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AP Business News

    AP Top Business News At 11 a.m. EDT

    US wholesalers slow restocking as sales weaken
    WASHINGTON (AP) -- U.S. wholesale stockpiles rose in May at the weakest pace in five months as companies kept their supplies in line with slower sales....

    US stocks fall on Portugal worries
    NEW YORK (AP) -- Worries about the soundness of a European bank pushed U.S. stocks lower Thursday and sent global investors hunting for less risky assets....

    Bank fears reignite Portugal market tensions
    LISBON, Portugal (AP) -- Worries over the health of one of Portugal's largest financial groups hit the country's stock market hard Thursday and pushed up its borrowing rates....

    US unemployment aid applications fall to 304,000
    WASHINGTON (AP) -- Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years....

    Stigmatized nuclear workers quit Japan utility
    TOKYO (AP) -- Stigma, pay cuts, and risk of radiation exposure are among the reasons why 3,000 employees have left the utility at the center of Japan's 2011 nuclear disaster. Now there's an additional factor: better paying jobs in the feel good solar energy industry....

    WellPoint CEO: Insurer readies for technology wave
    NEW YORK (AP) -- WellPoint CEO Joseph Swedish says that when people ask what a doctor's appointment will be like in the future, they assume that patients will physically have to visit an office....

    UK govt seeks data retention law after EU verdict
    LONDON (AP) -- Concerned after a European court ruled in favor of citizens' right to privacy, Britain's prime minister pledged Thursday to rush through emergency measures to force phone and Internet companies to store call and search records for a year....

    More 'headline-grabbing' corporate deals expected
    LONDON (AP) -- More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing....

    Average US 30-year mortgage rate rises to 4.15 pct
    WASHINGTON (AP) -- Average U.S. rates on fixed mortgages edged up slightly this week, remaining near historically low levels....

    India's new government unveils growth budget
    MUMBAI, India (AP) -- India's new government introduced a reform-minded budget Thursday, telegraphing a contentious overhaul of populist subsidies and vowing to lift economic growth to rates of 7-8 percent by spending billions of dollars on infrastructure....

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