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U.S. job growth cools, unemployment rate rises

WASHINGTON - U.S. job growth slowed a bit in July and the unemployment rate unexpectedly rose, pointing to slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while. | Video

Recent Business News

Berkshire profit soars 41 pct to a record on investment gains

- Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high, reflecting substantial investment gains and improved results in manufacturing, service and retail businesses.

6:58pm EDT

Exclusive: JPMorgan's proposed $4.5 billion deal to be accepted for most trusts

NEW YORK - Trustees representing investors in JPMorgan Chase & Co's $4.5 billion settlement over money-losing mortgage-backed securities are expected to accept the bank's proposal for the vast majority of their trusts, according to a person familiar with the matter.

Apple $450 million e-book settlement wins court approval

NEW YORK - Apple Inc on Friday won preliminary court approval for its $450 million settlement of claims it harmed consumers by conspiring with five publishers to raise e-book prices.

Tech, Media 3:41pm EDT

Allergan sues Valeant, Ackman for alleged insider trading

- Botox maker Allergan Inc on Friday accused rival Valeant Pharmaceuticals International and billionaire investor William Ackman of violating securities laws by using insider information as they prepared a takeover bid for the drug company.

6:57pm EDT

Jobs data bolsters Yellen's argument on labor market slack

WASHINGTON - The U.S. Federal Reserve has made a big bet that recovery of the labor market is a long way from creating a worrisome surge of inflation. A range of economic data on Friday suggested the Fed has been reading the odds well.

12:17pm EDT

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