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Macy's to close 6 stores, open or expand 9

U.S. retail giant Macy's Inc. said it would close six stores in 2013 and open or expand nine others.
Chrysler leads U.S. rivals in sales gains

Chrysler leads U.S. rivals in sales gains

Major U.S. and foreign automakers posted sales gains with Chrysler reporting a 10 percent jump in December compared to December 2011.

Mortgage rates start year near record lows

Long-term U.S. mortgage rates started 2013 near record lows, promising a boost for "the ongoing housing recovery," the Federal Home Loan Mortgage Corp. said.
Subaru recalls 633,842 vehicles

Subaru recalls 633,842 vehicles

Subaru of America Inc. said it would recall 633,842 vehicles due to a problem with an accessory light that could result in a fire, U.S. regulators said.

U.S., Google settle antitrust matter

The U.S. Federal Trade Commission says Google, in a settlement, has agreed to change its business practices following a two-year antitrust investigation.

N. African states eye major energy drive

North African states are driving to open their energy sectors to foreign investment and boost oil and natural gas production.

Hormel to buy Skippy brand spreads

U.S. food processor Hormel Foods Corp. said Thursday it had agreed to buy Skippy peanut butter brand for $700 million from Unilever United States Inc.

UPI NewsTrack Business

Markets turnaround Thursday ... 2012 job cuts lowest total since 1997 ... Google exec to travel to North Korea ... Big Apple business activity expands ... News from United Press International.

India to auction coal blocks

The Indian government for the first time is offering coal blocks for exploration by auction.

Big Apple business activity expands

A barometer of New York City business activity reached a five-month high in December, the Institute for Supply Management said Thursday.
Mortgage activity slows at close of 2012

Mortgage activity slows at close of 2012

U.S. mortgage activity fell sharply in the final two weeks of 2012, the Mortgage Bankers Association said Thursday.

SAIC helps environmental cleanup

U.S. Army installations in the United States are to receive environmental remediation support services from SAIC.

Companies team for DIA support work

Two U.S. companies are joining together for work on a five-year indefinite-delivery/indefinite-quantity contract from the U.S. Defense Intelligence Agency.

2012 job cuts lowest total since 1997

U.S. layoff announcements dropped in December, giving 2012 the lowest annual total since 1997, a private outplacement firm said Thursday.

Surge in electric vehicle sales expected

Higher fuel prices suggest global sales of electric vehicles could increase at a rate of 40 percent for the rest of the decade, a U.S. research company said.
Private sector gains 215,000 jobs

Private sector gains 215,000 jobs

Payroll firm Automatic Data Processing said the U.S. economy added 215,000 non-farm private sector jobs in December, far more than economists expected.

Shell gets salvage team on grounded rig

Weather conditions were such that a five-member team of salvage experts was able to board Shell's grounded Kulluk rig off Alaska's coast, the company said.

U.S. oil boom has minor price impact

Experts expect a minor shift in global energy prices because of the oil and natural gas boom in the United States, an analyst said.

First-time jobless claims rise in week

The U.S. Labor Department said Wednesday first-time jobless benefits claims rose by 10,000 in the week to 372,000 claims.
New bill, old dodge

New bill, old dodge

As would be expected, banking giant Goldman Sachs Group revealed in a regulatory filing that it had sneaked some payments in under the wire in December.
ANTHONY HALL, United Press International

Alaska senator welcomes gas pipeline nod

U.S. Sen. Lisa Murkowski, R-Alaska, said building a natural gas pipeline through the Denali National Park is a low-risk option for the state.

Berkshire Hathaway arm takes solar leap

A division of Warren Buffett's Berkshire Hathaway company said it was investing in what it says will be the largest solar plant in the world in California.

U.S. oil company latest to move on Morocco

U.S. company Plains Exploration and Production said it aims to start drilling in a highly prospective play off the coast of Morocco.

Seaway oil pipeline expansion nearly done

Work necessary for the expansion of the Seaway oil pipeline from Cushing, Okla., is in the final stages, an energy company said.

Oil, gas form economic base for Scotland

With a wholesale value of $2.4 trillion, oil and natural gas in the Scottish waters of the North Sea provide a key source of revenue, the first minister said.
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