Wal-Mart to Shut Hundreds of Stores

Wal-Mart Stores Inc. plans to shutter 269 stores, the most in at least two decades, as it abandons its experimental small-format Express outlets and looks to streamline the chain. The move by the largest private employer in the U.S. will…
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Taxes Chased GE Out of Connecticut

  GE's decision to leave Fairfield for Boston is another sad marker in the downhill slide brought about by Connecticut's high-tax, high-regulation, anti-business policies of the last 25 years. Gov. Dannel Malloy accelerated the state's economic free-fall with another huge…
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Apple might buy HBO from Time Warner

Apple has big plans for TV that don’t stop with a redesigned version of its set-top box and an App Store just for TV apps. While Cupertino has given up on creating its own television, leaving that to established players…
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Starbucks says aims to open 500 new stores in China in 2016

Starbucks Corp, the world's largest coffee chain, said on Tuesday it aims to open 500 stores in China this year, shrugging off a slowdown in the world's second-largest economy that has hit global retailers. Starbucks executives have said they have…
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Black unemployment falls to lowest since 2007

Black unemployment fell to 8.3% in December, down sharply from the 9.4% in November. It was the lowest mark since September 2007, before the recession began and lesser than half of the peak of 16.8% reached in 2010. A surge…
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DuPont to cut 1,700 jobs in January

DuPont Co. will cut 1,700 of the 6,100 jobs in its home state of Delaware next month, chief executive Edward Breen told staff in a memo Tuesday. The cuts, at offices and labs along the I-95 corridor, are part of…
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Whole Foods to pay hefty price to settle overcharging allegations

Whole Foods said Monday it will pay New York City $500,000 to settle allegations it overcharged customers for prepackaged foods. The city's Department of Consumer Affairs said the settlement also requires Whole Foods Market Inc. to conduct quarterly audits to…
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U.S. jobless claims near 42-year low as labor market tightens

The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy. Initial claims for state unemployment benefits dropped 5,000 to…
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