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Currently, Wal-Mart operates a slew of more than 20 smaller office buildings throughout the state. But McMillon said that has become “expensive and inefficient to maintain.” Also, the dispersed offices “literally encouraged us to work in silos,” he said. The big-box retailer said it intends to bring most of its home office associates in northwest
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Timothy Fadek | Bloomberg | Getty Images Passengers use self check-in kiosks inside the United Continental Holdings Inc. terminal at Newark Liberty International Airport (EWR) in Newark, New Jersey, April 12, 2017. JPMorgan issued major reductions to earnings forecasts on U.S. airline companies Friday, warning that reluctance to raise fare prices is hamstringing profits. “The
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Oracle was the worst-performing stock in the S&P 500 on Friday, tumbling more than 6 percent in its worst day in 4 years. The company reported stronger-than-expected earnings on Thursday for the first quarter of its 2018 fiscal year, which ended on August 31. But the stock turned negative after the company gave guidance for
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A casual observer may assume Bridgewater Associates founder Ray Dalio, who runs the world’s largest hedge fund, only had a charmed investing career filled with success after success. But that isn’t the case, as the legendary investor explained in his upcoming book. He actually went broke eight years after he started his investment firm. Counterintuitively,
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Bitcoin surged about 13 percent on Friday, but was still on track for a big weekly loss during a tumultuous period of trading. The cryptocurrency fell as low as $2,951.15 Friday, its lowest level since early August, before rebounding to $3,641.47 in late afternoon trading. For the week, however, bitcoin has lost about 14.7 percent
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According to Conway’s research, Louisiana’s in-migration was greatly impacted in the post-Katrina period. “We saw a big dropoff in their migration in the five years to follow,” she said. “I would think there would be a similar dropoff after Irma.” Comparatively, after a series of hurricanes pummeled the Sunshine State in 2004-2005, including Charley and
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Shipping giant A.P. Moller-Maersk is taking the right steps to improve shareholder value, said the company’s former group chief executive. The conglomerate is currently in the midst of separating its transport and logistics businesses from its energy operations — an effort that’s been many years in the making, Nils Andersen told CNBC on Friday. Maersk
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Oracle stock rose by nearly 2 percent in extended trading Thursday immediately after the company reported stronger-than-expected earnings for the first quarter of its 2018 fiscal year, which ended on August 31. But the stock turned negative after the company gave guidance for the next quarter. EPS: Excluding certain items, 62 cents in earnings per
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Air-launch rocket builder Virgin Orbit took another step in making low-cost rockets a reality in a new deal with satellite developer Cloud Constellation. The Virgin Galactic spinoff, which is owned by billionaire entrepreneur Richard Branson, on Tuesday signed an agreement to launch a dozen communications satellites for Cloud Constellation’s SpaceBelt system. The rocket company expects
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The stunning data breach recently disclosed by Equifax, one of the nation’s top three credit reporting agencies, has imperiled millions of consumers, opening them up to identity theft, monetary losses and colossal headaches. Equifax investors are also shouldering the burden associated with the company’s apparently lax security practices. Since disclosing the breach, Equifax’s stock has
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Underpinning new blockchain-based networks such as IPFS are protocols, or rules, embedded in software that govern how participants interact. At least in theory, many of the interactions that happen online, such as those on social networks, ecommerce sites and search engines, could take place between willing users on decentralised networks. “If any of these protocols
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The Federal Trade Commission said Thursday it is investigating the data breach at Equifax that exposed the personal information of 143 million people, and New York’s Sen. Chuck Schumer said the company’s CEO and board should be be held accountable. “The FTC typically does not comment on open investigations,” FTC spokesman Peter Kaplan said. “However
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If there is anyone out there who doesn’t need affirmation from Wall Street analysts, it’s the 87-year-old investing icon Warren Buffett. But JPMorgan gave it to the ‘Oracle of Omaha’ anyway Thursday, initiating coverage on Berkshire Hathaway, the conglomerate he’s run for five decades, with an overweight rating. Despite being the sixth-largest company in the
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Lying is never the way to go. However, understanding why candidates lie can help correct the problem, said Dan Schawbel, author of Promote Yourself: The New Rules for Career Success. “Even though the economy might be doing better in terms of unemployment, there’s still a skills gap,” said Schawbel, adding that there are currently 6.2
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