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Retail sales unchanged; import prices weak in April

U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, indicating the economy was struggling to rebound strongly after barely growing in the first quarter. The weak retail sales report from the Commerce Department, and other data on Wednesday showing the 10th straight month of declining import prices in April, suggest little urgency for the Federal Reserve to start raising interest

Delta plans $6 billion of buybacks, dividends on fuel windfall

Delta Air Lines Inc. approved a $5 billion stock-repurchase plan, more than double last year’s program, and boosted its dividend by 50 percent, as a windfall of savings on fuel enables it to steer more cash back to investors. Delta said it’s on track to complete the remaining $725 million of its prior $2 billion share repurchase authorization by June 30.