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September 21, 2017

WASHINGTON — The Federal Reserve will begin shrinking the enormous portfolio of bonds that it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and other loans over time.

The Fed…


Toys R Us joins bankruptcy list as Amazon exerts influence

September 20, 2017

NEW YORK — In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as online leader Amazon increasingly exerts its influence over a huge part of the retailing world.

The toy chain, hobbled by $5 billion in debt and more intense…


Nashville grocery store to close

September 20, 2017

NASHVILLE — A longtime local grocery store will shut down at the end of the month.

JustSave Foods at 731 E. Washington St. in Nashville is scheduled to close by Sept. 30. Kimberly George, vice president of communication and corporate citizenship of Alex Lee Inc., JustSave’s parent…


National retailers eye Rocky Mount market

September 19, 2017

Several national retailers are looking to come to Rocky Mount within the next few years.

Alan Matthews, director of economic development for the Rocky Mount Area Chamber of Commerce in partnership with the city of Rocky Mount, said Jimmy John’s, Panera Bread, Starbucks, DQ Grill and Chill,…