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June 13, 2015 MONEY (MSM)

U.S. consumer confidence jumps; producer prices increase

U.S. consumer confidence surged in early June on expectations that a tightening labor market would spur big wage raises, which could further stimulate spending and overall economic growth later this year. The rise in sentiment came despite higher gasoline prices, which contributed to producer prices recording their biggest increase in more than 2-1/2 years in May. Strong consumer confidence, together with a tightening labor market, bullish retail sales and firming

June 13, 2015 MONEY (MSM)

Google launches a YouTube built for gamers

More than 25,000 games will each have their own page on the site, bringing videos and live streams about various titles together in a single space, Google said. “When you want something specific, you can search with confidence, knowing that typing “call” will show you “Call of Duty” and not “Call Me Maybe,” Google said in a blog post. Amazon bought Twitch Interactive last year for $970 million, beating a

June 13, 2015 MONEY (MSM)

Michael Kors settles U.S. lawsuit alleging deceptive price tags

Michael Kors Holdings Ltd (KORS.N) agreed to pay $4.88 million and change its sales practices to settle a class action lawsuit claiming it used deceptive price tags at its outlet stores to fool shoppers into believing they were getting big bargains. Shoppers said the suggested retail prices were artificial because the tagged products had been made exclusively for Michael Kors outlets, and the London-based fashion house never intended to sell