Savings Rate Portends Healthy Holiday Spending

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Amid jitters over whether holiday shoppers can give the economy a year-end lift, here’s an unexpected cause for optimism: Americans aren’t feeling the need to save as much.

Florida's Hurricane Dry Spell Lasts

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As storm season comes to an end with Florida enjoying its modern-day record ninth consecutive season without a hurricane making landfall, many residents of the Sunshine State may not want to breathe easy just yet. Call it the calm before the potential storm.

Greek Port Gets Shipshape With China's Help

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China Overseas Shipping Group’s investment in the port of Piraeus outside of Athens ranks as one of the most successful Greek privatizations in recent decades.

Lord Mayor Lauds City of London

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The City of London doesn’t have an especially severe cultural problem, says Lord Mayor Alan Yarrow, maintaining that any such notion has been planted by rival cities that want to win back business from the U.K.’s financial center.

U.S. Officials Chase Fake Goods Online

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ICE and U.S. Customs agents are trying to crack down on counterfeit goods, but that trade has moved online where goods are shipped directly to consumers.

Wal-Mart and Target Take Fight to Amazon

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Wal-Mart and Target are becoming more aggressive in pricing and selling goods on the Web after losing ground in past years to online competitors like Amazon over Thanksgiving weekend.

Airbus Trims Dassault Aviation Stake

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Airbus said it sold $990 million worth of shares in French defense and private jet manufacturer Dassault Aviation back to the company and has plans to further decrease its stake by mid-2015.

U.S. Airlines Recovered from Wednesday's Nor'easter

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After canceling more than 750 flights on Wednesday, a busy travel day before the Thanksgiving holiday, due to snow, rain and winds across the East Coast, airlines were operating close to normal on Friday.

Momo Expects $256.6 Million From IPO

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The Chinese maker of social-media dating and chat mobile apps, Momo Inc., expects to raise $256.6 million from a planned stock offering, the company said in a regulatory filing.

New Entrepreneurs Find Pain in Spain

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Europe’s unemployment crisis has compelled hundreds of thousands of people to try to reinvent themselves as entrepreneurs. But these inexperienced business operators are flying into harsh headwinds.

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