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Articles written by Michelle Chapman

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Coinbase soars in market debut, valued near $86 billion

Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion. Coinbase Global Inc.'s initial public offering happened with...

 

GameStop finally announces a share sale

Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated. The company said the shares will be sold through an...

 

Home Depot reunites with HD Supply in deal valued at $8B

Home Depot is reuniting with former subsidiary HD Supply, buying the company in a deal valued at about $8 billion. The acquisition will give Home Depot a stronger hand in the contractor and professional side of its business, which is booming during...

 

A diminished Victoria's Secret is sold

NEW YORK (AP) — Victoria's Secret, which once defined sexy with its leggy supermodels prancing around in their bras and oversized angel wings, is being sold as women increasingly look for styles that more realistically fit their body type. The comp...

 

McClatchy files for bankruptcy protection

The publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country has filed for bankruptcy protection. The newspaper industry has been devastated by changing technology that has sent the vast majority of...

 

Walmart pulls violent game displays but will still sell guns

NEW YORK (AP) — Walmart has ordered workers to remove video game signs and displays that depict violence from stores nationwide after 22 people died in a shooting at one of its Texas stores, but the big box retailer will continue to sell guns. In...

 

Threat of Mexican tariffs, US companies in the crossfire

The surprise announcement by President Donald Trump of an escalating tariff regime against Mexico is sending ripples through almost every economic sector in the U.S., hammering American companies that sell automobiles or run railroads, grow...

 

Mounting tensions with Iran, China leave oil prices in flux

NEW YORK (AP) — A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China, the...

 

Chevron vaults into new league on $33B Anadarko acquisition

Chevron is buying Anadarko Petroleum for $33 billion, energizing its oil and gas drilling capabilities in Texas and the Gulf of Mexico while vaulting itself into a new league. The combined company will remain far behind Exxon Mobil Corp. and Royal...

 

Marriott security breach exposed data of up to 500M guests

NEW YORK (AP) — Hackers stole information on as many as 500 million guests of the Marriott hotel empire over four years, obtaining credit card and passport numbers and other personal data, the company said Friday as it acknowledged one of the...

 

Frontier gun maker Remington seeks bankruptcy protection

Remington, the storied gun maker that began turning out flintlock rifles when there were only 19 states in the Union, has filed for bankruptcy reorganization amid years of slumping sales and legal and financial pressure over the Sandy Hook school...

 

Business leaders quit Trump panel; he hits back hard

WASHINGTON (AP) — President Donald Trump on Tuesday ripped into business leaders who resigned from his White House jobs panel — the latest sign that corporate America's romance with Trump is faltering — after his equivocal response to violence...

 

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