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Posted inBusiness

Best Buy’s CEO resigns

The announcement comes less than two weeks after the electronics retailer unveiled a restructuring plan that will close 50 of its big-box stores, open 100 small-format stores and cut $800 million in costs over the next five years.

Posted inNews

Oil falls below $102 amid signs of weak US economy

Oil prices fell below $102 a barrel Tuesday as weak U.S. jobs figures and expectations of growing crude oil stockpiles raised the prospect that U.S. demand will remain tepid. By early afternoon in Europe, benchmark oil for May delivery was down 68 cents to $101.78 a barrel in electronic trading on the New York Mercantile […]