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SC Gymboree stores to shut down, closing sales to start next week

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Closing sales are scheduled to start on Tuesday, according to the corporation's website . Cape Girardeau, Missouri and Evansville, Indiana's locations, however, are on the closing list. "Currently there is too much physical retail space across the country and stores are consolidating their footprints, but physical retail is not going away". Read More »

Wanda sells resorts for $9.27bn

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Developers spent a record 96.7 billion yuan in the second quarter on acquiring competitors or their assets, according to data compiled by Bloomberg. "Shedding these so far unprofitable assets would not only reduce the company's debt ratio, highlighting the asset-light model, but also raise its chance of being listed as a non-property company", said Yan Yuejin, an analyst with E- house China R& D Institute. Read More »

Russia's Rosneft started to lift oil from Libya

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The production-cut agreement has had little impact on global inventory levels due to rising supply from producers not participating in the accord, such as Libya and Nigeria , and a relentless increase in USA shale oil output. If Libya and Nigeria are able to stabilise their output at current levels, they will be asked to cap supply as soon as possible, Almarzouq added. Read More »

Takata Recalls 2.7M Airbags After Finding Drying Agent Doesn't Prevent Ruptures

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Honda says its service procedures recommend disconnecting the battery when working on the air bag system. Police photos show the metal airbag inflator exploded and shot out fragments of metal. Honda urged owners who have received recall notices to get repairs made as soon as possible, especially those with the most risky type of inflator. Read More »

Welcome back Spider-Man!

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The domestic debut is Sony's second-highest opening ever and the second-biggest opening for a Spider-Man film behind 2007's "Spider-Man 3". But come on: if you're going to tell a Venom story, Peter Parker has to be involved - especially now that Homecoming is such a massive hit. Read More »

Composed Konta quells Garcia to make history at home

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It's the first time a British woman has made the quarter-finals since Jo Durie in 1984 but Konta has proved a pro when it comes to keeping a lid on emotions and dialling down expectations. "To be honest it was such a tough match to play, she's in good form and serving really well". The brilliant down the line victor that made her reduce the gap to 3-5 was too little and came too late. Read More »

United States bounces back, tops Spain to claim bronze medal in World Cup

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Brandon McCoy (Cathedral Catholic H.S/San Diego, Calif.) contributed eight points and seven rebounds, while Pritchard and Hamidou Diallo (Kentucky) each added eight points. But, with 1.3 seconds remaining before the second quarter buzzer, Barrett was fouled on a deep 3 attempt, and after sinking all three free throws, Canada headed to the locker room with a 45-42 lead and Barrett having accounted for 25 of those points. Read More »

Construction Fire Latest Devastating East Bay Blaze

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Small explosions were heard as the flames moved through the structure and a large crane dangled over the blaze, threatening to possibly collapse. A huge fire at a building that was under construction in Oakland near Lake Merritt has been contained. Read More »

SoundCloud cuts 40% of workforce, closes London office

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In a blog post on his site, SoundCloud co-founder and CEO Alex Ljung announced his vision for the company's future, which he assured readers and users will continue to operate in almost 200 countries. "This requires cost cutting, continued growth of our existing advertising and subscription revenue streams, and a relentless focus on our unique competitive advantage - artists and creators". Read More »

Qatar Airways lifts laptop ban on flights to United States

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Qatar Airways announced early Thursday it is exempt from the USA ban on electronics in aircraft cabins on flights from the Middle Eastern country's capital city to America. "People who want to disrupt aviation will do it from other places where there is no ban", he said. Qatar Airways originally attempted to skirt the ban by lending laptops to business class customers. Read More »

Samsung To Invest Heavily In Memory Chip Plants

The investment includes 14.4tn won by 2021 on Samsung's new NAND factory in Pyenogtaek and an additional 6tn won in a new semiconductor production line in Hwaseong, reports Reuters . Samsung sees the brisk semiconductor market as offering a chance to gain more ground on struggling Toshiba. Higher smartphone memory capacity and strong demand from data centers have add to the crunch. Read More »

How Michigan, neighboring states responded to request

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Last week, Trump administration officials sent requests to all 50 states for publicly available information as part of an investigation into the integrity of elections. Trump established the commission in an effort to combat voter fraud the president alleged during the 2016 Presidential Campaign. "Some voter data such as names and addresses are already public record", Matt Roberts said. Read More »

Oil is rallying as it rebounds from last week's 10-month lows

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However, there's no denying that the USA still remains awash with excess oil that is derailing bulk of the OPEC-led cuts aimed at rebalancing the market. Per the most recent report , US output decreased 100,000 barrels per day - the largest fall since July 2016. United States drilling activity slipped for the first time since January. Read More »

First issue under Bond Connect by China's policy bank oversubscribed

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Chinese bonds can now be bought by banks, insurers and fund managers via The Bond Connect scheme in Hong Kong , opening up the China's US$9trn bond market to widespread foreign investment for the first time. An analyst report from DBS Bank stated the structure of Bond Connect is similar to that of China's existing Stock Connect schemes, but would also grant access to the onshore FX market. Read More »

Abu Dhabi airport now exempt from U.S. ban on laptops

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It has taken place with immediate effect, after the Transport Security Administration (TSA) - part of the Department of Homeland Security - completed an "observation and verification session" this morning. "Their efforts are a model for both foreign and domestic airlines". Etihad said its passengers flying to the United States from Abu Dhabi International Airport "clear US Immigration and Customs at the US Preclearance facility in Terminal 3". Read More »

Berkshire's Warren Buffett Sees $12 Billion Windfall From This Bank

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Shares of Bank of America were up 16 cents at US$24.48 in early trading on Friday. In addition to now being the largest shareholder in Bank of America , Berkshire Hathaway is also the largest shareholder of Wells Fargo. With a change in Berkshire's shares, Mr. Buffett effectively would be saying that he would like to take part in possible gains on Bank of America's stock while still enjoying a steady dividend. Read More »