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U.S. factory orders rose 1.4 percent in May, recovering from tliree straight declines. The Commerce Department said the increase was the largest since orders rose 2 percent in December. The department also reported that the gross domestic product, the broadest gauge oi economic strength, rose at a 2.7 percent annual rate in the first quarter this year. That is less than half the 5.1 percent booming growth in the last three months of 1994.</br></br>Organization countries to work for another four weeks, tojuly 28, on an agreement to liberalize trade in banking, insurance and securities. World economic officials have worked for the past 18 months to complete an accord that would let financial service firms operate more freely in foreign countries. But hopes were dashed Thursday when the United States rejected the package as inadequate. Faced with rejection by the world's largest economy, European trade ministers scrambled for a compromise.</br></br>The IMF approved about $2 billion in financial help for Mexico and held out the promise of $8.7 billion more over the next year if the nation sticks with its tough economic reform plan.</br></br>Eastman Kodak's claims that Japanese rival Fuji isnÛªt playing fan-lias the attention of the Clinton administration, which said it will begin a formal review of charges that unfair practices by Fuji in . collusion with the Japanese government have cost Kodak $5.6 billion in lost revenue over the past two decades.</br></br>BellSouth will change its accounting practices to prepare for the day when it faces more competition in local telephone service, a decision that will result in a $2.7 billion charge against second-quarter earnings. BellSouth is the fourth of the seven regional Bell operating companies to make the change in accounting methods.