Meijer braces for rivals in home turf shift
Meijer Inc. plans a major transformation to defend its Walker Michigan base amid rising competition from Wal-Mart and Target. A new slogan, logo and product lines plus a streamlined store design aim to cut build costs by 25 percent. Meijer also hired David Rockwell for future store looks and expands in Cincinnati and beyond while facing Wal-Mart’s scale advantage and Target’s regional pressure.
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Napster 2.0 to launch for holidays with 500000 tracks
Roxio chief executive Chris Gorog says Napster 2.0 will offer access to 500000 tracks with downloads internet radio and a plan for unlimited monthly access. Details on launch date pricing and usage beyond PC are undecided. The service may include original programming and artist interviews.
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Akron Beacon Journal names first African American editor
Debra Adams Simmons has been promoted from managing editor to editor and vice president at the Akron Beacon Journal, becoming the paper's first African American editor in 164 years. She succeeds Jan Leach who resigned in March. Simmons, 38, will lead the news operation and serve as top journalism representative to the community as contract talks with the Newspaper Guild begin.
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Stocks Mixed As Investors Gauge Rally Sustainability
Stocks finished narrowly mixed on Monday as Northrop Grumman and Kellogg beat expectations but investors doubted the rally's staying power. The Dow fell 18.06 to 9266.51 while the Nasdaq gained 4.66 to 1735.36 and the S P 500 slipped 2.16 to 996.52 amid caution ahead of key economic reports. Northwest ship gains and losses highlighted the uneven mood as Atlantic Coast Airlines dropped 2.53 to 8.09 amid broader profit concerns.
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Dollar firmed as markets await key US data
The dollar rose modestly against major peers as traders awaited a week packed with US employment, GDP and manufacturing releases. The euro flirted with 1.15 dollars but stayed below, while the dollar touched a 1 month high near 119.57 yen before easing. Across markets, stock indices in New York and Europe rose marginally with mixed volume.
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