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Japan’s economy grows 4.1 pct amid recovery

Japan’s economy grew at an annual rate of 4.1 percent from January to March amid a gradual recovery from last year’s catastrophic earthquake and tsunami.

J.C. Penney’s shares in free-fall after 1Q loss

Wall Street doesn’t seem to like J.C. Penney’s new everyday low pricing any better than Main Street does.

Target’s 1Q profits up 1.2 percent

Target Corp. raised its profit outlook Wednesday after reporting better-than-expected first-quarter results that were boosted by increased spending on food and cheap chic fashions.

News Summary: JPMorgan loss seen raising questions

BIG JPMORGAN LOSS CITED: A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control risks. Republican lawmakers reject Democrats’ calls for stricter oversight of Wall Street.

Price of oil still falling as supplies grow

The price of oil continues to decline on the expectation that world markets will be flush with extra supplies this year.


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Greek turmoil leads to losses on Wall Street

More turmoil in Greece caused fallout across the financial markets.

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