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Microsoft wins landmark appeal over seizure of foreign emails

By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Thursday said the U.S. government cannot force Microsoft Corp and other companies to turn over customer emails stored on servers outside the United States. The 3-0 decision by the 2nd U.S. Circuit Court of Appeals in Manhattan is a defeat for the U.S. Department of Justice and a victory for privacy advocates and for technology companies …

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Microsoft wins landmark appeal over seizure of foreign emails

U.S. prosecutors launch review of failed FedEx drug case

SAN FRANCISCO/WASHINGTON (Reuters) – The U.S. Department of Justice has begun a rare internal examination of what went wrong in the prosecution of a controversial drug conspiracy case against delivery service Federal Express , the department's top prosecutor in San Francisco told Reuters. The review plays into a broader debate about how the government prosecutes suspected corporate wrongdoing and could influence its approach to such cases in …

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U.S. prosecutors launch review of failed FedEx drug case

Oil falls on persistent glut fears, China data supports

By Ron Bousso LONDON (Reuters) – Crude futures dipped below $47 a barrel on Friday on concerns that a persistent global glut of crude oil and refined products will impede any price recovery. U.S. West Texas Intermediate (WTI) futures were down 50 cents at $45.18 a barrel. While the price collapse over the past two years has led to

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Oil falls on persistent glut fears, China data supports

Developer of Nintendo’s Pokemon GO aiming for rollout to 200 markets soon

By Makiko Yamazaki TOKYO (Reuters) – The head of the developer behind Nintendo Co Ltd's Pokemon GO said he wanted to launch the smash-hit mobile game in roughly 200 countries and regions “relatively soon” and was working on bolstering server capacity to enable the wider rollout. The game, which marries a classic 20-year old…

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Developer of Nintendo’s Pokemon GO aiming for rollout to 200 markets soon

Federal Reserve policymakers signal no rush to raise U.S. rates

Three Federal Reserve policymakers on Thursday expressed the view that there was no hurry to raise U.S. interest rates in the wake of the UK decision to leave the European Union, despite signs that the U.S. economy is near full employment. Ahead of the next Fed policy meeting on July 26-27, a core group are now happy to keep interest rates unchanged, potentially for months, whereas just…

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Federal Reserve policymakers signal no rush to raise U.S. rates

Fed’s Kaplan urges ‘slow, gradual, careful’ approach on rates

Global headwinds are undercutting the Federal Reserve's efforts to boost the U.S. economy, making low interest rates not nearly as stimulative as they were when the rest of the world economy was growing faster, a top Fed official said on Wednesday. A “slow, gradual, careful” approach to raising interest rates is therefore appropriate as the U.S. central bank deals with this new world of slower growth, Dallas Fed President Robert Kaplan said in a …

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Fed’s Kaplan urges ‘slow, gradual, careful’ approach on rates

Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance

NEW YORK/TEL AVIV (Reuters) – Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc's generics business to close “at any time,” even as the companies extended the deadline for completing the transaction to October to allow more time for the U.S. antitrust review. “We …

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Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance

U.S. posts $6 billion budget surplus in June

The U.S. federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier, the Treasury Department said on Wednesday. Receipts last month totaled $330 billion, while outlays were at $323 billion.

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U.S. posts $6 billion budget surplus in June

No more Tesla buyback guarantee as company cuts prices again

Tesla Motors Inc said on Wednesday it had discontinued its resale value guarantee program that assured buyers that cars would retain value over time, and lowered the starting price of its Model X crossover, the second time it has lowered prices this …

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No more Tesla buyback guarantee as company cuts prices again

U.S. economy shows few signs of sustained inflation pressure: Fed

The U.S. economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday. Wage…

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U.S. economy shows few signs of sustained inflation pressure: Fed

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