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NEW YORK â¿¿ There won't be an easy fix for J.C. Penney. Less than two years after turning the reins over to Ron Johnson, Mike Ullman is back to try to undo the damage of a disastrous overhaul that has driven away shoppers. The 66-year-old Ullman has to quickly figure out what parts of Johnson's legacy to keep and what to trash. The overarching question is whether the century-old retailer can be saved at all. By Retail Writer Anne D'Innocenzio.

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â¿¿ CEO FLAMEOUTS â¿¿ Ron Johnson's 17-month tenure as J.C. Penney's CEO will go down as one of the biggest flameouts in corporate America. But Johnson isn't the only executive to be pushed out after failing to live up to big expectations. A look at some major ousters in recent times. AP photos.


LOS ANGELES â¿¿A growing number of people have had it with TV. They've had enough of the 100-plus channel universe. They don't like timing their lives around network show schedules. They're tired of paying $100 or more a month. Many of them have stopped paying for cable and satellite TV. These "cord-cutters" are watching shows and movies on the Internet. Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from 2 million in 2007. Winning back the Zero TV crowd will be one of the many issues broadcasters discuss at their national meeting, taking place this week in Las Vegas. By Ryan Nakashima.

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Every president since Richard Nixon has pushed to cut U.S. dependence on imported oil, and President Barack Obama is no exception. Now, though, for the first time in 30 years, oil imports are falling in a significant way. By Energy Writer Jonathan Fahey. Eds: Part of a series examining Obama's campaign promises.

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NEW YORK â¿¿ One art piece consists of photos taken from people's computers without their knowledge. Another involves sifting through Facebook photos from unwitting users, with tags such as "sly" or "smug" added. Another shows recordings made by a camera surgically implanted in an artist's head. The works are part of "The Public Private," an art exhibit that pushes the boundaries of online privacy. It runs until April 17. By Technology Writer Barbara Ortutay.

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NICOSIA, Cyprus â¿¿ When Costas Kalapodas was diagnosed with brain cancer two years ago and given months to live, he saw one sure place to put his money: Cyprus' biggest bank. The 43-year-old threw his entire savings into Bank of Cyprus stock, and even took out a big loan to pad his holdings. Today, a multi-billion bailout has rendered Bank of Cyprus shares effectively worthless, their value wiped out under the terms of a complicated recapitalization scheme. Like many ordinary Cypriots, Kalapodas' 35-year-old widow is wondering how she and her family will survive in the years to come. By Menelaos Hadjicostis.

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BOAO, China â¿¿ Major multinational companies appeal gingerly to Chinese President Xi Jinping to reduce barriers to doing business in China's heavily government-directed economy, drawing a commitment to create a more level playing field. In a rare audience with the head of the Communist Party, executives from Pepsico, Samsung Group, Volvo Group and more than a dozen other companies â¿¿ from agri-businesses to finance â¿¿ trade handshakes with Xi while carefully broaching the problems that have bedeviled business success in the world's second-largest economy. By Charles Hutzler.

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NEW YORK â¿¿ When a witness at a Senate hearing on small business accused state and local governments of not doing enough to prepare for disasters, he got a sharp retort from the committee chair. Mary Landieu (D.-La.) has watched as businesses in her state were devastated by Hurricanes Katrina and Rita. The state was hit again in 2010 by the Gulf oil spill, and last year, by Hurricane Isaac. She brings that perspective to her job, but she's also concerned about the broad spectrum of issues that small companies contend with. Her agenda includes helping companies continue their recovery from the recession, find skilled workers and have a voice in the debate in Congress over taxes. And she wants to make federal agencies reach the government's goal for giving contracts to small business. By Joyce M. Rosenberg.

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The Internet is enticing a rapidly growing number of shoppers to make a very personal purchase â¿¿ prescription eyeglasses â¿¿ online. Technology, however, hasn't erased all the advantages of buying glasses in a store. Here are some factors to consider before clicking on a pair glasses and adding them to your virtual shopping cart.

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NEW YORK â¿¿ The HTC One is this year's first top-notch super phone, and it's the first iPhone challenger that can measure up to Apple's standards of feel and finish. It marries a stupendous screen to true stereo speakers, making for a superb entertainment device. Unfortunately, the manufacturer keeps meddling with Google's Android software, making the phone unnecessarily confusing to use. By Technology Writer Peter Svensson.

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