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Cyber Monday set to shatter sales recordsCyber Monday activity hit a historical peak Monday morning, and early data hints at a record-breaking Cyber Monday following a lackluster Black Friday weekend.听
Fast-food strikes and protests planned for 100 US citiesFast-food workers in about 100 cities are planning to walk off the job on Thursday, Dec. 5, to call attention to the difficulties of living on the federal minimum wage of $7.25 an hour.- Octocopter: Amazon (AMZN) tests drone delivery systemOctocopter? Yes, Amazon has an eight-rotor electric drone that it's testing for same-day delivery. CEO Jeff Bezos says the octocopter drones can carry packages that weigh up to five pounds and have a range of 10 miles.
Stock market's weekly gains: best in a decadeStocks end down slightly on Friday but S&P still manages eight straight weekly gains. Nasdaq is up 34 percent so far in 2013.听
Mayhem, violence mar Black Friday shopping holidayThe promise of post-Thanksgiving discounts on TVs and other goods has ignited violent incidents at retailers across he United States, including stabbings, shootings, and a bomb threat.
Black Friday 2013: Frenzied hordes of shoppers descend on retailersBlack Friday 2013: US shoppers continued with their two-day retail marathon on Friday, after some shops broke with tradition and opened their doors on Thanksgiving Day.
Pizza Hut fires manager, then offers to rehire himPizza Hut manager refused to open restaurant on Thanksgiving and was told to write letter of resignation. Now Pizza Hut wants to rehire the manager.听
Fisker bankruptcy: Feds to lose $139 million on Fisker AutomotiveFisker filed for bankruptcy last week. Fisker Automotive had borrowed $192 million from the federal government, of which only $53 million will be repaid.
Men's Wearhouse wants to acquire Jos. A. Bank in switchMen's Wearhouse is offering $1.54 billion for its menswear rival Jos. A. Bank. Less than two weeks ago, Jos. A. Bank dropped its own $2.3 billion bid for Men's Wearhouse after the latter called it 'opportunistic' and 'inadequate.'
Chrysler IPO delayed until at least 2014Chrysler IPO in 2013 is 'not practicable,' according to majority owner Fiat. The company hopes the Chrysler IPO will hit the New York Stock Exchange in early 2014.听
Mortgage rates fall to 4.22 percent for 30-year loanMortgage rates decline after two weeks of increases. Average mortgage rates for 15-year loan fall to 3.27 percent.
Fed stimulus tapering: How expectations continue to swingShould economic growth warrant a policy change, Federal Reserve officials may begin scaling back its stimulus in the near future. Some analysts are unsurprised, noting that the alternative would be indefinite postponement.听
Costco Bibles labeled 'fiction' draw apologyCostco Bibles with 'Fiction' written on the price tags drew the ire of a California pastor and prompted an apology from the company. The Costco Bibles were mislabeled by a distributor, according to Costco.听
Highest-paid musician: The 'Material Girl' out-earns Lady GagaHighest-paid musician? Madonna, by a wide margin. The second and third highest-paid musicians were Lady Gaga and Bon Jovi, respectively.
Dow reaches 16000 milestone, then falls backStocks don't hold onto gains after Dow moves above 16000 for the first time during trading. Still, Dow and S&P are on track for their best year since 2003.- Dubai Airshow: Boeing gets twice as many orders as AirbusDubai Airshow: Boeing got 342 aircraft orders compared with 142 orders for European rival Airbus. At the Dubai Airshow, Emirates airline ordered 150 Boeing 777x worth $55.6 billion.
Boeing 777X to be built outside Washington State?Boeing 777X production could move out of Washington State after machinists union votes down contract proposal. Among states that could compete to make the Boeibng 777X are聽South Carolina, Texas, southern California, Utah, Alabama, and Georgia.- Boeing 777X: Where will Boeing build new plane?Boeing 777X: Boeing says it won't reopen talks with the union that rejected a labor contract linked to its newest jet, the 777X. Boeing officials are at an air show in Dubai this week seeking 777X orders.
Obamacare: Tiny enrollment numbers highlight problemsThe Obama administration released low HealthCare.gov enrollment numbers on Wednesday. In the meantime, some legislators aim to alter the Affordable Care Act to enable those who wish to keep their current coverage to do so.听
Yellen: Fed has 'more work to do'The Federal Reserve's Vice Chair Janet Yellen could become the first woman to lead the U.S. central bank, if she's confirmed by Congress. Her remarks, prepared for a Senate hearing on Thursday, indicate her support of the Fed's current monetary policy.听
