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TheStreet Open House

Business Highlights

Robert Iger, president and CEO of The Walt Disney Co., was tapped as a director.

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Wal-Mart's 3Q results show US turnaround

NEW YORK (AP) â¿¿ Wal-Mart got an early Christmas gift: Its strategy of offering the lowest prices and shoppers' favorite goods is starting to bear fruit just in time for the holiday shopping season.

Wal-Mart Stores Inc. on Tuesday reported its first quarterly gain in revenue at stores open at least a year after nine consecutive quarters of declines at its branded U.S. business. It did this by hammering its message of low prices across the store and restocking the brands and products that people care most about.

That the world's largest retailer is turning a corner is a positive sign for the retail industry and the U.S. economy as a whole. Its core low-income shoppers have been particularly hard hit by joblessness and the other challenges of the nation's weak economy. The results indicate that those most hurt by the economic downturn are willing to spend if you offer them rock-bottom pricing.

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Occupy movement's future unclear after NYC sweep

NEW YORK (AP) â¿¿ Hundreds of police officers in riot gear raided the Occupy Wall Street encampment in New York City in the pre-dawn darkness Tuesday, evicted hundreds of protesters and then demolished the tent city, leaving the future of the demonstration in limbo.

Later in the day, a New York judge upheld the city's crackdown. Supreme Court Justice Michael Stallman said in his ruling that the protesters "have not demonstrated that they have a First Amendment right to remain in Zuccotti Park, along with their tents, structures, generators and other installations to the exclusion of the owner's reasonable rights ... or to the rights to public access of others who might wish to use the space safely."

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