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GRE Business Report: January 27th

A look at the top business headlines.
Buying stamps will now cost you a little more. Prices rose to 49 cents Sunday and stamps for first class mails are now 46 cents each. The three-cent hike is the largest increase in prices in more than a decade. If you want to avoid paying more for your stamps in the future, you could start buying forever stamps. They are always valid, no matter what you paid for them, even if prices go up later. 

Arts and crafts retailer Michael's has some bad news for customers. The company announced it may have been hit by a security breach. It recently learned of "possible fraudulent activity" on some of its customers' payment cards. CEO Chuck Rubin said the company has not confirmed a breach, but wanted to alert customers. Michael's is advising customers to check financial statements for fraudulent activity. 

The Federal Aviation Administration is getting ready to order more safety check on hundreds of planes. The directive will affect more than 400 Boeing 767 jets. The problem is a potential danger in the movable tail sections of the planes. The tails sections can jam and potentially cause pilots to lose control of the aircraft. It is unlikely any airlines will cancel flights over the directive. 
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