Retail Trade Group Cuts Yearly Outlook

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Retail sales this year are likely to be lower than expected, the retail industry's main trade group said Wednesday, as chains struggle to lure consumers back to their stores after a harsh, long winter.

U.S. Seeks New Rules for Rail-Shipped Fuel

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The U.S. government wants to phase out thousands of railroad tank cars that carry crude oil and ethanol within two years, as part of proposed rules to upgrade safety for trains carrying flammable fuels.

Airlines Take Flight on Twitter

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After last week's crash of Flight 17, Malaysia Airlines turned to Twitter to keep the world informed about the disaster, while other airlines have tweeted about canceled flights to Tel Aviv after a rocket strike in a suburb near the airport..

Fox's Debt Key in Time Warner Bid

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Ever since his News Corp survived a bruising liquidity crisis in the early 1990s, Rupert Murdoch has been careful to avoid getting overextended financially. But his pursuit of Time Warner could test that philosophy.

Microsoft's Net Takes Hit on Nokia

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Microsoft said its quarterly profit declined as the company absorbed a financial hit from acquiring Nokia's money-losing cellphone business.

Tel Aviv's Tech Hub Scrambles Amid Disruptions

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Israel's battle with Hamas has some tech entrepreneurs in Tel Aviv scrambling to staff their startups and keep to their travel plans.

Sealed Air Moving to North Carolina

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Sealed Air Corp. plans to relocate its headquarters to Charlotte, N.C., where it will consolidate about 1,300 jobs.

Clippers Will Suffer If Sterling Stays, Interim CEO Says

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The interim chief executive of the L.A. Clippers said that embattled owner Donald Sterling's reputation has become so unfavorable that the team could lose its head coach, season ticket holders and corporate sponsors.

Obama Administration Plans Stricter Oil Train Safety Standards

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The Obama administration will unveil on Wednesday new rules proposing stricter safety standards on trains carrying flammable fuels, according to a Capitol Hill source familiar with the pending regulation.

As Cereal Slips, New Battle Over Breakfast

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Americans' shift to low-carb, high-protein foods has sapped sales for Kellogg and other cereal makers but could be a boon for McDonald's, Taco Bell and other fast-food chains.

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