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Victoria’s Secret Will Close 53 Stores

Victoria’s Secret Will Close 53 Stores

Mr. Burgdoerfer says the business made the decision by analyzing current and projected performance, sales, profits, cash flows and trade dynamics. Although a change in strategy appears necessary for...

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Tesla Finally Makes a $35,000 Model 3 Available, Shifts All Sales Online

Tesla Finally Makes a $35,000 Model 3 Available, Shifts All Sales Online

Tesla reveals that by shifting to online sales, it will lower all vehicle prices approximately 6%. A steep price cut will undoubtedly hurt margins and Elon touched on this during the media call saying...

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Gap to create separate public company for Old Navy

Gap to create separate public company for Old Navy

The market liked the news, sending shares soaring more than 28 percent in aftermarket trading. The transaction is expected to be completed in 2020, if it gets approval. "More and more often, you're co...

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American companies worry US-Chinese ties will worsen

American companies worry US-Chinese ties will worsen

Investors welcomed the move, which averted an escalation in the damaging trade war between the world's two largest economies. American companies want negotiations with Beijing to win them better acc...

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Powell says Fed is nearing decision on balance sheet runoff

Powell says Fed is nearing decision on balance sheet runoff

More evidence of the hot and cold economy came overnight, with weaker-than-expected USA housing data and a rosy consumer confidence report. Powell said in the first of a two-day Congressional addres...

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Economic growth slowed in the closing months of 2018

The economy received a big boost from the largest corporate tax cut in US history that went into effect previous year, as well as additional government spending on the military and domestic programs. ...

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CANADA: Another chicken nugget recall due to possible salmonella

CANADA: Another chicken nugget recall due to possible salmonella

On Jan. 25, the CFIA said Crisp & Delicious brand nuggets should not be consumed due to the threat of salmonella contamination. WATCH: What's really in a Chicken Nugget? The recalls by Sofina ar...

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Martha Stewart and Canopy Growth to develop hemp based products

Martha Stewart and Canopy Growth to develop hemp based products

Stewart is expected to play an advisory role in the development of the new products along with Sequential Brands Group, a consumer brands company that works with the homemaker. The company said it pla...

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Aston Martin CEO says Brexit delay would prolong uncertainty

Aston Martin CEO says Brexit delay would prolong uncertainty

MPs could potentially vote on whether to delay Brexit on 14 March, a fortnight before the scheduled departure date of 29 March. "You are holding that contingency stock for longer which means that ...

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Home Depot Shares Fall as Profit Outlook Disappoints

Home Depot Shares Fall as Profit Outlook Disappoints

Shares of Home Depot tumbled Tuesday, after the home improvement retailer missed Wall Street estimates on revenue, profit and sales at USA outlets open for at least 52 weeks. Chief Financial Officer C...

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Volvo's Polestar unveils electric car touted as Tesla rival

Volvo's Polestar unveils electric car touted as Tesla rival

It unveiled its first luxury vehicle, Polestar 1 , last year and opened up for pre-orders; production starts later this year. The first Polestar vehicle (aptly named Polestar 1) was a plug-in hy...

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United States economy grew 2.9% in 2018, highest in 13 years

And in the final three months of the year, areas that had seen a post-stimulus boost appeared to be slowing: businesses investment in factory building slowed to its lowest level in a year, and non-def...

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U.S., China trade talks still need heavy work to reach deal

The Chinese data also showed export orders fell at their fastest pace since the global financial crisis a decade ago, adding to worries about the almost year-long trade dispute between China and the U...

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Man plans to swap out a nursing home for the Holiday Inn

Man plans to swap out a nursing home for the Holiday Inn

Robison also added that lunch, dinner, room service, laundry, happy hours and special TV movies bring the total to $128.77 per day. It looks like there's no shortage of leisure options either with R...

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Boeing wins US$15.7B Vietnam orders on Trump's Hanoi Visit

Boeing wins US$15.7B Vietnam orders on Trump's Hanoi Visit

Mr Trump said Cohen "lied a lot" during Congressional testimony in Washington today, though he had told the truth when he said there had been "no collusion" with Russian Federation. Now relations betw...

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China shares post highest gain in 3 years yesterday

China shares post highest gain in 3 years yesterday

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are created to allow investors to bet on and profit from either gains or declines in the ...

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Air France-KLM shares fall sharply on surprise Dutch stake buy

Air France-KLM shares fall sharply on surprise Dutch stake buy

French President Emmanuel Macron said Wednesday that Amsterdam should explain its purchase of 12.7 percent stake in Air France-KLM airline holding, which took Paris by surprise and sent the company's ...

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Honda e Prototype is a production-bound Urban EV for Europe

Honda e Prototype is a production-bound Urban EV for Europe

To help with aerodynamics, the front door handles are flush with the body while the rears are hidden in the C-pillar, and cameras are used instead of side mirrors (Honda calls it the Camera Mirror Sys...

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Labour's Brexit amendment has been defeated by an 83 majority

Labour's Brexit amendment has been defeated by an 83 majority

But the opposition Labour Party announced it would now support a new public vote on Brexit , the first time since Britain voted in 2016 to leave the European Union that one of its main parties has ...

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Saudi Arabia defiant on oil cuts after Trump tells OPEC to 'relax'

Saudi Arabia defiant on oil cuts after Trump tells OPEC to 'relax'

Saudi production collapsed between 1985 and 1986, at one point flirting with the 2 million barrel-a-day mark, as the kingdom lowered its production to defend higher oil prices . Oil prices have risen...

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Boeing's unmanned fighter jet is the future of air combat

Boeing's unmanned fighter jet is the future of air combat

Unveiling a full-scale model of the system on 27 February at the Avalon Airshow near Melbourne , Australian defence minister Christopher Pyne said the programme had "enormous" export potential. Rob...

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The line is RIDICULOUS for China's first-ever Tim Hortons

The line is RIDICULOUS for China's first-ever Tim Hortons

Tim Hortons opened the doors to its first-ever restaurant in China today, and its menu is all kinds of insane. While Tim Hortons is actually majority-owned by Brazilian investment company 3G followi...

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Crude Oil are expected to trade higher today: Angel Commodities

As per reports, the producer group is likely to continue with their production cuts to balance the market until the inventory level going down from their current level to their five-year average. A co...

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Marks and Spencer and Ocado in home delivery deal talks

Marks and Spencer and Ocado in home delivery deal talks

M&S said there was no certainty that the discussions would result in an agreement, and there was no guaranteed timescale. However, shares in Ocado jumped as much as 12.5% before lunchtime, with M&...

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E Commerce Tail Will Be Under Pressure By Comprehensive Government Policy

E Commerce Tail Will Be Under Pressure By Comprehensive Government Policy

An earlier draft of the policy by the commerce ministry was junked after e-commerce giants, including Amazon and Walmart-Flipkart, raised strong objections. The policy also assumes significance as d...

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Fiat Chrysler to cut almost 1,400 jobs at IL plant

Fiat Chrysler to cut almost 1,400 jobs at IL plant

For instance, FCA would spend $900 million to overhaul the Jefferson North Assembly Plant so it can build the Dodge Durango and next-gen Grand Cherokee. Fiat Chrysler was the only one of Detroit...

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Wilson-Raybould can speak about SNC-Lavalin affair at committee: Trudeau

Wilson-Raybould can speak about SNC-Lavalin affair at committee: Trudeau

In her Monday letter Wilson-Raybould said that she is "anxious" to appear and wrote that she'd be happy to stay for as long as the committee wishes to answer questions. There are two such proceedings ...

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Porsche's Best-Selling Model Going Electric In 2022

Porsche's Best-Selling Model Going Electric In 2022

Part of Porsche's massive EV spend-up includes investment in the company's Leipzig plant to allow it to produce PPE-based electric vehicles on its existing production line and the company says that th...

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Jerome Powell testimony: Fed chairman says USA economy likely to slow

On Tuesday, Powell repeated his oft-heard pledge that the Fed will make policy decisions "in a way that is not political". However, since the Fed signaled in January that it planned to be "patient" ...

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Man bought $540 in cookies so Girl Scouts could escape cold

Man bought $540 in cookies so Girl Scouts could escape cold

She says it was around 34-degrees in Greenville, South Carolina, when the good Samaritan arrived. Kayla Dillard, who manages cookie sales for Troop 1574, said the man initially purchased seven packs...

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