Daily business briefing: Radio Shack to close 500 stores

February 5, 2014 

Radio Shack Corp. will close about 500 stores within the next few months as the retailer attempts to restructure and reverse a recent string of losses, according to the St. Louis Business Journal. Radio Shack has about 4,300 stores, including more than 40 in the greater St. Louis area. Read more at http://www.bizjournals.com/stlouis. ...

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The CVS Caremark chain will end sales of tobacco. The pharmacy retail chain has more than 7,600 drugstores nationwide. Find out more at http://www.bnd.com/business. ...

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The long and severely cold winter that has gripped most of the nation has forced communities to ration supplies of salt and other ice-melting substances. Some cities have already gone through most of their supply. Learn more at http://www.bnd.com/business. ...

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Time Warner's fourth-quarter net income dropped 12 percent. Revenue rose at the company's Warner Bros., Turner and HBO, but were flat at its Time Inc. publishing division. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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