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Asos shares crash 40% as European retail chill hits expenses online

Shares in the UK online retailer doubled 40% on Monday after it announced that weak sales in the crucial November would hurt their annual profits in 2018. "The current background for economic uncertainty over many of our major markets together with a weakening in consumer confidence has led to the weakest growth in online stores in recent years, it says …

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Michigan business owner gives $ 4M in Christmas bonuses

LUDINGTON, MI – About 200 employees of a northern Michigan manufacturer received an average $ 20,000 Christmas bonus. Ludington-based FloraCraft surprised its employees during a holiday lunch on Friday, Dec. 14, when owner and chairman Lee Schoenherr announced plans to give nearly $ 4 million in bonuses. Top gifts to employees with more than 40 years of tenure will exceed …

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The last key death crossing is ready to swallow the stock market

An obnoxious death cross has emerged in the stock market as weed, with the last and without doubt the last important, so cross-cutting to grab Dow. Dow Jones Industrial Average DJIA, -1.58% is on the brink of joining other major equity indices in a so-called death cross where 50-day short-term trend traces cross over 200 days are used to determine …

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YouTube removes 58 million videos for content violations

YouTube deleted over 58 million videos and 224 million comments from the platform in the third quarter of 2018 (between July and September), according to a post on its official blog. The videos and comments were removed for violations of YouTube Community Guidelines. YouTube says it's serious about accurately detecting and removing content that violates community policies so much that …

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