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  • GOP tax plans could eliminate popular tax breaks
    Business
    Associated Press6 hours ago

    GOP tax plans could eliminate popular tax breaks

    When Republicans say they want to lower taxes and get rid of loopholes to make up the lost revenue, they're talking about eliminating some very popular tax breaks enjoyed by millions of people. If Congress does cut taxes for everyone, lawmakers risk exploding an already large budget deficit. Republican leaders in the House and Senate say they don't want a tax overhaul to add to the national debt.

  • Amazon CEO Jeff Bezos made one huge mistake that Walmart could make him pay dearly for
    Business
    The Street15 hours ago

    Amazon CEO Jeff Bezos made one huge mistake that Walmart could make him pay dearly for

    Amazon's  (AMZN) Jeff Bezos is surely "cursing the sky" after Walmart (WMT) posted killer e-commerce growth in the fourth quarter on Tuesday, said Eric Schiffer, CEO of online marketing agency DigitalMarketing.com. Walmart said its sales from e-commerce gained a whopping 29%, helped by the $3.3 billion September acquisition of Jet.com, led by founder and CEO Marc Lore.  Lore also founded Quidsi, the company behind Diapers.com and Soap.com, which was bought by Amazon in 2010 for $550 million. Lore stayed with Quidsi for roughly two years while under Amazon's control. "I think Amazon letting Marc go was the biggest mistake in history since Caesar let Mark Antony go to Egypt to be with Cleopatra,"

  • As crazy as it seems dying Sears has opened this new store concept -- take a look
    Business
    The Street16 hours ago

    As crazy as it seems dying Sears has opened this new store concept -- take a look

    Is the dying Sears Holding Corp. (SHLD) back in growth mode? Apparently it's having visions that all is just fine and dandy.  With little fanfare, Sears opened a full-service auto care facility called DieHard Auto Center Driven by Sears in San Antonio last week. The news of its debut was first reported by Automotive News. Similar to a Pep Boys, Sears' auto service stop provides oil changes, tire replacement and vehicle repairs and assessments. Unlike Sears Auto Centers, the Diehard Auto Center isn't attached to a Sears store or in a parking lot of one.  In effect, the store may be nothing more than Sears trying to showcase the brand's potential. To raise cash last May, Sears put its three best-known