Intuit Loss Widens on Higher Expenses

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Intuit reported that its fiscal fourth-quarter loss more than doubled as higher expenses more than offset an increase in revenue.

Al Gore Had Reservations About Selling Current TV to Al Jazeera

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Al Gore had "serious reservations" about selling Current TV to Al Jazeera, but ultimately overcame them because he believed the U.S. was likely to influence the broadcaster more than the other way around, court papers say.

Gap's Margins Narrow

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Gap joined a number of other specialty retailers in reporting narrower margins for its second quarter, while lower expenses helped buoy the company's bottom line.

Crumbs Bake Shop Cancels Auction, Seeks Sale to Investors

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A bid by television personality Marcus Lemonis and Dippin' Dots owner Fischer Enterprises to relaunch the closed Crumbs Bake Shop moved closer to reality this week after a deadline to trump the pair's $6.5 million offer came and went with no other takers emerging.

Sears Eyes Balance Sheet Help

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Sears Holdings Corp. burned through more cash as its losses mounted in the second quarter, prompting the once venerable retailer to say it is weighing additional steps to shore up its balance sheet.

Inversions Push Falls to Treasury's Tax Man

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Mark J. Mazur, the Obama administration's point man in the effort to deter U.S. companies from restructuring overseas to avoid taxes, is a career government economist known for his loosened neckties, Pez dispensers and sweeping grasp of the U.S. tax code.

DEA Restricts Narcotic Pain Drug Prescriptions

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The Obama administration moved to restrict prescriptions of the most commonly used narcotic painkillers in the U.S., with the DEA saying it would put hydrocodone combination drugs in the category reserved for medical substances with the highest potential for harm.

Will the grocery chain Market Basket survive as we know it?

Luxottica to Discuss Possible CEO Exit With Board

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The world's largest eye wear maker, Luxottica, said it would discuss the possible departure of Chief Executive Andrea Guerra at its next board meeting.

Shopper Malaise Hangs Over Target

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Target cut its outlook for the second time this year as traffic at its stores fell again, even though the discounter ramped up promotions to bring shoppers in.

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