CVS to Stop Selling Tobacco, British Retailers Demand Rebates from Suppliers, 2013 in Car Recalls

CVS announced that it will stop selling tobacco products by October, a decision that could mean forgoing about $2 billion in annual revenue.

Argos and Homebase, both owned by Home Retail Group, are the latest British retailers to demand rebates from suppliers.

Automakers recalled nearly 22 million cars in 2013, the highest number since 2004 and 34% higher than 2012.

Radio Shack plans to close around 500 of its 4,300 stores as part of a restructuring effort.

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