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Facebook paid contractors to transcribe Messenger audio clips

NEW YORK — Facebook has paid contractors to transcribe audio clips from users of its Messenger service, raising privacy concerns for a company with a history of privacy lapses.

Lowering earnings outlook, Macy’s sends ominous signal for retailers

Macy’s is lowering its annual earnings guidance after the department store struggled with a big earnings miss during the second quarter as it was forced to slash prices on unsold merchandise.