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Wall Street Journal What's News: Episodes

Stocks end higher in light trading; new details in the investigation into Johnson and Johnson's Motrin recall; and retail sales take a surprising dip in May.
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Retail sales fell 1.2% in May as consumers pulled back their spending on everything from cars to clothing. BP is considering deferring or reducing its second-quarter dividend.
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BP confirmed that it's considering deferring or reducing its second-quarter dividend ... U.S. companies are holding more cash than at any point on record ... Dell's chief executive has emerged as an additional target of an SEC inquiry ... and the World Cup begins play today
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Stocks soar on positive sentiment in Europe and solid economic data in the U-S; the government's budget deficit grows at a slower pace than last year, and the Britich government shows signs of support to B-P over the oil spill and cleanup effort.
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The number of U.S. workers filing new claims for unemployment benefits dipped slightly in the first week of June while continuing claims fell to the lowest level in 18 months. The U.S. trade deficit widened a bit in April, as the value of crude imports hit the highest level in a year and a half.
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China's trade surplus reached $19.53 billion in May ... BP says it sees no justification for the collapse in its share price ... a panel reviewing the AIG bailout said taxpayers "remain at risk for severe losses" ... and the foreclosure crisis appears to be leveling off
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Stock rally fades on comments from the German Chancellor; beige book shows economic growth in all areas of the country; and a WSJ survey says economists are sticking to their forecast of slow growth into 2011.
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Federal Reserve Board chairman Ben Bernanke says economic growth this year is unlikely to be strong enough to lead to much improvement in the job picture. The number of mortgage applications filed in the U.S. last week slumped.
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It was a good night for women candidates in primary-election contests ... a battle over how investment partnerships are taxed is coming to a head ... Santander will buy Bank of America's nearly 25% stake in the Spanish bank's Mexican unit ...and Chrysler is preparing a sustained marketing push
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Stocks rise on reassuring words from the Fed chair; gold hits record levels as some investors look for safer bets; and General Motors recalls one and a half million vehicles for a windshield wiper problem.
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Federal Reserve Chairman Ben Bernanke said the U.S. economy seemed to have enough
momentum to avoid a ``double-dip'' recession. Small-business activity in the U.S. may finally be recovering from the collapse seen during the 2008 credit crisis.
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A government commission probing the financial crisis accused Goldman Sachs of stalling ... voters in 11 states are casting ballots in primary elections today ... and Honda's been hit by another strike in southern China
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Stocks fall as unease over Europe's credit crunch continues; consumer credit gains in April, but the numbers show the consumer is still not confident with their finances; and Apple unveils its latest iPhone.
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BP said it has continued to increase the amount of oil it is collecting from the Gulf of Mexico spill. Chrysler confirmed it is recalling Jeep Wranglers and minivans world-wide over brake-line and sliding-power-door issues.
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Asian stock markets tumbled today amid fresh fears that Europe's debt crisis is spreading to Hungary ... AT&T; and India's Reliance Communications have had informal talks about a potential deal ... and the Spanish company Grifols will acquire Talecris, a U.S. maker of plasma medicines
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Jittery investors sell on the weker than expected jobs report; businesses add 431 thousand jobs in May, however all but 20 thousand were due to the census; and McDonald's recalls 12 million collectible glasses due to potentially toxic painted decorations.
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The U.S. economy added jobs in May, but the gains were inflated by temporary government hiring for the 2010 Census and weren't enough to bring unemployment down much. BP said some oil was flowing up a pipe from a cap it placed on its broken Gulf of Mexico well, but crude still spewed out.
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It's unclear how successful BP's latest spill-containment effort will be ... Japan elected Naoto Kan its new prime minister ... and McDonald's is recalling 12 million "Shrek" drinking glasses
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Stocks edge higher as investors await government jobs data; Fed chairman Ben Bernanke says high unemployment continues to be a concern; and GE raises its sales and profit forecasts for appliances.
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Multiple indicators pointed to improvement in the labor market, but recovery continues to come at a slow pace. Rising demand for airplanes pushed up U.S. factory orders in April.
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