• Sears closing 80 more stores -- 2 in MI
Sears closing 80 more stores -- 2 in MI

Liquidation sales at the stores are expected to begin in two weeks. Sears also owns Kmart, and the Waynesboro location will close in early January. Last week, a bankruptcy court allowed Sears Holdings to sell its home improvement service businesses to Service.com for $60 million.

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  • CenturyLink outage takes down several 911 emergency services across the US
CenturyLink outage takes down several 911 emergency services across the US

CenturyLink put out a hopeful message to its exasperated customers Thursday night: Engineers had identified a "network element" that was impacting its services. Jessica Rosenworcel, a member of the Federal Communications Commission, said via Twitter that this was a " nationwide outage" and her agency needed to investigate.

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  • Trump 'very happy' with Treasury chief Mnuchin: White House adviser
Trump 'very happy' with Treasury chief Mnuchin: White House adviser

CNN has previously reported that Trump was frustrated with Mnuchin because he pushed for Federal Reserve Chairman Jerome Powell's appointment. The Dow dropped by 2.9% and the S&P 500 fell 2.7%, the biggest drops ever for the two indexes on Christmas Eve .

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  • Transformer explosion lights up NYC sky, causes power outages
Transformer explosion lights up NYC sky, causes power outages

The stunning event caused power outages at LaGuardia Airport , which was forced to temporarily suspend outgoing flights, and disruptions to 7 train service. Providing more details about the phenomenon, Con Edison said in a statement Friday morning that the light emanated from "a sustained electrical arc flash that was visible across a wide area"...

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  • Businesses open on Christmas Day
Businesses open on Christmas Day

The Beer Store will be closed Christmas Day but will be open from 10 a.m.to 6 p.m. on Boxing Day . Open until 6 p.m. Christmas Eve , Closed Christmas Day . Christmas Eve and will be closed Christmas Day . John Lewis started its clearance online at 5pm on Christmas Eve , with reductions on homewares and electrical products.

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  • Renault-Nissan Considered Secret Ghosn Payment Plan, Email Shows
Renault-Nissan Considered Secret Ghosn Payment Plan, Email Shows

He had appeared set for release Friday after a court surprisingly rejected the prosecutors' demand to extend his detention for further questioning. The Nissan spokesman said the company can't comment on "the sequence of events leading to Kelly's detention by the Prosecutors Office, who acted at their discretion".

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  • Trump considering firing Fed Chair Jerome Powell after latest rate hike
Trump considering firing Fed Chair Jerome Powell after latest rate hike

Some of Trump's advisers have warned him that firing Powell would be disastrous. Bloomberg News was the first to report that Mr Trump has been privately discussing firing Mr Powell. Republican Representative Dennis Ross of Florida said many of his GOP colleagues are already disturbed by Defense Secretary James Mattis's exit, and to now be anxio...

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  • Wall Street swoons as government shutdown deadline looms
Wall Street swoons as government shutdown deadline looms

The Russell 2000 index of smaller companies sagged 23.23 points, or 1.7 percent, to 1,326. The S&P 500 fell 50.84 points, or 2.06 per cent, to 2,416.58, Xinhua news reported . After steady gains through the spring and summer, stocks have slumped in the fall as investors worry that global economic growth is cooling off. Today's data from the Unit...

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  • GST Council cuts rates on 23 items, rationalises 28% slab
GST Council cuts rates on 23 items, rationalises 28% slab

After the Goods and Services Tax (GST ) Council meet on Saturday, government said that six items have been removed from the 28 per cent tax slab under the Goods and Services Tax (GST) regime. GST Council also agreed to set up a Centralized Advance Ruling Authority, the FM said. Amendment of section 50 of the CGST Act to provide that interest sho...

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  • Apple to reduce iPhone orders yet again: Analyst predicts
Apple to reduce iPhone orders yet again: Analyst predicts

Apple said it would appeal the injunction, which is nearly identical to another one issued last week in China . Because of this latest injunction, Apple is now prevented from selling the iPhone 7 and iPhone 8 in Germany. Apple has asked the Fuzhou Intermediate People's Court to reconsider the ruling. Apple said Qualcomm was charging five...

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  • GoFundMe campaign for Trump’s border wall nears $3m in 3 days
GoFundMe campaign for Trump’s border wall nears $3m in 3 days

Kolfage, The Hill reported, got the idea from The New York Post , which ran a column headlined , "Why hasn't someone made a GoFundMe for Trump's wall?" He claims that "many Americans have been murdered by illegal aliens", though studies have found a negative correlation between undocumented immigrants and crime rates.

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  • Dow dumps 400 points, on track for lowest close since April
Dow dumps 400 points, on track for lowest close since April

The Empire State Manufacturing Survey's headline general business conditions index, aggregated by the Federal Reserve Bank of NY, fell 12.4 points to 10.9 in November, weaker than analysts' expectations of the 20.6. The New York Stock Exchange is bathed in holiday light. "We're facing the biggest December fall in USA stocks since 1931 and this ...

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  • London's Gatwick Airport remain shut due to drone sightings
London's Gatwick Airport remain shut due to drone sightings

More than two dozen arriving planes have been diverted, according to flight-tracking service Flightradar24. Gatwick Airport has been shut after reports of two drones flying over the airfield. Passengers flying from Gatwick Airport this morning have been told not to travel to the airport, with all incoming and outgoing flights now suspended.

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  • Parrot uses Alexa to shop while owners away
Parrot uses Alexa to shop while owners away

The African grey population is dwindling precisely because they imitate human speech so well and people love to use them as pets. Despite being mischievous, Wischnewski thinks that her parrot is the sweetest. He has also asked the smart device to tell him jokes and play him songs. Things escalated when it began ordering items like water melons,...

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  • China said to agree to auto tariff cut as trade talks continue
China said to agree to auto tariff cut as trade talks continue

Articles appear on euronews.com for a limited time. It is a step toward cooling the rising trade tensions between the two countries, but its actual effect on USA automakers may be limited, said Kristin Dzichek, an analyst with the Center for Automotive Research.

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  • Senate passes $867 billion farm bill that would legalize hemp, expand subsidies
Senate passes $867 billion farm bill that would legalize hemp, expand subsidies

Lawmakers passed that rule 206-203 - with the votes of five Democrats , including Maryland Rep. The bill maintains current limits on farm subsidies, but includes a House provision to expand the definition of family to include first cousins, nieces and nephews, making them eligible for payments under the program.

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  • Kotak positive on GAIL, ONGC after OPEC production cut decision
Kotak positive on GAIL, ONGC after OPEC production cut decision

The next OPEC and non-OPEC ministerial meeting will be held in Vienna, Austria, in April 2019 to review the impact of the deal on the global oil market. "As good as it looks, our view is that it will not be able to provide long-term price supports because it could not help global oil inventories deplete".

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  • Oil Prices Jump Over 4% As OPEC Reaches Production Cut Deal
Oil Prices Jump Over 4% As OPEC Reaches Production Cut Deal

Prior to the meeting, specialized media pointed out Riyadh was under pressure from US President Donald Trump , who called for stable oil flows and low prices. On Wednesday morning, things got even more complicated. Zero", he said. "One hundred percent of the revenue that Iran receives from the sale of crude oil will be held in foreign accounts a...

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  • China increases pressure on US, Canada over Huawei executive's arrest
China increases pressure on US, Canada over Huawei executive's arrest

If extradited to the US, Meng would face charges of conspiracy to defraud multiple financial institutions, a Canadian court heard on Friday, with a maximum sentence of 30 years for each charge. Huawei used Skycom's Tehran office to provide mobile network equipment to several major telecommunications companies in Iran, people familiar with the compa...

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  • Tesla's Elon Musk on '60 Minutes': 'I do not respect the SEC'
Tesla's Elon Musk on '60 Minutes': 'I do not respect the SEC'

Mr Musk agreed to a settlement that would allow Tesla oversight of his posts on Twitter , specifically of messages that could lead to share price moves. He scoffed at the idea that [new chairwoman, Robyn Denholm] was put in place to keep him in line. Musk said "it's not realistic" to see Denholm as watching over him, because of his large share...

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  • Uber finally Inches Closer to the IPO Milestone
Uber finally Inches Closer to the IPO Milestone

However, its smaller USA rival, Lyft Inc. had also announced an IPO filing at the same day. However, Uber's IPO brings a positive push that it may open up public debuts of highly valued companies like Slack and Airbnb . In June it was reported by Mashable that Birds' valuation was $2 billion. As part of a push for transparency (and in an eff...

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  • Legal cannabis industry: Altria, Molson-Coors among companies exploring market
Legal cannabis industry: Altria, Molson-Coors among companies exploring market

Altria will acquire 146.2 million Cronos shares at a price of CA$16.25 per share, representing a 41.5% premium to the 10-day average price ending November 30, the last unaffected trading day before Cronos publicly disclosed discussions with Altria .

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  • Economists React To The November Jobs Report
Economists React To The November Jobs Report

Adult men: 3.3 percent; adult women: 3.4 percent; teenagers: 12.0 percent; Caucasians: 3.4 percent; African-Americans: 5.9 percent; Asians: 2.7 percent; Hispanics: 4.5 percent. But most analysts anticipate the economy will still grow. The leisure and hospitality unemployment rate for the month remained slightly higher than the national average ...

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  • OPEC face steep challenge to reach oil cut deal
OPEC face steep challenge to reach oil cut deal

International Brent crude oil futures fell below $60 per barrel early in the session, trading at $59.50 per barrel at 0144 GMT, down 56 cents, or 0.9 percent from their last close. OPEC sources said the group's de facto leader Saudi Arabia was opposed to exemptions in the deal demanded by Iran , which is under USA sanctions. Analysts said a bi...

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  • UK's May hints at Brexit backstop vote to save ailing deal
UK's May hints at Brexit backstop vote to save ailing deal

Cox advised there was a risk Britain might become stuck in "protracted and repeating rounds of negotiations". "There are those who just want to frustrate Brexit and overturn the vote of the British people". The British parliament is mid-way through a five-day debate on the Brexit deal, ahead of the vote which will define Britain's departure fro...

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  • Canada arrests Huawei’s global chief financial officer in Vancouver
Canada arrests Huawei’s global chief financial officer in Vancouver

He said Meng is sought for extradition by the U.S. "The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms Meng". The arrest in Vancouver is related to violations of United States sanctions, a person familiar with the matter said. He refused to provide any details on the circumst...

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  • Qatar quitting OPEC 'bad for oil cartel's and Saudi credibility'
Qatar quitting OPEC 'bad for oil cartel's and Saudi credibility'

Qatar is OPEC's smallest oil producer with around 600,000 barrels per day (bpd) against the cartel's total output of roughly 33 million bpd. "We'd suspect that numerous members are wary of how much influence the United States has over Saudi Arabia and whether this leads to decisions that are not necessarily in the best interests of OPEC", Kelty...

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  • Trump will not be speaking at funeral for George H.W. Bush
Trump will not be speaking at funeral for George H.W. Bush

Bush's service dog, Sully , lying in front of the flag-dropped coffin of his owner has won the hearts of thousands. The nation's 41st president died Friday at his home in Houston at 94. Bush received Sully in June from America's VetDogs nonprofit organization. Bush's family has not said who will speak at the service. He will now work ...

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  • Trump agrees to pause USA trade war with China
Trump agrees to pause USA trade war with China

At Trump's request, China agreed to label fentanyl a controlled substance due to its contribution to the USA opioid crisis. Trump has already imposed new tariffs on about $250 billion worth of Chinese imports, roughly half of all goods China imports to the USA every year.

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  • Dolce & Gabbana founders apologise for controversial China campaign
Dolce & Gabbana founders apologise for controversial China campaign

While it was no doubt meant to be tongue in cheek, a brand the size of Dolce should know when to exercise humour and when to err on the side of caution. Security guards and police officers have been stationed outside Dolce & Gabbana stores in Beijing and Shanghai . Again, racism was cited at its roots.

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  • Trump Says May Cancel Putin Meeting At G20 Over Ukraine Conflict
Trump Says May Cancel Putin Meeting At G20 Over Ukraine Conflict

Kudlow said Trump had told advisers that "in his view, there is a good possibility that a deal can be made, and that he is open to that". China has not agreed to US President Trump's new trade parameters, and as a result, Trump is threatening an increase on the current tariffs and the addition of new ones.

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  • Asahi: Japan prosecutors likely to build new criminal case against Ghosn
Asahi: Japan prosecutors likely to build new criminal case against Ghosn

The board of directors of the giant of the automotive Nissan , which met on Thursday to decide on the future of its iconic president, Carlos Ghosn, has unanimously made a decision to revoke it. Mr Ghosn, a Brazilian-French citizen of Lebanese descent, was detained after turning himself in to prosecutors upon arriving at Japan's Haneda airport on M...

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  • GM to Close 8 Plants, Lay Off Close to 15,000 Workers
GM to Close 8 Plants, Lay Off Close to 15,000 Workers

The Canadian and Ontario governments joined the United States in supporting GM with billions of dollars in aid after the automaker filed for bankruptcy protection during the severe 2009 global economic downturn. Jennifer French, who represents Oshawa in the provincial legislature, said she finds the news "gravely concerning". "GM workers have bee...

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  • Amazon workers held strikes across Europe on Black Friday
Amazon workers held strikes across Europe on Black Friday

But in a statement , Amazon said "the majority of workers on the morning shift" were working and processing orders . As Americans scoured the internet in search of shopping deals on Friday, Amazon .com warehouse workers in Europe were protesting the e-commerce giant - in some cases walking off the job to highlight what they said were unsafe ...

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  • Brexit deal approved by European Union leaders today
Brexit deal approved by European Union leaders today

Dozens of members of her own party have indicated they will not support the deal and the opposition Labour party plans to vote it down. The deal will nearly certainly come with steep costs for both sides, leaving leaders in the extraordinary position of negotiating a split that they nearly all believe will harm their citizens.

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