U.S. economy grows 4.2 percent in second quarter
The economy expanded at a 4.2 percent annual pace in Q2 the best in almost four years. Trade boosted growth by 1.2 points but is expected to trim gains in Q3. Consumer spending held at 3.8 percent while business investment rose 8.7 percent amid tariff policy and Fed rate moves.
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Samsung Electronics board chair indicted over labor union crackdown
South Korea prosecutors indict Samsung Electronics chair Lee Sang-hoon for leading an operation to suppress a 2013 labor union at the customer service unit. The case adds to corporate legal troubles as Jay Y. Lee faces a separate corruption ruling on appeal.
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Bed Bath & Beyond dives after forecasting cut
Bed Bath & Beyond stock dropped to an 18 year low after weak quarterly results and forecast cuts. The retailer posted a near 50 percent drop in profit year over year and sees earnings around 2 per share for the current year.
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