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  • Starbucks(NEW YORK) -- For a limited time, Starbucks is offering a holiday-themed Christmas Tree Frappuccino.The coffee chain describes the drink as being "mocha and peppermint...blended with milk and ice, topped with a festive tree made of matcha infused whipped cream, a caramel drizzle an candied cranberries finished off with a strawberry tree 'topper.'"According to Starbucks' Twitter account, the novelty drink will be available in the United States and Canada through December 11.Copyright © 2017, ABC Radio. All rights reserved.
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  • JaysonPhotography/iStock/Thinkstock(NEW YORK) -- After a few days of losses, Wall Street bounced back on Thursday as all three major indices finished in positive territory.The Dow Jones Industrial Average gained 70.57, closing at 23,211.48.The Nasdaq climbed half a percent, ending the session at 6,812.84, while the S&P 500 climbed to 2,636.98, a gain of 7.71 from its open. The price of crude oil climbed again on Thursday. A barrel selling for $56.62 at the close, about 1.2 percent higher than when the market opened.The Federal Reserve said Thursday that U.S. net worth climbed $1.7 trillion from July to September. The value of stock portfolios rose by $1.1 trillion in that time, while real estate values jumped $400 billion.Freddie Mac says mortgage rates rose this week, another sign that the Federal Reserve could opt to raise interest rates next week.And credit card use was a major reason for more consumer borrowing in October. That figure rose by $20.5 billion in October, the largest increase in nearly  a year. Copyright © 2017, ABC Radio. All rights reserved.
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  • Photo by Michele Tantussi/Getty Images(BOSTON) -- General Electric Power announced plans to cut approximately 12,000 jobs on Thursday, citing lower demands for coal and fossil fuel.In a press release, GE said the layoffs would affect both professional and production employees. The move is part of an effort to "reach its announced target of $1 billion in structural cost reductions in 2018.""Traditional power markets including gas and coal have softened," the company said. "Volumes are down in products and services driven by overcapacity, lower utilization, fewer outages, an increase in steam plant retirements and overall growth in renewables."GE Power CEO and President Russell Stokes called the decision "painful but necessary.""Power will remain a work in progress in 2018," Stokes added. "We expect market challenges to continue, but this plan will position us for 2019 and beyond."Copyright © 2017, ABC Radio. All rights reserved.
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  • ABC News(LEAVENWORTH, Kansas) -- Christmas is just a few weeks away, but for two tiny towns in Kansas, workers have been preparing for the holiday like busy Santa elves all year. At the two Hallmark plants in Leavenworth and Lawrence, 1,100 workers are responsible for dreaming up -- and then packing up -- millions of Christmas cards that get signed, sealed and delivered across the world."As a Hallmark writer, you kinda get into the spirit a lot earlier than most people do," said Andrew Blackburn, who has worked at the company for eight years. Blackburn said his parents, Tim and Brenda Blackburn, had inspired him.The Hallmark company has been celebrating the holiday since 1910. That year, co-founder JC Hall, then 18, traveled from Nebraska to Kansas City, Missouri, and stepped off the train with shoeboxes of postcards.With help from his brother Rollie Hall, around 1915, JC Hall began making and selling a new kind of card -- a greeting card -- and sending them inside envelopes."That was the start," said Lisamarie Soper, Hallmark Gold Crown's district manager.Hallmark was born. "From the writing I do to the lettering, the illustration, the design. It all happens right here," said Amy Trowbridge Yates, who's been at the company for more than 12 years.Kiely Chase, a Hallmark writer for 17 years, drew from her memories with her brothers to help write some cards. She also shared her recipe for writing holiday cards early in the year."I'm watching movies, you know, that everybody loves to watch at Christmas time," she said. "I'm listening to favorite Christmas songs, you know, that we all love."And, with those cards, Hallmark also offers gift-wrapping paper. Every year, 700 million feet are printed and it's all made in America.Copyright © 2017, ABC Radio. All rights reserved.
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  • JaysonPhotography/iStock/Thinkstock(NEW YORK) -- Stocks lost steam following a mid-session rally as Wall Street got encouraging news ahead of the government jobs report this Friday.The Dow Jones Industrial Average fell again, dropping 39.73 to a close of 23,140.91.The Nasdaq climbed 14.17, finishing the day at 6,776.38, while the S&P 500 dipped to 2,629.27 at the close.Payroll company ADP released its latest hiring survey Wednesday, finding that many people seeking jobs are getting them. Private employers, the survey says, created 190,000 jobs in November. The government's figures are due out on Friday.The trade group Airlines for America says 41 million people will travel by plane for the holidays. That figure would be more than three percent higher than last year.And oil fell more than four percent Wednesday, a barrel selling for $55.95. Copyright © 2017, ABC Radio. All rights reserved.
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  • Walmart(BENTONVILLE, Ark.) -- As part of a change designed to reflect its growing status as an multi-channel retailer, Walmart announced plans to change the company's legal name from Wal-Mart Stores, Inc. to Walmart Inc. as of February 2018."Our customers know us as Walmart and today they shop with us not only in our stores, but online and with our app as well," Walmart President and CEO Doug McMillon said in a statement. "While our legal name is used in a limited number of places, we felt it was best to have a name that was consistent with the idea that you can shop us however you like as a customer."Walmart has more than 11,000 stores and clubs in 28 countries and launched its online shop in 2000. The company will continue to trade on the New York Stock Exchange as WMT.Copyright © 2017, ABC Radio. All rights reserved.
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