CALL CENTER ERRORS: Seniors should think twice about relying on guidance from private insurers when selecting a Medicare drug plan, government investigators say in a report.

PAN PACIFIC BOUGHT: Kimco Realty Corp., a real estate investment trust that focuses on shopping centers, announces plans to acquire Pan Pacific Retail Properties Inc. for $2.9 billion in cash and stock.

TRADE SURPLUS RECORD: China’s global trade surplus rose to a record monthly high of $14.5 billion in June, the Commerce Ministry reports, raising the likelihood of tension abroad over Beijing’s currency controls.

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