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U.S. markets recover from steep losses
CHICAGO, May 17 (UPI) -- FAO Schwarz and Macy's department stores plan to implement a new agreement in which the toy retailer will open outlets in 700 Macy's stores.
The first 75 full-sized FAO Schwarz stores will open in Macy's in the fall, along with another 200 smaller toy shops, The Chicago Tribune said. The newspaper said the first trial run of the Macy's-FAO Schwarz combination was conducted at the department store's State Street location in Chicago.
"This is an outstanding partnership that will bring toys back to Macy's in an exciting and unique way," Terry Lundgren, president and CEO of Macy's, told the Tribune.
FAO Schwarz also will market its private-label collections its new Macy's locations.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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