Friday, November 27, 2015

Black Friday Crowds Thin After U.S. Stores Open On Thanksgiving

By Nathan Layne and Nandita Bose

PITTSBURGH/CHICAGO (Reuters) — Crowds were thin at U.S. stores and shopping malls in the early hours of Friday, initial spot checks showed, as shoppers responded to early Black Friday discounts with a mix of enthusiasm and caution.

Many shoppers headed out to stores on Thanksgiving evening, a month before Christmas, reflecting the new normal in U.S. holiday shopping, which was traditionally kicked off the next day, Black Friday.

In an effort to attract the most eager holiday shoppers and fend off competition from Inc (AMZN.O), U.S. retailers have increasingly extended their holiday deals by opening stores on the evening of Thanksgiving.…

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S&P 500 Scores Best Week In Almost A Year

By Noel Randewich

(Reuters) — Wall Street racked up a solid week on Friday, with healthcare, technology and consumer stock making gains and investors looking beyond a widely-expected December interest rate hike.

The S&P 500 ended its strongest week in almost a year, while the Dow Jones industrial average erased its year-to-date loss, led by a 5.46 percent jump in Nike (NKE.N), which announced a $12 billion share buyback and a 2-for-1 share split.

The sporting goods maker helped send the consumer discretionary sector up 1.23 percent, making it the top gainer among the 10 major S&P sectors.

Healthcare (.SPXHC) rose 0.74 percent, led by Allergan’s (AGN.N) 3.45 percent increase.…

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Debt-Free College: The New Democratic Mantra

By Katy Murphy, San Jose Mercury News (TNS)

SAN FRANCISCO — The aspiring app developers and entrepreneurs attending the new Make School in San Francisco don’t take out loans to cover tuition.

There is no tuition — at least up front.

Students pay 25 percent of their salaries back to the school in their first two years in the workforce, as well as internship earnings. If they don’t find a job in the tech field — or if their startup fizzles — the school gets nothing.

The two-year Make School, a highly selective startup preparing students to enter the lucrative tech sector, is hardly a typical American college.…

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