Mixed inflation signals spark stock selloff in New York
Wall Street extended losses as oil and gold dipped but inflation fears persisted. The May producer price index showed higher core prices, keeping traders anxious about Federal Reserve rate moves and a possible economic slowdown.
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Wal-Mart Tailors Stores by Customer Segments
Wal-Mart Stores Inc plans store by store personalization for five customer segments suburban/affluent urban multicultural Hispanic baby boomer and rural. It expands bilingual signage extends financial services and home goods while remodeling 1800 stores focusing on fitting rooms and home lines to meet shoppers needs amid higher fuel prices and stronger value messaging.
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Meredith and SEED publish Chinese edition of Better Homes & Gardens
Meredith Corp and SEED Media Group announce a Chinese language edition of Better Homes & Gardens now available in mainland China Hong Kong Taiwan and Singapore with more than 300 pages including a feature 100 Years of Home Revolution to trace the magazine history.
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Oil prices tumble for second day on inflation fears
Oil futures fell for a second straight day amid a broader commodity selloff tied to nervousness over rising inflation and higher interest rates. Analysts noted slower global energy demand and tighter supply, while Bill O Grady of A G Edwards said central bank rate hikes are deflating asset bubbles and driving investors toward safer assets.
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