Costco cardholders will transfer from Amex to Citi in June

Costco cardholders will no longer be able to pay with American Express come June. That’s when a deal for American Express to sell its Costco-branded portfolio to Citibank is expected

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Tribune Media may sell businesses after posting $381M in Q4 loss

Tribune Media, which owns and operates 42 TV stations, said Monday it’s exploring “strategic and financial” options, including possibly selling businesses and assets, as losses mount and advertising sales tumble.

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United Natural Foods to acquire Haddon House for $217.5 million

Natural and organic food product distributor United Natural Foods said Monday that it will acquire Haddon House Food Products in a $217.5 million deal. The acquisition positions United Natural Foods

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New-home sales tumble in January on big decline in West

Americans stepped back from buying new homes in January, as purchases plunged sharply in western states where prices are typically higher. The Commerce Department said Wednesday that new-home sales fell

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Stocks rise despite drop in oil; China slides 6%

U.S. stocks shrugged off a sell-off in Shanghai and were slightly higher Thursday as Wall Street looks to build on yesterday’s big rebound rally that wiped out big losses and

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All eyes on economy as Fed rate decision looms

An oil production cut is off the table — at least for now. So there goes one potential catalyst for higher stock prices right out the window. That raises the

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Sears Q4 loss deeper after competitive holiday season

Sears (SHLD) reported a fourth quarter loss Thursday well below expectations after struggling through a competitive holiday season. Sears warned earlier this month that it didn’t expect to fare well

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Google is killing yet another rival

If there was a survival guide for technology companies in 2016 – one rule would be to never get in the way of Google’s parent company Alphabet (GOOGL). Just ask

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Earnings push Salesforce shares higher

Shares of Salesforce.com are climbing in early trading, while new details surfaced on Apple’s next, smaller screen iPhone. Salesforce.com. The cloud computing company raised revenue guidance for the fiscal year

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Chinese stocks plunge more than 6%

China’s Shanghai composite index plunged more than 6% Thursday — its biggest one-day drop in a month — amid ongoing fears about the health of the world’s second largest economy.

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Durable goods orders rebound in Jan.; weekly jobless claims bump up

Orders to U.S. companies for long-lasting manufactured goods advanced in January at the strongest pace in 10 months. Moreover, a key category that tracks business investment surged by the largest

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Viacom may sell “significant” minority stake in Paramount Pictures

Viacom said Tuesday it may sell a “significant” minority stake in Paramount Pictures, seeking to generate funds amid volatility in its cable TV business and responding to shareholder calls to

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