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Consumers paid more for autos and clothes in June

Consumer prices fell last month for the first time in a year because of a steep drop in gas costs. But Americans paid more for […]

Milan exchange slumps on contagion fears

Banks led Italian shares sharply lower Friday amid mounting concerns that the country may get dragged into Europe’s debt crisis.
The Milan Stock Exchange was trading […]

Bahrain Shiite bloc asks: Join or snub talks?

Just days before Bahrain’s Sunni rulers hope to open talks with the Shiite opposition they crushed, the country’s most powerful pro-reform bloc is asking supporters […]

China’s Tightening Will Slow as Inflation Peaks, Ex-PBOC Adviser Fan Says - Bloomberg

China’s monetary policy may shift to “less tightening” in the second half of this year after inflation likely peaked in April or this month, said […]

Jobless Claims in U.S. Unexpectedly Jump - Bloomberg

The number of claims for U.S. unemployment benefits unexpectedly rose last week, pushed up by auto-plant shutdowns and other unusual events that seasonal variations failed […]

Harper Wins Clear Path to Tax, Spending Cuts in Canadian Vote - Bloomberg

Canadian Prime Minister Stephen Harper won a majority of seats in Parliament for the first time, giving his Conservative Party a mandate to secure the […]

Brazil to ‘Play Tough’ on Inflation, Rousseff Says in Speech - Bloomberg

Brazil’s government will “play tough” on inflation to defend the value of workers’ salaries, President Dilma Rousseff said in a television and radio broadcast last […]

Ingersoll-Rand to divest Bridgeton-based Hussmann unit

Ingersoll-Rand announced Thursday that it is seeking to sell its refrigerated display unit Hussmann, which employs more than 500 people in the St. Louis area, […]

Apple soars on strong iPhone sales

Apple Inc. on Wednesday reported another exceptional quarter, nearly doubling its net income and far exceeding analysts’ estimates on the strength of the seemingly unstoppable […]