NEW YORK - Several major U.S. retailers posted disappointing sales for November after shoppers remained cautious about spending, the latest sign that the holiday season is shaping up to be the toughest in years.
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FRANKFURT/DETROIT - General Motors will drop the Chevrolet brand in Europe by the end of 2015 after it failed to build significant market share, and the company will focus instead on its Opel and Vauxhall marques in a drive to return to profit on the continent.
NEW YORK/BOSTON - JPMorgan Chase & Co is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July.
NEW YORK - Lululemon Athletica Inc said it is implausible to believe it intended to sell hundreds of thousands of nearly sheer yoga pants and hope consumers wouldn't notice, and that a securities fraud lawsuit claiming it did just that should be thrown out.
LONDON - Deutsche Bank said on Thursday it is largely closing its global commodity business due to mounting regulatory pressure, becoming the biggest bank yet to exit the once lucrative sector.
Corporate issuers seem to take Presidents' Day, or at least family ski vacations, quite seriously.
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