FedEx Gears Up for Busiest Day of 2010

FedEx (FDX) is gearing up its busiest day of the year, confident that holiday shopping will help push traffic above its 2009 peak.

The Memphis, Tenn.- based shipping giant, expects to handle about 16 million packages worldwide today, according to The…

A&P Files for Chapter 11 Bankruptcy Protection

The Great Atlantic & Pacific Tea Co. (GAP), once the largest grocer in the United States, filed for Chapter 11 bankruptcy protection.

The company filed for protection in White Plains, N.Y., listing total debts of more than $3.2 billion and assets…

Walmart Makes Another Push Into New York City

Walmart steps up efforts to penetrate the New York City market, hiring Mayor Bloomberg’s former campaign manager to help coordinate the campaign.
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TJX to Cut 4,400 Jobs, Eliminate A.J. Wright Brand

The TJX Companies announced Friday that it was shutting down its A.J. Wright brand, converting 91 of its 162 stores to those of its other brands — T.J. Maxx, Marshalls or HomeGoods — and closing the rest. The move will elimin…