Christmas Shopping Season News
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Taiwan’s industrial output rose at the fastest pace in nine months in November, adding to signs the island’s economy is reviving.
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U.K. retail sales unexpectedly stagnated in November as spending at department stores slumped the most in almost two years.
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Cathay Pacific Airways Ltd., the largest carrier of international air cargo, said it has seen only a small increase in freight ahead of the Christmas shopping season, prolonging an 18-month downturn in industry volumes.
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Niyousha Kerr plans to drive two hours to Buffalo, New York from Toronto for Black Friday shopping at U.S. stores that will help drain C$5 billion ($5.01 billion) from Canadian retailers this holiday season.
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Wal-Mart Stores Inc.’s charge of illegal picketing by workers at some of its stores probably won’t be resolved by the National Labor Relations Board before the U.S. Thanksgiving holiday tomorrow, the agency said.
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German unemployment fell for a 17th month in November as business optimism improved, underscoring the gulf between Europe’s biggest economy and peripheral nations struggling to cut debt.
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Mediterranean Shipping Co., the world’s second-biggest container line, has deployed the largest vessel on a U.S. route in response to swelling demand for goods from Asia.
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Greek retail sales may drop 30 percent in the 2011 Christmas shopping season as growing unemployment, tax increases and wage cuts crimp shopping budgets, a Greek business group said.
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Texas Governor Rick Perry asked the U.S. Supreme Court to block the use of state legislative election districts drawn by judges, after a San Antonio court refused his request.
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Groupon Inc.’s decision to push ahead with an initial public offering as other startups hold off may be driven more by necessity than choice: The company needs cash to keep growing and is nearing the number of shareholders that requires it to report financial results.
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