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GRE Business Report: February 3rd

A look at the top business headlines.
United Airlines will soon say goodbye to Cleveland Hopkins International Airport as its hub. The airline will be making major cutback starting in April. That means a majority of the United flights coming through Hopkins will be eliminated, as well as many local layoffs. Scheduled reductions will be fully implemented in June. 

A company that maintains franchises for four major hotel chains may have had customers' payment data stolen by hackers. A security researchers says White Lodging fell victims to a major cyber-attack. Banking industry sources noticed fraud among hundreds of cards used at Marriott hotels last year. 

Retail giant Walmart says it expects its fourth quarter earnings to be lower than previously expected. It says recent cuts to the nation's food stamps program are partially to blame. The cuts went into effect November 1st and come after years of expansion during the height of the recession. Walmart says bad weather is also affecting its financial performance. The retailer is expected to release its fourth quarter and full fiscal year earnings reports on February 20th. 


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