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JC Penney reported a deeper-than-expected drop in quarterly sales at stores open at least a year, the department store chain's second straight quarter of severe sales losses since changing its pricing strategy last winter.
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HONG KONG - Signs that the Chinese economy is sputtering mounted Friday, in the form of dismally feeble trade data that fanned expectations that Beijing would soon step up its efforts to buttress growth before a key leadership transition this autumn.
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By Andrea Tryphonides European stocks were down and the euro was lower against the dollar Friday, following another round of weak data out of China, prompting concerns about the strength of the world's second-largest economy.
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By Alex Lawler | LONDON (Reuters) - Oil fell to around $112 a barrel on Friday as a slowdown in China's trade flows and weaker forecasts from the International Energy Agency added to concern about demand, offsetting hopes of stimulus measures aimed at ...
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