Retail industry

FILE- In this Tuesday, Jan. 1, 2019, file photo, an empty shopping cart sits in the snow outside a Sears store in the Streets of Southglenn mall in Littleton, Colo. Sears is getting another reprieve from liquidation after its chairman and largest shareholder revised his bid to save the iconic brand. The Hoffman Estates, Illinois-based retailer says it has accepted Eddie Lampert's bid through an affiliate of his ESL hedge fund that could keep 425 stores open and save tens of thousands of workers, according to a hearing on Tuesday, Jan. 8, 2019, at the bankruptcy court in White Plains, N.Y. (AP Photo/David Zalubowski, File)
January 08, 2019 - 2:33 pm
NEW YORK (AP) — Sears received another lifeline after the company's chairman and largest shareholder promised to line up the necessary financing to the struggling department store chain afloat. The reprieve came Tuesday after what Sears lawyers described to a bankruptcy judge in New York as "round-...
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January 03, 2019 - 6:53 pm
NEW YORK (AP) — "Death Wish" novelist Brian Garfield, whose murderous classic about a right-wing vigilante launched a film franchise starring Charles Bronson, has died at age 79. Garfield died "peacefully" on Dec. 29 at his home in Pasadena, California, literary agent Judy Coppage said. He is...
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January 01, 2019 - 9:22 am
ASHGABAT, Turkmenistan (AP) — A law sharply limiting the sale of alcohol has gone into effect in the former Soviet republic of Turkmenistan, whose authoritarian president has made physical fitness a top initiative. The law that took effect Tuesday forbids the sale of alcoholic drinks including beer...
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In this Wednesday, Dec. 19, 2018 photo attorney Brian Blatz sits on the roof deck at his office in Los Angeles. When California broadly legalized marijuana on Jan. 1, Blatz with a background in banking and health care had been working for a year to set up a trucking firm . On its website, Long Beach, California-based Verdant Distribution made clear its ambition: to be the nation's pre-eminent business for transporting cannabis. But the choppy rollout of California's legal market saddled the company with costly delays, and it was undone in the end by an abrupt state rule change that allowed just about any marijuana business to become its own distributor, undercutting the need for stand-alone companies like Verdant to do the job. (AP Photo/Richard Vogel)
December 30, 2018 - 8:41 pm
LOS ANGELES (AP) — It was supposed to be a great year for marijuana entrepreneur Brian Blatz. When California broadly legalized pot on Jan. 1, the lawyer with a background in banking and health care had been working for a year to set up a trucking company that would whisk fragrant marijuana buds,...
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In this Nov. 2, 2018 photo, a sign in the window at Sears promises that "This isn't goodbye," at the Livingston Mall in Livingston, N.J. Sears is closing 80 more stores as it teeters on the brink of liquidation. The 130-year old retailer set a deadline of Friday, Dec. 28, 2018 for bids for its remaining stores to avert closing down completely. (AP Photo/Ted Shaffrey)
December 29, 2018 - 12:03 am
NEW YORK (AP) — Sears Chairman Eddie Lampert's hedge fund said it submitted a last-minute bid Friday valued at $4.4 billion to keep the struggling retailer from being liquidated. Transform Holdco LLC, an affiliate of the ESL Investments hedge fund that Lampert heads, said it hoped to keep 425...
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Traders Robert Charmak, Michael Milano, and Steven Kaplan, left to right, work on the floor of the New York Stock Exchange, Friday, Dec. 28, 2018. Stocks are opening higher Friday as U.S. markets try to maintain the momentum from a late-day rally on Thursday. (AP Photo/Richard Drew)
December 28, 2018 - 10:06 pm
Wall Street capped a week of volatile trading Friday with an uneven finish and the market's first weekly gain since November. Losses in technology, energy and industrial stocks outweighed gains in retailers and other consumer-focused companies. Stocks spent much of the day wavering between small...
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FILE - In this Oct. 17, 2018, file photo a depiction of a cannabis bud drops from the ceiling at Leafly's countdown party in Toronto as midnight passes and marks the first day of the legalization of cannabis across Canada. The last year was a 12-month champagne toast for the legal marijuana industry as the global market exploded and cannabis pushed its way further into the financial and cultural mainstream. Canada ushered in broad legalization, U.S. drug regulators approved the first cannabis-based drug and investors pumped in billions of dollars. (Chris Young/The Canadian Press via AP, File)
December 27, 2018 - 2:44 pm
PORTLAND, Ore. (AP) — The last year was a 12-month champagne toast for the legal marijuana industry as the global market exploded and cannabis pushed its way further into the financial and cultural mainstream. Liberal California became the largest legal U.S. marketplace, conservative Utah and...
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December 26, 2018 - 10:22 am
NEW YORK (AP) — Americans buoyed by a strong economy pushed holiday sales growth to a six-year high. Retail sales rose 5.1 percent between Nov. 1 and Dec. 24 from a year ago, according to Mastercard SpendingPulse, which tracked spending online and in stores across all payment types, including those...
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December 20, 2018 - 3:38 pm
CHARLESTON, W.Va. (AP) — A congressional report on prescription pill dumping in West Virginia blames U.S. prescription drug distributors and the Drug Enforcement Administration for not doing enough to help mitigate the nation's opioid addiction and overdose crisis. The 324-page report released...
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Anti-Brexit demonstrators wave flags outside the houses of Parliament in London, Wednesday Dec. 19, 2018. (AP Photo/Tim Ireland)
December 20, 2018 - 9:15 am
LONDON (AP) — The Bank of England warned Thursday that uncertainties related to Brexit have "intensified considerably" since early November and weighing on the U.K. economy. While unanimously deciding to keep the bank's main interest rate unchanged at 0.75 percent, as expected, the nine-member rate...
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