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Asia stocks edge up, await China GDP, dollar rises as yields spike

TOKYO Asian stocks inched up to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields.

Recent Business News

Blue Apron cuts 6 percent of its workforce

Blue Apron Holdings Inc said it had cut about 6 percent of its total workforce, nearly four months after going public, as the meal-kit delivery company comes under increasing pressure from deep-pocketed rivals such as Amazon.com Inc .

6:59pm EDT

U.S. bankers hold onto hopes that Trump will boost profits

NEW YORK Top U.S. bankers are still hoping that President Trump's administration will make policy changes to boost profits, but made clear in public comments in recent days that they are not seeing any signs of progress so far.

8:41pm EDT

Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt

BOSTON Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if obligations are honored.

7:39pm EDT

ADP is already making changes Ackman wants: CEO

NEW YORK Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday.

Tech, Money 9:53pm EDT

Ford to recall 1.34 million trucks in North America for door latch fix

WASHINGTON Ford Motor Co said on Wednesday it would recall 1.34 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million.

4:03pm EDT


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