U.S. service firms grew in May at the slowest pace in a year, as both new orders and hiring slipped. The Institute for Supply Management said Wednesday that its services index fell to 55.7 in May from 57.8 in April.
Employment in the private sector increased by 201,000 jobs last month in another healthy sign of an improving economy, according to figures from payroll giant ADP.
The up-and-down U.S. trade deficit: The end of a West Coast dockworkers's strike boosted imports in March and slashed them in April.
Dollar General Corp. Tuesday reported the first quarterly gains in gross margins in three years. The Q1 gross margin rose to 30.5% thanks to higher initial inventory markups and lower fuel prices that brought down transportation costs.
An IRS employee who worked in the agency's St. Louis, MO., office pled guilty this week to charges of tax fraud. Demetria Brown netted $326,000 in a fraud in which she stole taxpayer identities and created fake tax returns to steal refunds.