are accused in an indictment of conspiring with other companies for more than 14 years so they wouldn't have to compete with each other. Prosecutors contend that strategy unfairly drove up prices for the heirs. Mannix's defense attorney denies any wrongdoing.

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The Associated Press

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