Retail News
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Consumer confidence rose in May to the highest level since October 2007 as Americans became more upbeat about the prospects for employment.
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Grupo Modelo SAB, the brewer of Corona beer, had its biggest weekly gain since October as traders speculated that demand will remain intact even as Europe’s debt crisis curbs consumer spending.
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Comcast Corp.’s NBCUniversal division is in talks with Microsoft Corp. about buying out the software maker’s stake in the MSNBC.com news website.
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The U.S. luxury sector, a bright spot in U.S. retailing for the past two years, is struggling to maintain momentum as Europe’s sovereign debt crisis sends shockwaves across the Atlantic.
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