December 19, 2018

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Martha McSally to fill McCain Senate seat after losing race

Martha McSally to fill McCain Senate seat after losing racePHOENIX (AP) — Arizona's governor on Tuesday appointed U.S. Rep. Martha McSally to replace Sen. Jon Kyl in the seat that belonged to the late John McCain, sending the GOP congresswoman back to Washington just a month after she lost a tight race for the state's other spot in the Senate.


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Sears to take $443 million in charges arising from store closures

Sears to take $443 million in charges arising from store closuresBankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday. Total costs related to closing 73 Sears stores and 28 Kmart stores in the third quarter ended Nov. 3 amounted to $229 million, the company said earlier this month. The charges entail markdowns, severance costs and lease termination costs arising from store closures, which the company announced in October, when it filed for Chapter 11 bankruptcy protection.


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Xi’s Defiant End to 2018 Signals More U.S.-China Tension Ahead

Xi’s Defiant End to 2018 Signals More U.S.-China Tension AheadXi told a Beijing crowd including some of China’s most influential political, military and business figures on Tuesday that the country’s growing wealth and power had validated the Communist Party’s -- and thus his own -- leadership. The event was intended to mark the 40th anniversary of Deng Xiaoping’s “Reform and Opening Up,” a campaign that unleashed an industrial boom that helped China outlast the Soviet Union and become the world’s second-largest economy. Over the past 12 months, Xi pushed through a repeal of Deng-era term limits -- the sole legal check on his tenure -- only to find himself locked in an unprecedented trade war with Trump.


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