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Will shoppers' increased spending in May last?
Americans loosened their purse strings in May, but it may have been a temporary splurge.Some major retailers such as Target and Macy's on Thursday posted sales increases that beat Wall Street estimates as shoppers were lured in by Mother's Day promotions and colorful new styles of clothing. The gains follow a dismal showing from the month beforeStill, it may not be time to celebrate just yet. Revenue

US filings for unemployment aid at a 5-week high
The number of Americans seeking unemployment benefits rose last week to a five-week high, evidence that the job market remains sluggish.

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Business leaders seek greater preschool access
Inadequate preschooling is causing Michigan students to fall behind early, making it harder to develop the talented workforce needed for the state to be competitive, business leaders said Wednesday.

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Countries begin last round of talks on outcome document
Countries on Tuesday began the last round of negotiations on an outcome document before they meet in Brazil next month at the United Nations Sustainable Development Conference (Rio+20), which seeks to shape new policies to promote prosperity, reduce poverty and advance social equity and environmental protection.

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Americans grew gloomier about the economy in May
Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady optimism.

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Euro falls to 22-month low on Spain downgrade
The euro plunged to a fresh 22-month low Tuesday after a ratings agency downgraded Spain's debt.

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