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CVS hires Wal-Mart ex-retail exec, Wal-Mart sues

CVS Caremark Corp named a recent Wal-Mart Stores Inc executive as the new president of its retail pharmacy business, prompting Wal-Mart to sue over an alleged breach of a noncompete agreement.

US unemployment edges up

A woman browses job openings at a job fair in Los Angeles
The unemployment rate in the U.S. surprisingly edged up in November after remaining constant for three months, the U.S. Labor Department reported on Friday.
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Forex broker FXCM goes public with IPO

FXCM (NYSE:FXCM) raised about $211 million from its initial public offering (IPO) of 15,060,000 shares, priced at $14 per share -- the company now has a total market value of about $1 billion.
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What led Amazon Kick off WikiLeaks from Servers?

Amazon removed whistle blowing website WikiLeaks from its servers amid pressure from federal lawmakers who were upset with WikiLeaks' recent release of certain confidential and sensitive government information.
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Google Enters E-Reader Market

While the company is not confirming details, a media report says their new endeavor will be an open platform with an attached retail store.

KKR-led consortium gobbles Del Monte for $5.3 bln

Del Monte Foods, one of the country's largest producers, distributors and marketers of branded food and pet products for the U.S. retail market, has agreed to be acquired by an investor group led by private equity firm Kohlberg Kravis Roberts (KKR) for $5.3 billion, including debt.
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Cyber Monday sales hit all-time high: comScore

U.S. online retail sales on Cyber Monday hit an all-time high and surpassed $1 billion for the first time for any single day of web shopping, according to research firm comScore Inc.
Cyber Monday

Cyber Monday sales tops $1-billion for first time

Consumers spent $1.028-billion online during Cyber Monday, up 16 percent from a year ago, and first time such spending surpassed the billion-dollar level. It was also the busiest online shopping day ever.
Apple profit view raised at ThinkEquity

Apple profit view raised at ThinkEquity

ThinkEquity has increased its profit estimates and price target on Apple Inc., saying that the recent expansion of iPad distribution in the U.S. and iPad's launch in more international markets, easing of supply constraints this quarter are strong positives for the company.
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Number of Black Friday Weekend shoppers increase from last year

The National Retail Federation (NRF) said that 212 million U.S. shoppers visited stores and websites over the Black Friday weekend, up from 195 million last year. Moreover, the average shopper spent $365.34 this weekend, up from last year’s $343.31 figure.
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Gold Hunger in China further bolstered by approval of first Gold Fund

Now institutional investors in China can join the gold buying frenzy as well, which retail investors and the Chinese central bank are already engaged in. China approved the country's first mutual fund that bets on gold prices, as inflation fears fuel demand for the precious metal.
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US futures point to flat opening

Futures on major U.S. indices point to flat opening on Monday as the European Union’s 85 billion euro ($113 billion) financial assistance package for Ireland failed to boost investor sentiment.

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