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Citigroup Buying Sears Credit Cards
Updated from 5:06 p.m. EDT
Citigroup (C Quote) lifted a major weight from Sears' (S Quote) sagging shoulders Tuesday, agreeing to pay about $3 billion to acquire the company's struggling credit-card business.
Citigroup will acquire both the company's MasterCard-issuing business and its store-label accounts, making it the nation's largest private label card issuer. ...
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