THE ECONOMY
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* U.S. business inventories rose 5% in November, slightly more than expected, while sales fell 0.3%, the Commerce Department said, adding to evidence of a slowing economy. The November gain in inventories followed an upwardly revised rise of 0.7% in October. Analysts expected a rise of 0.4% in November. The combined rising inventories and declining sales led to an increase in the inventories-to-sales ratio, which reached 1.36 months’ worth in November, its highest level since April 1999.
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