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Sears Posts Smaller Quarterly Loss as Sales Keep Sliding

Sears Holdings (SHLD) reported a smaller quarterly loss Thursday as it slashed advertising and payroll costs, but the struggling retailer’s sales continued to tumble, hurt by weak apparel demand. The owner of the Sears department store and Kmart discount store chains said its net loss attributable to shareholders...
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Alibaba Unlikely to Be Interested in Yahoo’s Core Business

Chinese e-commerce giant Alibaba Group Holding is unlikely to be interested in buying Yahoo’s Internet business, The Wall Street Journal reported. Yahoo’s board, in a three-day meeting that started Wednesday, is weighing a sale of the struggling business, Reuters reported Tuesday, citing a source. The business isn’t attractive,...
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How to Avoid Holiday Season Credit Card Rip-Offs

“Buy now, pay later” is the modern way of life. Credit cards are a highly profitable business for the companies that issue them, so it’s no surprise that banks continue to inundate consumers with credit card offers, especially during the shopping frenzy of the holiday season. These come-ons...
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GE Scraps $3.3 Billion Appliance Unit Sale to Electrolux

GE has scrapped a $3.3 billion plan to sell its home appliance business to the Swedish company Electrolux, a deal opposed by U.S. regulators over concerns about competition. The Fairfield, Connecticut, conglomerate said that it will continue to run the business as it looks for other options to...
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