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U.S. retail sales drop 0.3 percent in October

In this Oct. 28 photo, Jessie Rivera, 10, brings pink sandbags to the door of a shop in New York. Americans cut back sharply on spending at retail businesses in October, an indication that some may still be cautious about the economy. Superstorm Sandy may have slowed business at the end of the month. Photo by THE ASSOCIATED PRESS