Wal-Mart's U.S. CEO defends early Thanksgiving Day opening

NEW YORK (CNNMoney) CNNMoney spoke with Wal-Mart's (WMT, Fortune 500) U.S. CEO Bill Simon. Is shopping the kind of family tradition Wal-Mart wants to perpetuate? Simon: Our job is to try to anticipate what the customer wants... Having families...

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Bitcoin worth $9M buried in garbage dump

A hard drive containing about $9 million in bitcoin is trapped under mounds of trash at a landfill site like this one in the U.K. LONDON (CNNMoney) The device is now buried under a mountain of garbage at a landfill site in Wales. It will be almost...

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Wal-Mart protesters arrested at Black Friday rallies

Demonstrators protesting outside a Walmart in Paramount, Calif. are arrested during a 2012 Black Friday protest. Protesters took to the streets near a number of Walmart locations again this year. NEW YORK (CNNMoney) Ten people were arrested on...

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Stocks: Set to end November on a high

NEW YORK (CNNMoney) U.S. stock futures were edging higher, with the Dow Jones Industrial Average and the S&P 500 each adding 0.2%, and the tech-heavy Nasdaq up 0.4%. Trading is likely to be quiet Friday, with U.S. indexes closing at 1:00 p.m....

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Toys "R" Us deals gone in a flash

NEW YORK (CNNMoney) Hundreds of shoppers wandered through the sprawling Toys "R" Us store in Times Square at 10 p.m. on Thanksgiving -- a time when the store used to be closed for the holiday. Toys "R" Us opened its doors at 5 p.m. on Thursday...

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J.C. Penney shows signs of life on Black Friday

Shoppers headed to a J.C. Penney store in New Jersey on Thanksgiving seeking early Black Friday deals. WAYNE, N.J (CNNMoney) On Thursday night, the parking lot at a store in Wayne, N.J., was sparse an hour before opening at 8 p.m. Meanwhile,...

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U.K. moves to cool property market

The Bank of England says U.K. house price inflation is accelerating and spreading out from London. LONDON (CNNMoney) House prices have increased by about 7% in a year, and by much more in London, raising concerns that borrowers may have trouble...

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Target's Black Friday deals draw big lines

Black Friday "addict" Qiana Roberts, left, convinced her niece Najla Roberts and friend Qian Boone to stand in line for hours at a Philadelphia Target. PHILADELPHIA (CNNMoney) She skipped Thanksgiving with her family in order to get a spot in...

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J.C. Penney shows signs of life on Black Friday

Shoppers headed to a J.C. Penney store in New Jersey on Thanksgiving seeking early Black Friday deals. WAYNE, N.J. (CNNMoney) On Thursday night, the parking lot at a store in Wayne, N.J., was sparse an hour before opening at 8 p.m. Meanwhile,...

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Sriracha factory ordered to put a lid on smell after locals pepper city with complaints

NEW YORK (CNNMoney) A judge in Los Angeles County has ordered Sriracha maker Huy Fong Foods to suspend operations at a plant in the city of Irwindale that local residents claim has caused an overpowering odor. Irwindale claimed in a lawsuit that...

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Disgusted shoppers threaten to boycott Black Friday Thursday

This badge is circulating on Facebook and was shared more than 959,000 times as of mid-day Wednesday. NEW YORK (CNNMoney) Among their biggest targets: Kmart plans to kick Thanksgiving day off, opening stores at 6 a.m. and remaining open for 41...

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Black Friday: Is it worth it?

NEW YORK (CNNMoney) Some of the nation's largest retailers plan to open their doors on Thanksgiving Day, kicking off with Kmart (SHLD, Fortune 500) at 6 a.m.,Toys R Us at 5 p.m. Wal-Mart (WMT, Fortune 500) and Best Buy (BBY, Fortune 500) at 6 p.m....

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Disgusted shoppers threaten to boycott Black Friday Thursday

This badge is circulating on Facebook and was shared more than 959,000 times as of mid-day Wednesday. NEW YORK (CNNMoney) Among their biggest targets: Kmart plans to kick Thanksgiving day off, opening stores at 6 a.m. and remaining open for 41...

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Sriracha factory ordered to put a lid on smell after locals pepper city with complaints

NEW YORK (CNNMoney) A judge in Los Angeles County has ordered Sriracha maker Huy Fong Foods to suspend operations at a plant in the city of Irwindale that local residents claim has caused an overpowering odor. Irwindale claimed in a lawsuit that...

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Black Friday: Is it worth it?

NEW YORK (CNNMoney) Some of the nation's largest retailers plan to open their doors on Thanksgiving Day, kicking off with Kmart (SHLD, Fortune 500) at 6 a.m.,Toys R Us at 5 p.m. Wal-Mart (WMT, Fortune 500) and Best Buy (BBY, Fortune 500) at 6 p.m....

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Europe's golden visas lure rich Chinese

A fence separates Morocco from Spain's north African enclave of Melilla. Spain recently joined Portugal in offering rich foreigners a way into the EU in return for cash. LONDON (CNNMoney) Spain, Portugal, Greece and Cyprus, which have suffered...

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No tech bubble here

Market analysts say this Nasdaq run-up is nothing like the tech bubble of 13 years ago. NEW YORK (CNNMoney) It makes sense that benchmarks like the Nasdaq at 4,000 could reignite bubble fears. It comes after the recent string of successful initial...

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Stocks: Cheery mood on Thanksgiving eve

Click chart for in-depth premarket data. NEW YORK (CNNMoney) U.S. stock futures were continuing to edge higher Wednesday morning. The main indexes in the U.S. have risen by 23% to 33% so far this year thanks to an economic recovery spurred...

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1 in 6 unemployed are substance abusers

NEW YORK (CNNMoney) The survey shows that 17% of unemployed workers had a substance abuse disorder last year, whereas 9% of full-time workers did so. The numbers are self-reported, and therefore, could be even higher in reality. Substance dependence...

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Stocks: Drifting into holiday mode

Click chart for in-depth premarket data. NEW YORK (CNNMoney) U.S. stock futures were edging slightly higher Tuesday while most world markets were narrowly weaker. Markets are expected to see lower trading volumes this week as people get...

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Qualcomm faces antitrust probe in China

HONG KONG (CNNMoney) Beijing's National Development and Reform Commission has launched an antitrust investigation into Qualcomm, the company said in a brief statement. Qualcomm (QCOM, Fortune 500) said the Chinese government agency had not revealed...

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Gas prices may fall on Iran deal

Click here to see gas prices in your state. NEW YORK (CNNMoney) In fact, analysts expect gas prices to decline after the big Thanksgiving travel week regardless of the Iran deal. Iran entered into a preliminary agreement over the weekend...

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FDA orders genetic testing firm 23andMe to halt sales

The FDA says 23andMe "has failed to address the issues described during previous interactions with the Agency." NEW YORK (CNNMoney) 23andMe is led by Anne Wojicki, who co-founded the company in 2006 and recently separated from her husband, Google...

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Twitter needs an Asian strategy

Twitter must target Asia more aggressively if it hopes to have long-term financial success. NEW YORK (CNNMoney) All social media companies need to emphasize mobile. Fortunately for Twitter (TWTR), it is already off to a good start: 75% of its...

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Swiss voters reject proposal to cap executive pay

The campaign to cap executive pay at 12 times the lowest salary was led by young members of Switzerland's Social Democratic party. LONDON (CNNMoney) The "1:12 -- for fair wages" initiative, which proposed capping executive salaries at 12 times...

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Oil prices plunge after Iran nuclear deal

Iran has reached a deal over its nuclear program that could lead to more oil exports from the country. HONG KONG (CNNMoney) The preliminary accord, which was struck between Iran and six world powers, offers the Middle East nation $7 billion in...

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Stocks: Iran deal boosts investor enthusiasm

Click chart for in-depth premarket data. NEW YORK (CNNMoney) U.S. stock futures climbed 0.3%, tracking gains across world markets. Oil prices sank on the expectation of more oil exports from Iran following the nuclear deal. On Sunday, diplomats...

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Credit Suisse banker sentenced to 30 months in prison

NEW YORK (CNNMoney) Serageldin, who had been extradited from the UK in April, had pled guilty to the charges. At the time of his February 2012 indictment, authorities said he faced up to 45 years in prison if convicted. Preet Bharara, the U.S. Attorney...

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Investors thankful for stocks at records

Click the chart for more stock market data. NEW YORK (CNNMoney) Trading volume is typically quiet during the holiday-shortened week. The U.S. markets will be closed on Thursday for Thanksgiving and will shut down at 1 p.m. EST on Friday. ...

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Swiss voters reject proposal to cap executive pay

The campaign to cap executive pay at 12 times the lowest salary was led by young members of Switzerland's Social Democratic party. LONDON (CNNMoney) The "1:12 -- for fair wages" initiative, which proposed capping executive salaries at 12 times...

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