The question was changed to ask something completely different after this answer was posted.
See @T.J.'s answer for a solution to the new question.
Do it with — gasp, shock horror — vanilla JavaScript!
var $headlines = $('.headlines'),
headlineText = $headlines.text(),
replaceText = headlineText.replace(/•/g, '');
$headlines.text(replaceText);
or, slightly sexier syntax:
$('.headlines').text(function (index, text)
{
return text.replace(/•/g, '');
});