J.C. Penney’s Shoplifting Problem, October Consumer Spending Rose, Pay Tuition with Bitcoin

J.C. Penney’s removal of sensor security tags from its merchandise has been a boon for shoplifters, who took a full percentage point off the company’s profit margins during the quarter ended Nov. 2.

Consumer spending rose more than expected in October, a sign that the government shutdown had a limited impact on the economy.

The University of Nicosia, the largest university in Cyprus, is now the first accredited university in the world to accept Bitcoin for tuition payments.

Automaker Tesla aims to sell vehicles directly to the public from a store or over the Internet, instead of through a car dealership.

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