Mall Closures Ripple Through Small-Town America

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Sears and Macy’s closures at an Ohio mall are a double hit for the mall and a former steel town being swept up in a wave of retail flight across the U.S.

Mnuchin Defends Investments, Qualifications in Senate Hearing

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Donald Trump’s pick for Treasury secretary, Steven Mnuchin, brushed aside criticism from Democrats over his qualifications and investment holdings and sought to reassure lawmakers on a range of issues.

EpiPen Rival to Return to Market

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The maker of an EpiPen rival said its emergency allergy treatment would return to the market on Feb. 14, adding more competition to the market for the costly products.

May Hints at Trump Rebuke in Vow to Lead on Free Trade

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British Prime Minister Theresa May said the U.K. would become a world leader in promoting the merits of globalization, underscoring her vision of an internationalist Britain outside the EU.

Janet Yellen Sticks to Steady Outlook on Rates

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Federal Reserve Chairwoman Janet Yellen said she doesn’t see the U.S. economy at risk of overheating and doesn’t expect growth to pick up much soon, comments suggesting the central bank is sticking to its plan of raising interest rates cautiously in the months ahead.

IBM Revenue Declines Again Amid Transformation

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IBM recorded its 19th consecutive quarter of declining revenue, as it continued to try to offset declines in older businesses with sales in newer ones that are growing rapidly.

Netflix Strategies Fuel Soaring Stock Price

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Netflix’s global expansion and ramp up of its streaming-operations has resulted in its share price hitting an all-time high on Thursday. Shares closed at $138.41 after the company posted strong fourth-quarter results Wednesday.

For Trump and China, Tough Talk Hides Big Vulnerabilities

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The prospects for accommodation between Donald Trump and China might seem bleak. But there is one reason for optimism: despite all the bluster, both sides have far more to lose than they are letting on.

Railroad Maverick Buoys CSX Investors

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Hunter Harrison has spent several years trying to assemble a transcontinental railroad empire. This week the 72-year-old maverick set aside that pursuit but not his desire to run one of America’s biggest railroads.

Paramount Pictures Gets a $1 Billion Infusion from China

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A $1 billion financing deal with two Chinese firms promises Viacom Inc.’s struggling Paramount Pictures some much-needed funds and a foothold in the world’s second-largest box-office market.

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