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Market for tech systems to fight terror bombs on track to top $2 billion by 2022

Manpreet Romana | AFP | Getty Images A US Marine of 2nd Marine Expeditionary Brigade runs to safety moments after an IED blast in Garmsir district of Helmand Province in Afghanistan on July 13, 2009. The counter-IED market is forecast to reach $2.03 billion by 2022, up from an estimated …

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US business inventories rebound as sales fall

Shawn Patrick Ouellette | Portland Press Herald | Getty Images A forklift operator moves bottles of Poland Spring water at the Hollis facility in Hollis, Maine. U.S. business inventories rebounded in May as sales recorded their biggest drop in 10 months, government data showed on Friday. The Commerce Department said …

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Big UK firms curtail investment plans, consumer slowdown deepens

Simon Dawson | Bloomberg | Getty Images Shoppers walk past a Gap Inc. clothing store in London, U.K., on Thursday, May 25, 2017. The chances of Britain’s economy picking up steam diminished further on Monday as surveys showed major companies have curtailed their investment plans and that consumers spent less …

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Qatar Airways becomes fourth airline to be granted US laptop ban exemption

John Gress | Getty Images A Qatar Cargo Boeing 777F plane and an American Airlines Airbus 321 prepare for take off at Los Angeles International Airport in Los Angeles, California. Qatar Airways became the fourth airline in the Middle East to announce it would be exempt from measures banning laptops …

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EU and Japan strike free trade deal

Francois Walschaerts | AFP | Getty Images European Council President Donald Tusk (L), Japanese Prime Minister Shinzo Abe (C) and President of Commission Jean-Claude Juncker pose for a picture at the European Council on July 6, 2017 Japan and the European Union have formally agreed an outline free trade deal …

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Cash-strapped LeEco’s CEO pledges to take all responsibility, repay debts

Patrick T. Fallon | Bloomberg | Getty Images Jia Yueting, founder and chief executive officer of LeEco speaks at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Tuesday, Jan. 3, 2017. It’s a big promise for Jia, who founded Beijing-based LeEco. The company was once a …

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Consumer sentiment hits 95.1 in June vs. 94.5 estimate

Consumer attitudes soured in June as U.S. consumer sentiment slid to a seven-month low, a new report showed on Friday, though still rising slightly above economists’ expectations. U.S. consumer sentiment fell to 95.1 in June, sinking 2.1 percent from May and hitting the lowest level since November 2016. Economists expected …

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‘Life is not smooth’ for Bruce Berkowitz, who’s now betting on Sears

The top mutual-fund manager of the 2000s has lost billions in assets this decade, and is now betting big on Sears to spark his comeback, one of the hardest-hit stocks of the 2010s, the Wall Street Journal reported Thursday. Bruce Berkowitz’s Fairholme Fund has lost 89 percent of its assets …

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Empire State Building lit in Qatar Airways’ colors amid dispute

Eduardo Munoz Alvarez | AFP | Getty Images People look at the New York skyline with the Empire State Building lit in burgundy and white in honor of Qatar Airways and its 10th Anniversary of flying to the United States, as seen from Weehawken, New Jersey on June 27, 2017. …

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Toshiba says it’s suing Western Digital for $1 billion

Kazuhiro Nogi | AFP | Getty Images A shareholder of Toshiba arrives at a shareholders’ meeting in Chiba, Chiba prefecture in Japan on June 28, 2017. Japan’s Toshiba said on Wednesday it is filing a lawsuit against joint venture partner Western Digital. Toshiba is claiming 120 billion yen ($1.07 billion) …

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