Google to swap CEOs with Larry Page taking helm again
Google announces Eric Schmidt will move to executive chairman as Larry Page resumes the CEO role April 4. Schmidt departs day to day duties, citing desire to pursue other challenges while Page and Sergey Brin continue steering the internet giant valued over $200 billion.
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Walmart to reformulate thousands of store brands for healthier options
Walmart plans to reduce sodium and sugar in thousands of Great Value and other store brands and urges suppliers to follow. The move includes price cuts on produce and new stores in underserved areas. First Lady Michelle Obama backs the effort as a potential marketplace transformation.
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Home sales hit 13-year low in 2010
The National Association of Realtors reported 2010 sales fell 4.8 percent to 4.91 million units, the weakest in 13 years. December saw a 12.8 percent month rise to a 5.28 million pace, the strongest since May, amid higher mortgage rates and cautious buyers. Analysts warn a full recovery will take years.
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