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Walmart to cut 2,300 Sam's Club employees

U.S. retail giant Walmart said it would lay off about 2,300 employees in an effort to streamline management at its Sam's Club warehouse division.

Deep freeze stresses propane market

Frigid winter temperatures are putting pressure on the propane industry, as prices have soared and some U.S. regions have had supply shortages.

Russia to discuss joining U.S. tax evasion pledge

Russian Finance Minister Alton Siluanov confirmed talks with the United States on cooperative tax evasion counter-measures are to resume next week.

Unemployment rate for California edges lower to 8.3 percent

California's unemployment rate dropped two ticks to 8.3 percent from 8.5 percent in December, the state's employment agency said Friday.

Cargill Meat settles discrimination suit with back pay and job offers

U.S. officials said Cargill Meat Solutions has agreed to pay $2.2 million in back wages to job applicants turned down through discriminatory practices.

Crude oil slides under $97 Friday

Crude oil prices slipped under $97 per barrel in New York as traders considered supply data, falling equities. a deep chill and stalled manufacturing in China.

Markets plunge Friday on jitters over earnings, emerging markets

U.S. stock indexes plunged for a second consecutive session Friday, with concerns ranging from lackluster corporate earnings to stalled manufacturing in China.

Critical design review for Webb Telescope spacecraft

Northrop Grumman said Friday it has successfully passed the spacecraft critical design review for NASA's James Webb Space Telescope.

BAMS-D logs 10,000-plus combat flying hours

Unmanned demonstrator aircraft built for the U.S. Navy by Northrop Grumman have surpassed 10,000 combat flying hours in the Middle East, the company reports.

GenDyn delivers satellite ground stations to Navy

Ground stations built by General Dynamics C4 Systems for use with Mobile User Objective System satellites have been accepted by the U.S. Navy.

Arctic ruling a setback for Shell?

A court decision regarding offshore oil and gas leases off the coast of Alaska could hinder oil giant Shell's plans to drill in the Chukchi Sea.

Kurds' oil deal with Turkey 'endangers Iraq's budget'

The feud between Iraq's central government and the minority Kurds' semiautonomous enclave over oil is reaching critical mass, if the head of parliament's treasury committee is to be believed.

Dassault boosts Rafale weapons capability

Dassault Aviation has increased the weapons carrying capability of its Rafale jet fighters, the company announced.

FTC wins antitrust case against Idaho hospital system

A federal judge in Idaho ordered a hospital system based in Boise to divest itself of a doctor group, as its acquisition was ruled anti-competitive.

Iraq asks U.S. for Hellfire missiles

Iraq is seeking Hellfire missiles from the United States as it battles a resurgence of al-Qaida and other militants.

U.S. suing KBR: Alleges false claims in Iraq work

The U.S. government is suing Kellogg, Brown & Root Services Inc. and two Kuwaiti companies over alleged false claims connected to providing logistical services.

Ergotron recalls about 215,000 television wall mounts

An Eagan, Minn., company is recalling more than 215,000 television wall mounts due to a weld that can break, U.S. regulators said Friday.

Raytheon supplying AESA radar for South Korean jets

South Korea has become the first international customer for Raytheon's F-16 ALR-69A active electronically scanned array radar.

USAF taps DynCorp for services in UAE

DynCorp International announced Friday receipt of a U.S. Air Force task order to provide engineering design and support services in the Middle East.

Arcturus flies GeoDragon image capture system on its UAV

Arcturus UAV says it has test-flown a sensor system capable of high-resolution 2-D and 3-D image capture on a medium-range unmanned aerial vehicle.

Leading economic indicators in Mexico slip

Mexico's Leading Economic Index dropped slightly in November, researchers at the Conference Board said Friday.

MTS supplies test systems for aircraft structures

An extensive array of mechanical test systems has been sold to Wichita State University's National Institute of Aviation Research by MTS Systems Corporation.

Gulf Arabs pursue united military command again, allies skeptical

Saudi Arabia and its five partners in the Gulf Cooperation Council say they're establishing a joint military command to coordinate their defenses, but it remains to be seen whether this will produce the coordinated military procurement that their American protectors are pushing for.

Inflation accelerates slightly in Canada to 1.2 percent

The consumer price index in Canada rose 1.2 percent in the 12 months to December, Statistics Canada said Friday.

EU takes stock of trade deficit with Russia

Trade between the European Union and Russia has soared in the past decade with the EU running a continuous deficit, the data office Eurostat said Friday.
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