US Business News

What's Barnes & Noble's Survival Plan?

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For Barnes & Noble, a shrinking market for print books, competition from Amazon and the costs of investing in its own e-reader and tablets has made the future uncertain for the retailer as it looks for additional revenue sources.

Calpine to Sell Six Power Plants

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Calpine will sell six U.S. power plants in the Southeast and Midwest to LS Power for $1.57 billion in cash, as the company focuses on its electricity sales businesses in Texas, California and mid-Atlantic states.

Wal-Mart Dives Deeper in Banking

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Wal-Mart is trying to shake up the money transfer industry with a new service that undercuts Western Union and MoneyGram with lower and simplified fees.

Chobani Expands Into New Yogurt Products

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Chobani is venturing beyond basic yogurt cups with plans to launch new products this year, including desserts and dips, as the company explores plans to new capital.

GE Plans to Divest More Businesses

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General Electric is planning to sell off more pieces of its sprawling conglomerate this year as Chief Executive Jeff Immelt seeks to improve profitability.

American Securities Puts Prison-Phone Operator GTL on Block

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Global Tel*Link, the largest U.S. operator of prison phones, is being shopped by its private-equity owner, a move that follows a decision by federal regulators to cap the fees companies can charge for interstate inmate calls.

Samsung, Globalfoundries to Adopt the Same Production Process

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Samsung Electronics Co. and Globalfoundries Inc. said Thursday they have agreed to adopt the same production process as they upgrade their chip-manufacturing services.

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