Foot Locker Results Top Expectations

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Foot Locker posted better-than-expected results in its holiday quarter as the sportswear retailer continues to benefit from strong sales growth.

Big Lots Posts Soft Guidance

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Big Lots Inc. reported its fourth consecutive quarter of same-store sales growth, but warned that sales for fiscal 2015 would be flat.

Sompo Japan to Buy Stake in France's Scor

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Sompo Japan Nipponkoa Holdings said it has decided to spend about $915 million to buy a stake in French reinsurance giant Scor.

U.S. Furniture Store Sets Sights on Asian Expansion

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Low prices and speedy production have made Ashley by far the biggest U.S.-based furniture maker and retailer. Now, it is turning its sights on Asia as it outgrows the McMansion.

VW to Announce Mexico Plant Expansion

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Volkswagen is set to announce details of a planned expansion of its Mexican plant to build a new, longer version of its Tiguan sport-utility vehicle, according to a person familiar with the situation, part of the company’s strategy to offer more SUVs for American customers.

Bidding War Yields Rich Price for Biotech

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The multibillion-dollar sales potential of a cancer drug that Pharmacyclics chanced upon nine years ago prompted a three-way bidding war that culminated late Wednesday in AbbVie’s $21 billion deal to buy the biotech.

Daimler Invests in U.S. Factory

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Daimler will invest $500 million to build a Mercedes-Benz factory in South Carolina after state officials promised tens of millions of dollars in grants, property tax abatements and training support for the plant.

Year of the Ram Batters Hong Kong Luxury Retailers

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Hong Kong’s retailers are getting pinched by weak consumer demand from mainland China, with some companies reporting steep sales declines over the Lunar New Year period, driving their share prices lower.

Ports Gridlock Alters Supply Chain

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The labor dispute that caused months of gridlock at West Coast ports may be over, but the disruption is expected to redraw the trade routes goods follow, as they journey to U.S. factories and store shelves.

Google Wireless Plan Has One Catch

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Google’s planned wireless service will work only on the company’s latest Nexus brand smartphone and not on other phones using the Android operating system.

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