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Jul 2, 2015

Firms forecast consumer prices to rise 1.4% over a year

Companies in Japan expect year-on-year inflation to hit 1.4 percent a year from now, the Bank of Japan said in a survey report Thursday. The estimate was unchanged from the previous survey three months ago, and cautious compared with the 2 percent increase the ...

Jul 2, 2015

Robot kills man at Volkswagen plant in Germany

A robot has killed a contractor at one of Volkswagen’s production plants in Germany, the automaker said Wednesday. The man died Monday at the plant in Baunatal, about 100 kilometers (62 miles) north of Frankfurt, VW spokesman Heiko Hillwig said. The 22-year-old was part ...

Jul 2, 2015

PayPal buys international money-sending service Xoom

Online payment titan PayPal said Wednesday it is buying international money-sending service Xoom in a deal valued at $890 million. PayPal, a subsidiary of eBay, will pay $25 per share of Xoom in what amounts to a premium of 32 percent over the stock’s ...

Jul 2, 2015

U.S. probes whether airlines collude to keep airfares high

The U.S. Department of Justice said on Wednesday it is investigating whether U.S. airlines worked together illegally to keep airfares high by signaling plans to limit flights. The Justice Department wrote to major U.S. air carriers demanding that they detail decisions to limit the ...

Macy's to dump Trump line

Jul 2, 2015

Macy's to dump Trump line

Macy’s became the latest company to sever ties with a defiant Donald Trump on Wednesday, saying it would end the Trump clothing line following the mogul’s controversial remarks about Mexican immigrants. The move comes on the heels of announcements by Univision and NBC to ...

| Jul 1, 2015

Tokyo stocks rise on BOJ's tankan results

Stocks gained ground on the Tokyo Stock Exchange Wednesday, supported by stronger-than-expected results in the Bank of Japan’s tankan quarterly business sentiment survey. The 225-issue Nikkei average gained 93.59 points, or 0.46 percent, to close at 20,329.32. On Tuesday, the key market gauge rose ...