U.S. services, factory data point to moderate economic growth

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U.S. services, factory data point to moderate economic growth

U.S. services sector activity slowed in May as new orders tumbled, but a jump in employment to a near two-year high pointed to sustained labor market strength despite a deceleration in job growth last month.

The moderation in…

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U.S. judge may tap Feinberg to run $1 billion Takata compensation fund

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U.S. judge may tap Feinberg to run $1 billion Takata compensation fund

A federal judge may tap attorney and longtime compensation adviser Kenneth Feinberg to oversee claims for nearly $1 billion that Takata Corp (7312.T) will pay out to victims of defective air bag inflators linked to…

Apple debuts HomePod speaker to bring Siri into the living room

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Apple debuts HomePod speaker to bring Siri into the living room

Apple Inc (AAPL.O) on Monday introduced the HomePod, a voice-controlled speaker that can make music suggestions and adjust home temperatures, taking aim at Amazon.com Inc's (AMZN.O) Alexa feature and Echo devices.

The…

Dollar hits seven-month low, stocks, oil retreat as caution reigns

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Dollar hits seven-month low, stocks, oil retreat as caution reigns

Escalating tensions in the Middle East, the impending testimony of the former FBI director, British elections and a European Central Bank meeting this week, all took their toll on Asian stocks, oil and the dollar on…

Supreme Court tightens rules on where companies can be sued

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Supreme Court tightens rules on where companies can be sued

The U.S. Supreme Court on Tuesday tightened rules on where injury lawsuits may be filed, handing a victory to corporations by undercutting the ability of plaintiffs to bring claims in friendly courts in a case involving Texas-based…

Green mutual funds bounce back after Trump-induced retreat

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Green mutual funds bounce back after Trump-induced retreat

After U.S. President Donald Trump's election last November, investors pulled nearly $68 million from so-called "green" mutual funds, reflecting fear that his pro-coal agenda would hurt renewable energy…

Investors cash in on profitable month of May ends, sterling slides

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Investors cash in on profitable month of May ends, sterling slides

Stocks flatlined on Wednesday as investors used the last day of May to protect gains built up in what has been yet another lucrative month, while sterling fell after an opinion poll suggested the ruling Conservatives could…