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U.S. trade, jobs data encouraging; services sector disappoints

NEW YORK - The U.S. trade deficit narrowed in April on a drop in imports, which surged in March following the end of a West Coast ports labor dispute, while companies picked up their hiring in May after a pullback the previous month. | Video

Recent Business News

Wal-Mart relaxing dress code in bid to address worker concerns

- Wal-Mart Stores Inc said it was relaxing its dress code and raising the temperature at its stores as part of an effort to improve working conditions at its 4,555 U.S. locations.

1:25pm EDT

Hedge fund boss Paulson gives Harvard record $400 million

CAMBRIDGE, Mass. - Harvard University, which has educated many of the world's wealthiest investors, is now getting its biggest single gift from one them - a $400 million donation from Wall Street hedge fund investor John Paulson.

3:40pm EDT

VW signs deal to boost production of electric cars in China

FRANKFURT - Volkswagen on Wednesday said it signed a cooperation agreement with SAIC Motor Corporation to boost production, research and development of electric cars in China.

2:18pm EDT

Three Google directors survive challenge over pay

- Three Google Inc compensation committee members were re-elected on Wednesday, the technology company said at its annual meeting, despite a challenge from a high-profile proxy adviser that raised concerns over executive pay.

2:21pm EDT

Brokers were "tool in my armoury" for ex-trader Hayes, court told

LONDON - Tom Hayes, the first trader to face a jury trial over alleged Libor rate-rigging offences, told British investigators brokers in other firms became "a tool in my armoury" when they offered to help move rates for him, a London court heard on Wednesday.

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