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Economy

Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base. About 1,000…

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Economy

Travis Kelce part of investor group aiming to revive struggling Six Flags

A group that includes activist investor Jana Partners and NFL player Travis Kelce says it has accumulated one of the largest ownership stakes in Six Flags Entertainment and intends to…

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Economy

Customers sue sneaker company On over shoes that cause ‘noisy and embarrassing squeak’

Customers of the athletic shoe company On have filed a class action lawsuit alleging that some of the brand’s sneakers squeak embarrassingly loudly when they walk. The class action suit,…

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Economy

Giorgio Armani group names longtime executive Giuseppe Marsocci as CEO

MILAN — Giorgio Armani has appointed deputy managing director Giuseppe Marsocci as chief executive with immediate effect, the Italian fashion house said on Thursday, confirming media reports. Marsocci, who has…

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Economy

LendingTree founder and CEO Doug Lebda dies in ATV accident

LendingTree CEO and founder Doug Lebda died in an all-terrain vehicle accident over the weekend, the online loaning platform said Monday. In a company announcement, LendingTree confirmed that Lebda unexpectedly…

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Economy

UPS is ‘disposing of’ U.S.-bound packages over customs paperwork problems

Thousands of U.S.-bound packages shipped by UPS are trapped at hubs across the country, unable to clear the maze of new customs requirements imposed by the Trump administration. As packages…

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Economy

China outlines more controls on exports of rare earths and technology

HONG KONG — China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military…

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Economy

Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

The newly formed media corporation Paramount Skydance has acquired The Free Press, an online news and commentary outlet co-founded by Bari Weiss, who will join CBS News as editor-in-chief. Weiss…

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Economy

YouTube to pay $24 million to settle Trump lawsuit

YouTube said Monday it would settle a lawsuit brought by President Donald Trump for more than $24 million, adding to a growing list of settlements with tech and media companies…

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Economy

Video game maker Electronic Arts to be acquired for $52.5 billion

Electronic Arts, maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired for $52.5 billion in what could become the largest-ever buyout funded by private-equity firms.…

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