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These are the 138 JC Penney stores that are about to close

Shoppers browse clothing at a JC Penney store in Queens, New York. J.C. Penney has released the list of 138 stores it plans to close in
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U.S. added 235,000 jobs in February; unemployment rate dropped to 4.7 percent

The U.S. economy added 235,000 jobs in February, according to government data released Friday, surpassing economists' expectations and likely clearing the way for the Federal...
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Oil's Prize Fight: The Select Versus The Swarm

I was only midway through the second day of a week-long energy conference when I heard the line that summed up the whole thing. Mohammad...
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Peugeot poised to buy GM's Opel, creating European car giant

PARIS/LONDON (Reuters) - France's PSA Group is set to announce a deal to buy Opel from General Motors on Monday after striking an agreement with...
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Trump Administration Seeks to Cut NOAA Budget by 17%

PARIS/LONDON (Reuters) - France's PSA Group is set to announce a deal to buy Opel from General Motors on Monday after striking an agreement with...
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What Travis Kalanick?s Newfound Humility Means For Uber?s Future

Long known as a brash CEO, Uber’s Travis Kalanick has issued more high-profile apologies over the past four weeks than most CEOs are required to...
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Signet tumbles after report of harassment at subsidiary

WASHINGTON (AP) — Shares of Signet Jewelers fell sharply Tuesday after a report of widespread sexual harassment and discrimination at a subsidiary. The Washington Post first...
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Fed trumps Trump as dollar, U.S. Treasury yields jump

The dollar jumped and short-term U.S. Treasury yields hit the highest since 2009 on Wednesday, as investors focused on growing chances of a U.S. interest...
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Buffett's Deputies Drive Bets on Apple and Airlines

‘One of the fellows’ had stakes in Apple, American Airlines Combs, Weschler seen bringing fresh poins of view to company Some of Berkshire Hathaway Inc.’s biggest new...
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Warren Buffett's Apple Holding Stands At $18 Billion, Creating 'Big Seven' At Berkshire Hathaway

Five years ago, Warren Buffett touted his 'big four' stock bets when building a $10.7 billion stake in IBM IBM -0.06%, a massive holding to...
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GE's Jeff Immelt says the US is 'diverging' from the rest of the world

The US is "diverging" from the rest of the world and will be "less of a leader in trade," General Electric CEO Jeffrey Immelt said...
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This Is Walmart's New Plan to Squeeze Prices in the Face of Discount Chains

Wal-Mart Stores is running a new price-comparison test in at least 1,200 U.S. stores and squeezing packaged goods suppliers in a bid to close a...
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This Is Walmart?s New Plan to Squeeze Prices in the Face of Discount Chains

Wal-Mart Stores is running a new price-comparison test in at least 1,200 U.S. stores and squeezing packaged goods suppliers in a bid to close a...
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Samsung to change donation policies amid bribery scandal

In the last six months, Samsung has been no stranger to scandal. Since September, it's hurriedly dealt with the fallout from its Galaxy Note 7...
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64 cents per share, vs expected EPS of 61 cents; closing up to 140 stores

A shopper looks at items on sale inside of a JC Penney store in New York. J.C. Penney finally lifted the lid on its plans to...
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Mnuchin Tells Carney to Expect America-First Push on Regulation

    U.S. Treasury Secretary says meeting with FSB chair productive     G-20 leaders to hold regulation talks in Germany next month How Steven Mnuchin Got...
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Musk's Tesla prepares to introduce its new Model 3 sedan

South African entrepreneur Elon Musk has a history of taking big risks, whether launching a battery-electric car company or rockets bound for the International Space...
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Trex tops Street 4Q forecasts

WINCHESTER, VA.  Trex Co. on Tuesday reported fourth-quarter profit of $12.6 million. The Winchester, Virginia-based company said it had profit of 43 cents per share. The results surpassed...
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The owner of Burger King is buying Popeyes for $1.8 billion

Burger King and Tim Hortons owner Restaurant Brands International is buying Popeyes Louisiana Kitchen for $79 per share, or $1.8 billion. "Popeyes is a powerful brand...
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Wal-Mart's US stores just had their best quarter in more than four years

Wal-Mart's U.S. business accelerated during its fiscal fourth quarter, helping the world's largest retailer top Wall Street's earnings expectations and record its largest domestic same-store...
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President Trump: Boeing's 787-10 Dreamliner a celebration of American jobs, manufacturing

President Donald Trump called Boeing Co.'s 787-10 "an amazing piece of art ... an amazing piece of work" as the aerospace giant celebrated the debut...
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Oil prices steady on OPEC cuts, but record US fuel stocks weigh

The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia have agreed to cut output by almost 1.8 million barrels per day...
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Cigna ended its merger agreement with Anthem and said it will seek $14.8 billion after breakup

Cigna ended its merger agreement with Anthem on Tuesday and said it will seek $13 billion in damages from Anthem on top of the $1.85...
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Yellen Sets High Hurdle for Reducing Fed's Massive Bond Holdings

Federal Reserve Chair Janet Yellen set a relatively high hurdle for shrinking the central bank’s balance sheet, leading some analysts to conclude that such a...
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US retail sales rose 0.4% in Jan vs 0.1% increase expected

U.S. retail sales rose more than expected in January as households bought electronics and a range of other goods, pointing to sustained domestic demand that...
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Job openings ticked down slightly

Job openings in the US ticked down slightly in December, according to the Job Openings and Labor Turnover Survey (JOLTS) released on Tuesday. Openings totaled 5.501...
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U.S. Trade Deficit Narrowed in December, Totaled $502.25 Billion in 2016

WASHINGTON—The U.S. trade deficit narrowed in December from the prior month and exceeded a half-trillion dollars for 2016 as a whole, a gap that President...
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Dow briefly jumps 100 points, hits new high; Nasdaq also in record territory

Traders work on the main trading floor of the New York Stock Exchange as the Dow Jones industrial average passes the 20,000 mark shortly after...
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Facebook Revenue Jumps Again, Buoyed by Mobile Advertising

Top-line growth was more than expected; Profit leaps to $3.57 billion Facebook Inc. squeezed nearly 30% more revenue per user in the fourth quarter, pumping its...
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Nokia profit beats views on Alcatel-Lucent boost

Nokia Corp. NOK, +3.28% posted fourth-quarter net profit that beat market expectations Thursday, following synergy gains after the acquisition of Alcatel-Lucent SA. The Finnish telecommunications company...
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Deutsche Boerse chief executive in insider trading probe

German prosecutors are investigating Deutsche Boerse boss Carsten Kengeter over possible insider trading. Mr Kengeter bought around 4.5m euros (£3.85m) of stock in his own company...
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Mark Zuckerberg says Facebook's $3 billion bet on VR 'won?t be profitable for quite awhile'

Facebook CEO Mark Zuckerberg is convinced that virtual reality will change the world. But for investors waiting for his $3 billion bet on the technology...
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Judge Orders Trump-Owned Golf Resort to Pay Millions

In a highly unusual turn of events for a sitting president, a federal judge in Florida on Wednesday ordered a golf resort owned by President...
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Sony rules out pictures biz sale, committed to turnaround

Sony Corp on Thursday said it does not plan to sell its pictures business after suffering a $1 billion writedown, and instead aims to turn...
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Swiss Fine RBS Unit Coutts Over 1MDB Money-Laundering Breaches

Bank ordered to pay back 6.5 million francs in unlawful profit Finma considering enforcement proceedings against employees Switzerland’s financial regulator fined Coutts & Co. Ltd. for violating...
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Deutsche Bank Falls as Client Jitters Hit Trading in Quarter

Earnings miss estimates as debt, equities trading falls short Cryan says clients have come back since settlement with U.S. Deutsche Bank AG fell the most in four...
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Starbucks CEO Schultz plans to hire 10,000 refugees after Trump ban

Starbucks Corp (SBUX.O) Chief Executive Officer Howard Schultz said on Sunday that the company planned to hire 10,000 refugees over five years in 75 countries,...
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Volkswagen world's largest automaker despite scandal

Volkswagen Group soared past Toyota Motor as the world's largest automaker in 2016, capturing the crown for the first time in a bittersweet accomplishment attributable...
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Warren Buffett?s $2.95 Breakfast

Hold on to your hat, Warren Buffett. Since the presidential election, Wall Street has decided that Berkshire Hathaway is a perfect stock for the Trump...
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VW ex-CEO Martin Winterkorn in fraud probe

FRANKFURT-- Volkswagen AG's former chief executive, Martin Winterkorn, is under investigation on suspicion of fraud in connection with the company's diesel-emissions scandal, German prosecutors said...
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Surge in media mergers is expected under Trump's pro-business agenda

Buckle up: Media companies are preparing for some whirlwind courtships in what’s expected to be the biggest merger bonanza in years. The latest corporate maneuvering has...
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Venezuelan authorities arrest 4 bitcoin miners

Venezuelan authorities have arrested four people allegedly involved with a cryptocurrency-mining operation based in a small city about an hour and a half’s drive from...
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Shell wins court ruling on Nigerian pollution claims

ONDON (AP) — Royal Dutch Shell has won a victory before London’s High Court in a case brought by Nigerian farmers and fishermen who claimed...
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Alibaba's Ant Financial buys MoneyGram for $880m

Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m). MoneyGram has about 350,000 outlets in nearly 200 countries....
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Why Toshiba Is So Desperate to Sell a Chunk of Its Chip Business

Toshiba said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown,...
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Johnson & Johnson to buy Actelion in $30 bln deal

Johnson & Johnson has agreed to acquire Actelion Pharmaceuticals Ltd., Europe's biggest biotech company, for $30 billion, bolstering the U.S. pharmaceutical giant's portfolio of rare-disease...
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Comcast profit tops expectations, lifts dividend

Comcast Corp. reported better-than-expected financial results and added cable TV customers in the fourth quarter, culminating a strong year in which it added net video...
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Facebook appoints Xiaomi exec Hugo Barra to head VR business

 Facebook has appointed Xiaomi executive Hugo Barra to lead its virtual reality initiatives, including the Oculus VR business that was acquired in 2014. The appointment was...
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Oil edges down as traders weigh US stock build, OPEC cuts

NEW YORK: Oil prices ended less than 1 percent lower on Wednesday after data showed a build in US crude inventories, reinforcing the view that...
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Telcos' free offers to hit lenders, govt tax: Airtel

NEW DELHI: In a veiled attack on newcomer Reliance Jio, telecom major Bharti AirtelBSE -1.52 % today said free offers by telcos would hit all...
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