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  • The High-Priced Uniform Fit For a Prince

    The High-Priced Uniform Fit For a Prince

    Aug. 29 (Bloomberg) – Its the time of year that children dread: going back to school. Depending on the school, one of the biggest costs can be a new uniform. Nejra Cehic reports from an outfitter which supplies some of Britains most prestigious schools. (Source: Bloomberg) Source: Bloomberg

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  • U.S. Futures Fall As Ukraine Fears Return To Forefront

    U.S. Futures Fall As Ukraine Fears Return To Forefront

    U.S. stocks fell moderately on Thursday after Ukraine’s president said Russian forces had been brought into his country, returning focus to the volatile region, though the latest round of U.S. economic data pointed to improving conditions. Worries over tension abroad had largely faded from Wall Street, with major indexes seeing few negative days over the past two weeks and both the Dow and S&P hitting records.

 Source: wochit business

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  • Dollar General Says Committed To Family Dollar Deal

    Dollar General Says Committed To Family Dollar Deal

    Dollar General the No.1 U.S. deep discount retailer, said it remained committed to acquiring rival Family Dollar Stores and reported a 7.5 percent rise in quarterly sales. Family Dollar last week rejected a $9 billion buyout offer from Dollar General that it said could run foul of competition law, opting instead for a smaller bid from Dollar Tree. The company’s net income rose to $251.3 million, or 83 cents per share, in the second quarter ended Aug. Source: wochit business

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  • Saudi Mufti Tells Young Saudis Not To Heed Call To Jihad

    Saudi Mufti Tells Young Saudis Not To Heed Call To Jihad

    Saudi Arabia’s Grand Mufti urged young people on Thursday to ignore calls to jihad from people representing “deviant principles”, the latest salvo in an anti-militant campaign by the kingdom’s religious establishment. Riyadh, the world’s No. 1 oil exporter, is unnerved by the rapid advance in Iraq and Syria of Islamic State insurgents and fears this could radicalize some of its own citizens and eventually lead to attacks on the U.S.-allied government. Source: wochit business

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  • BP Says Whiting Refinery Still In Production After Fire

    BP Says Whiting Refinery Still In Production After Fire

    BP said its largest U.S. oil refinery in Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before that was expected to have a minimal impact on production. The company said one worker was taken to an area hospital for treatment, but was later released. BP said operations at the 413,500 barrel per day. Whiting refinery “were minimally impacted as a result of the incident and the refinery continues to produce products for customers.” Genscape, an

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  • Ukraine Conflict Weighs On Markets; Retailers Fall

    Ukraine Conflict Weighs On Markets; Retailers Fall

    Worsening tensions in Ukraine and some weak showings from retailers are sending U.S. stocks lower for the first time this week. Ukraine’s president Petro Poroshenko said Russian forces have entered his country and called an emergency meeting of his nation’s security council. Several retailers fell after releasing results or outlooks that disappointed investors. Williams-Sonoma plunged 12 percent and Abercrombie & Fitch fell 5 percent. Source: wochit business

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  • U.S. Economy Expands 4.2%, and More

    U.S. Economy Expands 4.2%, and More

    What’s News: U.S. gross domestic product grew a better than expected 4.2% in the second quarter. Abercrombie & Fitch is removing logos from most clothing. Shocking revelation that Hello Kitty is not a cat. Joanne Po reports. Photo: AP Source: The Wall Street Journal

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  • UN Security Council Holds Emergency Meeting on Ukraine

    UN Security Council Holds Emergency Meeting on Ukraine

    Aug. 28 (Bloomberg) — Bloomberg’s Mark Crumpton reports on the emergency meeting of the UN Security Council. He speaks on “Bottom Line.” (Source: Bloomberg) Source: Bloomberg

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  • Detroit Gets $275M From Barclays to Fund Bankruptcy Exit

    Detroit Gets $275M From Barclays to Fund Bankruptcy Exit

    Aug. 28 (Bloomberg) — Bloomberg’s Mark Crumpton reports on Detroit receiving $275 million in Chapter 9 exit financing from Barclays. He speaks on “Bottom Line.” (Source: Bloomberg) Source: Bloomberg

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  • BP Says Whiting Refinery Still In Production After Fire

    BP Says Whiting Refinery Still In Production After Fire

    BP said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before that was expected to have a minimal impact on production. BP said operations at the 413,500 barrel per day Whiting refinery “were minimally impacted as a result of the incident and the refinery continues to produce products for customers.” This incident comes nearly a decade after a 2005 explosion at a BP refinery in Texas City, Texas, killed 15

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  • Wal-Mart Looks Online For Chinese Growth

    Wal-Mart Looks Online For Chinese Growth

    As Alibaba Group Holding Ltd. courts investors for a highly anticipated public offering next month in the U.S., Wal-Mart Stores Inc. is busy trying to win over online shoppers in the Chinese e-commerce company’s backyard. Wal-Mart’s online arm in China—called Yihaodian, meaning No. 1 Store—has recently increased the number of products sold on its site, built up its supply chain and streamlined its mobile site in a push to boost sales. Wal-Mart owns a 54% stake in Yihaodian.

 Source: wochit

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  • Ford To Halt Romanian Production In Sept: Report

    Ford To Halt Romanian Production In Sept: Report

    Local news agency, Mediafax quoted Ford Romania spokeswoman Ana-Maria Timis saying that Ford Motor Company will halt production at its Romanian car factory for nine days in September because of low demand. Ford took over struggling local carmaker Automobile Craiova in 2008 and started producing its B-Max model there four years later. Ford Romania, which employs about 4,000 people, has regularly stopped production for several days a month for over one year.

 Source: wochit business

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