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Sports Authority is shuttering all stores amid bankruptcy

  New York / AP Sports Authority, which filed for bankruptcy protection three months ago, is shuttering all 460 of its stores after it was unable to adapt to consumers’ move online. The sports retailer had originally only planned to close about 140 stores, but in a court document this week it outlined plans to shutter all of them. The Englewood, ...

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Bombardier cuts Republic C Series order

  Bloomberg Bombardier Inc. has removed from its production schedule an order for C Series aircraft placed six years ago by bankrupt Republic Airways Holdings Inc. Republic agreed in February 2010 to 40 firm orders and 40 options for the CS300 model, with deliveries initially scheduled to start in 2015. While the firm orders remain in the planemaker’s backlog, removal ...

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Wal-Mart lifts retail shares as US stocks see retreat

  New York / AFP Wal-Mart and some smaller retailers surged following strong quarterly results, while the broader US market retreated on worries about higher interest rates. Wal-Mart Stores jumped 9.6 percent after reporting better-than-expected first-quarter earnings. Sports apparel and equipment chain Dick’s Sporting Goods and youth-oriented apparel chain Urban Outfitters soared 8.6 percent and 14.0 percent following earnings. The results ...

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