Spending On Cars, Homes Threatens Apparel Sales As Holidays Approach

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Spending On Cars, Homes Threatens Apparel Sales As Holidays Approach

Spending On Cars, Homes Threatens Apparel Sales As Holidays Approach
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Spending On Cars, Homes Threatens Apparel Sales As Holidays Approach

Wochit 1:10 mins

Even with consumer confidence at a six-year high, retailers ranging from Target to Macy's are competing not only with each other but are also having to adapt to shifting spending... The stock market is inching higher in early trading as a plunge in factory orders last month made investors cautious. BATS Global Markets Inc and Direct Edge Holdings said they would merge in a deal that would create the second-largest U.S. stock exchange. Financial terms of the transaction, which is expected to close in the first half of 2014, subject to regulatory approvals, were not announced. The next CEO of Microsoft Corp has one big decision to make: press on with retiring chief executive Steve Ballmer's ambitious plan to transform the software giant into a broad-based devices and services company, or jettison that idea and rally resources around its proven strength in business software.

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