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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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Week Ahead

Today

•National Association of Realtors reports on existing-home sales for March

Tuesday

•Commerce Department reports on new-home sales for March

Wednesday

•Commerce Department reports on durable goods for March

•Germany’s Ifo institute releases its monthly index of business confidence, a closely watched indicator for Europe’s biggest economy

Thursday

•Labor Department reports on weekly jobless claims

•Freddie Mac, the mortgage company, reports on weekly mortgage rates

Friday

•Commerce Department releases first-quarter gross domestic product

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