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February 21, 2018

First Line News Articles for Wednesday, February 21 2018

Business

Applebee’s Is Closing Up To Another 80 Restaurants

Applebee’s isn’t quite done closing restaurants on its way to becoming what it hopes will be a better performing company.

Albertsons to buy Rite Aid as Amazon threat looms

U.S. grocer Albertsons Cos Inc said it would buy drug store chain Rite Aid Corp (RAD.N) to create a company with $83 billion in annual revenue, giving it more clout to compete with bigger chains in an industry fearing the entry of Amazon.Com (AMZN.O).

Walmart’s online sales growth slips, rattling investors

Despite pressure to make inroads against Amazon, Walmart released figures Tuesday that show its online sales gains are slipping – and investors punished the chain as a result.

AT&T Loses Bid to Obtain White House Call Logs

A federal judge blocked AT&T’s ability to obtain communication logs between the Justice Department and the White House on Tuesday, hampering the phone giant’s argument that politics played a role in the government’s decision to halt a merger with Time Warner.