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Adidas Shackle Shoes Rouse Fury Over Racist Connotation

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Got a sneaker game so hot you lock your kicks to your ankles? reads the caption beneath the Facebook post announcing Adidas' new high-top sneakers. The German sports brand's proposed new sneakers feature orange rubber shackles fixed to the back of the sneaker that can be attached around the ankle. The sneakers have since been dubbed the shackle shoes after rousing fury for its racist connotation.

JC Penney Shares Plunge After President Departs

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Shares of J.C. Penney Company, Inc. (NYSE: JCP) plunged mid-Tuesday by 10.15 percent, or $2.47, to $21.86 in the wake of president Michael Francis' departure, as the department store struggles to change its discount model and increase revenue.
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The Reserve Bank of India logo is pictured outside its head office in Mumbai

Reserve Bank Of India Disappoints Industry, No Rate Cuts Now

The Reserve Bank of India disappointed the industry as it left the repo rate and cash reserve ratio unchanged at 8 percent and 4.75 percent, respectively, in its mid-quarter policy review Monday. The reverse repo rate, at which banks lend money to the RBI, also remains unchanged at 7 percent.
Wine

US Sen. Coburn Seeks Cuts To Agro-Marketing Subsidies

As the U.S. Senate grapples with how to allocate about $100 billion a year for the next decade on food policy, one subsection of the farm bill is under attack, namely, the $200 million U.S. taxpayers spend every year to subsidize the marketing of well-established brands found in virtually every American pantry.
Kogan

Aussie Retailer Charging ?Tax? To Tech-Challenged Consumers

It might be time to tell your computer-feeble grandma or your hippie uncle Ned to update their copies of Microsoft Corp.'s (NASDAQ: MSFT) Internet Explorer browser from that ancient version they downloaded way back in 1999 and never bothered to update. (Update? What's that?)
Hillary Clinton

India and the United States: A Focus on the Fundamentals

This week, leaders from India and the United States will gather in Washington to discuss our expanding cooperation on everything from trade to technology to terrorism. There also will be issues on which we don't see eye to eye, and some of those may dominate the media coverage.
Dinner With Barack

Dinner with Barack: Hardly a Liberal Experience

Dinner with Barack -- for the liberal Democrat, few things sound better than free food with their fearless leader. Four prize dinners with the Great One -- awarded by drawing -- have come and gone; but have no fear, Dinner with Barack V is here.
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Greek Pasta Sales Surge On Election, Grexit Fears

Greeks are stocking up on non-perishable staples like pasta on fears that Sunday's elections presage an end to the nation's euro zone participation and a return to the drachma, Reuters reported Wednesday.
Essar Group's Vadinar Refinery

Churning Oil And Coal, Essar Group's Growth Mirrors Indian Economy

What started as a family construction firm in the 1960s, Essar Group, based in Mumbai India, now is a behemoth of a company. It is fully integrated in steel production, oil and gas production and refining, electric generation and shipping on five continents with revenue of more than $27 billion.
Why Apple Will Release The iPhone '5' With iOS 6 This Fall

Why Apple Will Release The iPhone '5' With iOS 6 This Fall

As expected, Apple unveiled iOS 6 during the keynote presentation for the 2012 Worldwide Developers Conference (WWDC) in San Francisco. Nobody knew what Apple would include in its latest mobile operating system for iPhone, iPad and iPod Touch, but with more than 200 new features added to the iOS platform, this is the most comprehensive update Apple has ever released to its mobile devices.
Supermarket Chain

FDI In Retail: Will It Boost India's Economy Or Leave Millions Jobless?

Indian retail sector, which is one of the fastest growing in the world, is under immense pressure to allow the Foreign Direct Investment. With multi-national retail giants like Wal-Mart and CarreFour and foreign investors lobbying the government to throw open the retail sector, the government has made several futile attempts in the past two years to allow FDI in retail.

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