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Monthly Archives: December 2018

Sears may need to liquidate if no bid comes in by tomorrow

Gregory Bull | AP In this Nov. 17, 2004 file photo, Kmart chairman Edward Lampert listens during a news conference to announce the merger of Kmart and Sears in New York. Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in …

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FDA chief to meet e-cigarette makers amid crackdown

Astrid Riecken | The Washington Post | Getty Images Scott Gottlieb, commissioner of the Food and Drug Administration (FDA). The U.S. Food and Drug Administration (FDA) plans to meet top-level executives of e-cigarette makers, the agency’s chief said on Thursday, hinting that some companies seem to be backing away from …

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Charts show stock market may still be months away from finding a floor

Investors looking for a quick end to the stock sell off could be disappointed and may have several more months of volatile trading to go before the market hits rock bottom, technical analysts say. That time frame coincides with the run up to major events that strategists say could be …

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Mueller asks to delay hearing in Jerome Corsi lawsuit, citing shutdown

Shannon Stapleton | Reuters Jerome Corsi, right wing commentator poses for a picture in New York, November 27, 2018.  Special counsel Robert Mueller along with several federal agencies have asked a U.S. district judge to delay an upcoming hearing in a lawsuit brought by Roger Stone-linked conspiracy theorist Jerome Corsi, …

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Blue Apron surges on the news of its healthy eating partnership

Michael Nagle | Bloomberg | Getty Images Matt Salzberg, co-founder and chief executive officer of Blue Apron Holdings Inc., smiles during the company’s initial public offering on the floor of the New York Stock Exchange, June 29, 2017. The meal-kit delivery company Blue Apron spiked as much as 24 percent …

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Bloomberg likely to spend $100 million on potential 2020 campaign for president

KC McGinnis | Reuters Mike Bloomberg, former mayor of New York City, speaks to media after touring the Wind Technology program at Des Moines Area Community College in Ankeny, Iowa, December 4, 2018.  Billionaire Mike Bloomberg is prepared to spend well over the $100 million he put into his last …

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Retail did something it hasn’t done since 2008, may point to bigger rally

Retail stocks rallied Wednesday after what appears to be the best holiday shopping season in six years. Wednesday’s pop notwithstanding, it’s been an otherwise bleak month for retail stocks as a whole. The XRT, which tracks a basket of key retailers, is down more than 12 percent this month and …

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Reid Hoffman apologizes for his role in funding misinformation

Kelly Sullivan | Getty Images Entertainment | Getty Images LinkedIn Co-Founder and Greylock Partner Reid Hoffman participates in a debate on August 23, 2017 at LinkedIn in San Francisco, California. LinkedIn co-founder Reid Hoffman apologized Wednesday for funding a group that allegedly had a hand in spreading misinformation during the …

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FAANG kicks its losing streak in post-Christmas rally

Joshua Roberts | Reuters Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC’s “Milestone Celebration Dinner” in Washington, U.S., September 13, 2018.  All five FAANG companies — Facebook, Amazon, Apple, Netflix and Google parent company Alphabet — snapped …

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Superhero films win 2018 box office; Disney set for a strong 2019

Disney produced four of the nine superhero films that hit theaters this year, hauling in more than $2.2 billion in domestic ticket sales, according to Comscore data. Continued interest from audiences bodes well for Disney, which is slated to release two more Marvel films in 2019. “Captain Marvel” arrives in …

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