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Latest Business News: U.S. Wholesale Inventories Drop Most in Over a Year and Half

Wochit 0:44 mins

U.S. wholesale inventories fell in May by the most in over a year and a half, the second straight monthly decline and a sign that restocking by businesses could weigh against economic growth in the second quarter. Stocks are little changed in early trading on Wall Street as investors look ahead to the release of minutes from the latest policy meeting of the Federal Reserve. The ailing mobile phone maker BlackBerry is eyeing additional layoffs beyond the 5,000 announced during its last fiscal year, says the Wall Street Journal.

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