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Five Macy’s and four Bloomingdale’s stores around the country will be closing due to under-performance. Via AP: Clearance sales will begin at the stores Sunday and run for 10 weeks. More than 830 workers will be affected by the closings…
Family Dollar, one of the fastest-growing discount retail chains in the country, continues to expand its footprint across the United States with the announcement of its entry into California and grand opening of four stores in San Bernardino County. Today,…
The new USA logo features dots forming the letters U,S, and A. The Advertising Age reported that the new ad campaign is designed to promote the U.S. of A., an effort to boost business and leisure travel in order to…
Google extends its reach by buying Zagat: Google has acquired Zagat, the survey company and multimedia publisher known best for its highly regarded print guides to local restaurants. The acquisition strengthens Google’s position in local search, helping it compete with…
The 45,000 striking Verizon workers will return to their jobs starting on Monday. The Communications Workers of America and the International Brotherhood of Electrical Workers — made the announcement on Saturday after two parties reached an overall settlement. [via NY…
PALO ALTO, Calif.–(BUSINESS WIRE)– Hewlett-Packard Company, HPQ, today commented on the recent announcement by Autonomy Corporation plc (LSE: AU.L). HP confirms that it is in discussions with Autonomy regarding a possible offer for the company. HP also reported that it…
European Securities and Markets Authority issued a statement after talks ended late yesterday, imposing a 15-day short selling ban. ESMA promotes harmonised regulatory action on short-selling in the EU European financial markets have been very volatile over recent weeks. The…
After Wall Street’s big dip on Monday, Nasdaq and the Dow industrials are up on Tuesday’s opening. The Dow Jones industrial average gained 232.50 points, or 2.15 percent, to 11,042.35. The Standard & Poor’s 500 Index rose 30.49 points, or…
Standard and Poors (S&P) warned on July 14 that it would reduce the credit ranking of the U.S. by one level. Indeed, on Thursday, S&P lowered the nation’s AAA credit rating one level to AA+. The ratings company said that…
The popular El Bulli restaurant is now closed. The Girona, Spain restaurant that is famous for its 30-course meals and impossible-to-get table, announced that it is closing its doors. Here is what’s posted online: elBullirestaurant has now closed and has…