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CalSTRS pares down U.S. equity exposure in market's record run

Record high U.S. stock prices are providing the California State Teachers' Retirement System with profit-taking opportunities as it cuts exposure to U.S. equities and moves money off shore, the plan's chief investment officer told Reuters on Wednesday.

Tesla hikes pay to quell unrest at key German supplier

Luxury electric carmaker Tesla offered pay rises and job guarantees to defuse labor tensions at a key German supplier, whose founder and chief executive left the company late last month, German labor officials said on Wednesday.

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