Wal-Mart Stores, the largest US retailer, is giving pink slips to 11,200 employees at its Sam’s Club warehouses, the company told its employees in a memo on Sunday.

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Iron ore is one of the major reasons behind China’s economic strength. If China can't continue to build, its economy will grind to a halt—and bring a multitude of problems to the country.

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China has ruled out any involvement in Internet attacks on the search engine giant and defended its online restrictions as lawful, even as the United States urged Beijing to investigate a computer attack against Google.

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