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Business Highlights

The Associated Press

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Juul stops advertising e-cigarettes, replaces CEO

WASHINGTON (AP) — Juul Labs Inc. says it will stop advertising electronic cigarettes in the U.S. and replace its chief executive as it and other brands face backlash from two public health debacles. Mysterious breathing illnesses and teen vaping have triggered efforts to crack down on the largely unregulated industry. The nation's largest e-cigarette maker said Wednesday that it won't fight a proposed Trump administration ban on vaping flavors that can appeal teens. States also are passing restrictions..

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US stocks rebound on housing data, Trump trade deal remark

NEW YORK (AP) — U.S. stocks finished broadly higher Wednesday after President Donald Trump indicated that a deal to resolve the long-running, costly trade dispute with China could happen soon. Trump's remarks, in addition to a sharp increase in sales of new U.S. homes, helped reverse an early slide for stocks. Technology companies led the rally, which snapped a three-day losing streak for the market. Bond yields rose.

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Committees finish work in GM talks, top bargainers take over

DETROIT (AP) — Contract talks between General Motors and striking United Auto Workers took a big step toward an agreement Wednesday when committees finished their work and sent it to the top bargainers. The move means that minor issues largely are resolved, and a few bargainers for both sides will now try to come to terms on wages, use of temporary workers and other contentious issues. UAW Vice President Terry Dittes outlined the development in a letter to members.

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Alexa in your ear: Amazon launches wireless earbuds

NEW YORK (AP) — Amazon wants to make sure you don't leave home without Alexa. The online shopping giant unveiled wireless earbuds at a Seattle event Wednesday, its first major attempt at getting its Alexa voice assistant outside the home and worn by customers all day. Amazon says the earbuds will start shipping in October and cost $130.

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US new home sales climbed a healthy 7.1% in August

WASHINGTON (AP) — U.S. new home sales jumped 7.1% in August, as low mortgage rates are pulling buyers into the housing market. The Commerce Department says that new homes sales increased to a seasonally adjusted annual rate of 713,000, up from a revised 666,000 in July.

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Best Buy sees growth in health care technology for elderly

NEW YORK (AP) — The nation's largest consumer electronics chain, known for selling TV sets, cellphones and laptops, is looking to health care as a big source of its future growth. Best Buy Co. said Wednesday that in five years it hopes to provide 5 million seniors with health monitoring services, which can range from sensors placed throughout a home to a pendant worn around the neck. It currently provides the service to 1 million.

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Bulgarian economist selected as new leader of IMF

WASHINGTON (AP) — A Bulgarian economist who grew up when her country was a communist nation has been selected to be the next leader of one of capitalism's premier institutions, the 189-nation International Monetary Fund. Kristalina Georgieva, a top official at the World Bank, was chosen by the IMF's executive board on Wednesday to become the IMF's managing director. She succeeds Christine Lagarde who is stepping down to take over as head of the European Central Bank.

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Postal union accepts reform, quashes US walkout threat

GENEVA (AP) — Nearly 150 countries have reached a compromise that will keep the United States in the world's largest union of postal operators, following a threat by the Trump administration to quit unless it got its way. The head of the 192-member Universal Postal Union, Kenya's Bishar Hussein, had warned that a U.S. walkout would "completely shut down" the traditional system of delivering bulky letters.

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4Q crucial for retailers, who face uncertain outlook

NEW YORK (AP) — The fourth quarter is the most crucial time of the year for many retailers, who hope to make a significant portion of their revenue and profits during that time. But several factors this year are making retailers' success uncertain. Consumers are anxious and spending less. The Trump administration's tariffs on Chinese-made goods are sending prices higher for clothing and home items. And traditional merchants will continue feeling pressure from shoppers' growing preference for internet stores.

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Trump: US, Japan agree on 1st stage of new trade agreement

UNITED NATIONS (AP) — U.S. President Donald Trump on Wednesday announced the "first stage of a phenomenal new trade agreement "with Japan that expanded market access and eliminated tariffs for agriculture and industrial goods and digital trade, and indicated officials were still negotiating toward a bigger deal. Trump described the deal with Japan, the world's third largest economy, as "outlining the significant steps we're taking toward a fair and reciprocal trade agreement."

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The S&P 500 index rose 18.27 points, or 0.6%, to 2,984.87. The Dow Jones Industrial Average gained 162.94 points, or 0.6%, to 26,970.71. The Nasdaq climbed 83.76 points, or 1.1%, to 8,077.38. The Russell 2000 index of smaller companies picked up 17.07 points, or 1.1%, to 1,550.65.