International Business News - CC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif An analyst on Friday said the limited availability of Apple's popular iPhone could hurt consumer electronics retailers and even traditional book retailers. http://www.ibtimes.com/articles/20080711/analyst-iphone-could-hurt-some-retailers.htm Fri, 11 Jul 2008 12:28:39 EDT Stocks drop after new record for oil prices NEW YORK (AP)--Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash. http://www.ibtimes.com/articles/20080702/business-highlights.htm Wed, 02 Jul 2008 18:44:20 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080702/unitedhealth-starbucks-apollo-among-big-movers.htm Wed, 02 Jul 2008 17:04:21 EDT Circuit City Stores Inc. plummeted to historic lows in trading Wednesday after Blockbuster Inc. withdrew its takeover bid, causing investors to question the consumer electronics retailer's future. http://www.ibtimes.com/articles/20080702/circuit-city-shares-fall-as-blockbuster-yanks-bid.htm Wed, 02 Jul 2008 18:55:27 EDT Shares of Blockbuster Inc. and Circuit City Stores Inc. headed in opposite directions at market open Wednesday after the movie rental chain ended its bid to buy the big-box electronics retailer. http://www.ibtimes.com/articles/20080702/out-of-the-gate-blockbuster-jumps-on-buyouts-end.htm Wed, 02 Jul 2008 10:00:56 EDT Investors responded positively to a report that Microsoft Corp. has not yet given up its bid to buy Yahoo Inc.'s search engine business, sending shares of the Internet pioneer higher in premarket trading Wednesday. http://www.ibtimes.com/articles/20080702/premarket-movers-yahoo-apollo-rise-gm-falls.htm Wed, 02 Jul 2008 09:15:23 EDT Microsoft Corp. will begin selling its Office programs to consumers on a subscription basis starting mid-July, in a bid to reach thrifty PC buyers who would otherwise pass on productivity software. http://www.ibtimes.com/articles/20080702/microsoft-to-sell-office-onecare-for-70-a-year.htm Wed, 02 Jul 2008 16:26:01 EDT Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash. http://www.ibtimes.com/articles/20080702/wall-street-heads-to-higher-open.htm Wed, 02 Jul 2008 18:25:00 EDT Blockbuster Inc. said Tuesday it is withdrawing its proposal to buy Circuit City Stores Inc., the big-box electronics retailer whose sales have tumbled this year. http://www.ibtimes.com/articles/20080701/blockbuster-withdraws-plan-to-acquire-circuit-city.htm Tue, 01 Jul 2008 21:34:12 EDT Filling the gas tank is a higher priority than buying a flat-panel television, which is bad news for electronics retailers. Slowing demand and overproduction could result in lower prices in time for the crucial winter holiday shopping season, says Deutsche Bank Securities analyst Mike Baker. Flat panel TVs represent about 15 percent of Best Buy's sales. Average prices are expected to dip to $950 in the fourth quarter from $1,091 the year earlier, says Riddhi Patel, analyst with market research group iSuppli. http://www.ibtimes.com/articles/20080627/spotlight-television-prices.htm Fri, 27 Jun 2008 07:03:35 EDT Standard & Poor's CapitalIQ tracks deal spreads, or the difference between the offer price and the deal's current value. CapitalIQ reports that in June the following five buyouts had the highest spreads, as of June 4. http://www.ibtimes.com/articles/20080626/deltas-northwest-buyout-leads-deal-spreads-list.htm Thu, 26 Jun 2008 14:31:21 EDT Circuit City Stores Inc. stayed mum on Tuesday about whether a buyout is in the future for the consumer electronics retailer, but an activist investor expects an announcement of a possible sale within the next month. http://www.ibtimes.com/articles/20080624/circuit-city-defends-turnaround-efforts.htm Tue, 24 Jun 2008 16:25:19 EDT Circuit City Stores Inc. holds its annual meeting for shareholders on Tuesday, where possible takeover talk of the consumer electronics retailer is likely on the agenda. http://www.ibtimes.com/articles/20080624/ahead-of-the-bell-circuit-city-meeting.htm Tue, 24 Jun 2008 06:17:19 EDT Wall Street expects data due out Tuesday to show that consumer confidence in June continued to erode amid rising inflation, tight credit and falling home prices. http://www.ibtimes.com/articles/20080624/ahead-of-the-bell-consumer-confidence.htm Tue, 24 Jun 2008 06:10:57 EDT Wall Street on Tuesday will find out if spending by U.S. shoppers continued to rise as more consumers received their federal tax rebate checks. The International Council of Shopping Centers-UBS Index and the Johnson Redbook Retail Sales Index release retail data for the third week of June at 7:45 a.m. and 8:55 a.m. EDT, respectively. There are no consensus estimates available. http://www.ibtimes.com/articles/20080624/ahead-of-the-bell-retail-sales.htm Tue, 24 Jun 2008 06:10:45 EDT Shares of Circuit City Stores Inc. tumbled more than 21 percent Monday to a 52-week low a day ahead of the consumer electronics retailer's annual shareholders meeting. http://www.ibtimes.com/articles/20080623/circuit-city-shares-off-before-shareholder-meeting.htm Mon, 23 Jun 2008 17:20:18 EDT Shares of Circuit City Stores Inc. dropped nearly 17 percent on Monday, a day before the consumer electronics retailer's annual shareholder meeting. Shares fell 69 cents, or 16.1 percent, to $3.60 in midday trading, after earlier changing hands as low as $3.46. The stock has traded between $3.44 and $16.15 during the past 52 weeks. http://www.ibtimes.com/articles/20080623/circuit-city-falls-ahead-of-shareholder-meeting.htm Mon, 23 Jun 2008 11:53:09 EDT Investors hope to gain some clarity on the future of consumer electronics retailer Circuit City Stores Inc. at its annual shareholder meeting Tuesday. http://www.ibtimes.com/data/articleimgs/77186-earns-circuit-city.jpg http://www.ibtimes.com/articles/20080622/circuit-city-annual-meeting-comes-amid-buyout-talk.htm http://www.ibtimes.com/articles/20080622/circuit-city-annual-meeting-comes-amid-buyout-talk.htm Sun, 22 Jun 2008 17:23:44 EDT Shares of Circuit City Stores Inc. sank on Friday, a day after the company reported a deeper loss in the first quarter and forecast weaker-than-expected results in the second quarter. http://www.ibtimes.com/articles/20080620/circuit-city-shares-fall-after-1q-loss-widens.htm Fri, 20 Jun 2008 12:25:18 EDT 2 charged on Wall Street in mortgage meltdown NEW YORK (AP)--Two former Bear Stearns hedge fund managers were hauled into jail Thursday and charged with lying to investors about the collapse of the subprime mortgage market, perhaps signaling the start of a wave of prosecutions arising from the housing meltdown. http://www.ibtimes.com/articles/20080619/business-highlights.htm Thu, 19 Jun 2008 18:22:57 EDT