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Business

  • China detains employees of suspect meat seller
    Five employees of a company accused of selling expired beef and chicken to McDonald’s, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the
  • Meat supplier in China scandal has global reach
    It isn’t a household name, but the company at the center of a food scandal in China helps make some of the world’s most popular foods, including the Big Macs and Quarter Pounders served at McDonald’s locations.
  • IMF sees US growth at weakest since recession
    U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter.
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U.S. futures mixed after S&P closes at 5-year high

NEW YORK (AP) — Stock futures are mixed in light volume with markets awaiting the next rush of earnings reports

Dow Jones industrial futures are down 3 points to 13,403. The broader S&P futures have lost 0.40 points to 1,466.70. Nasdaq futures are up a point at 2,738.

Traders appear to be holding their positions a day after the Standard & Poor's 500 Index ended at a five-year peak.

Also Friday, the government reports on the U.S. trade gap for November. The forecast is that the deficit narrowed to $41.3 billion from $42.2 billion in October. Later Friday, the Treasury reports on the federal budget for December.

Wells Fargo on Friday is the first major bank to post earnings, They'll be followed next week by the global financial services company, Morgan Stanley.

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