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By James Davey LONDON (Reuters) - A shift in strategy by Britain's major grocers, to focus on small local stores that offer higher returns than big supermarkets, is allowing them to cut capital expenditure plans - and dangle the prospect of tasty returns for shareholders. Recognising that small local convenience stores, along with the internet, will be the main driver of future sales growth, British market leader Tesco, J Sainsbury - battling with Wal-Mart Stores' Asda for second place - No. 4 player Wm Morrison and No. 6 Waitrose are all prioritising investment there. Both convenience and online business require relatively little capital compared to developing large supermarket spaces. But crucially, while the profitability of online grocery is not yet proven, the returns from convenience stores can be.
PYONGYANG, North Korea (AP) — North Korea said Friday that it executed Kim Jong Un's uncle as a traitor for trying to seize supreme power, a stunning end for the leader's former mentor, long considered the country's No. 2.
HONOLULU (AP) — When Coast Guard rescuers flew to waters near the Hawaiian island of Molokai to the scene of a small plane crash, they found smoking flares from the Navy, nine people floating in yellow life vests and debris scattered across a half-mile of ocean waters with choppy waves about six feet high. The only thing missing — the single-engine plane itself.