- Retailers Begin Unveiling Seasonal Hiring
September 18 2012 2:46 PM
It's that time of the year when retailers operating in the U.S. begin dribbling out statistics on holiday hires, a closely watched batch of communications considered an important economic indicator.
- India's 'Big Bang Friday' Reforms Might Just Stick
September 17 2012 1:35 AM
There were quiet celebrations in the offices of Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy.
- India Opens Gates To Foreign Retailers, Broadcasters, Airlines Amid Slowing Economy
September 14 2012 12:24 PM
The government of India, the world's 10th largest economy by gross domestic product, passed wide-ranging laws on Friday expanding foreign investment in the retail, broadcasting and airline sectors, opening its doors to companies like Wal-Mart Stores Inc. (NYSE: WMT) amid slowing growth.
- Facebook, Wal-Mart, Walt Disney Face Fresh Patent Suits From University Of California
September 13 2012 5:02 AM
Facebook Inc. (FB), Wal-Mart Stores Inc. (NYSE: WMT) and Walt Disney Co. (NYSE: DIS) face fresh patent suits from a University of California patent licensee, which sued some of the biggest U.S. companies previously, Reuters reported.
- Flat Burberry Sales Pull High-End Brands Down
September 11 2012 2:43 PM
After London-based Burberry Group PLC (LON: BRBY) reported flat comparable-store sales for its second quarter, market watchers are trying to digest cross signals in the luxury goods market.
- Cut Sports, Cut Quality Of Life
September 10 2012 3:59 PM
For all of us who grew up with ample access to sports and the arts, it's difficult to see how our school systems have evolved, practically eliminating the character-building program of sports participation.
- Toys 'R' Us Takes On Amazon With 'Tabeo' - Tablet For Kids
September 10 2012 11:00 AM
Toys ''R'' Us is introducing a tablet for children, and the new product will not be available online. The Tabeo, as the new tablet is called, can be pre-ordered over the Internet but it is only available in Toys "R" Us stores.
- Costco's Shares Touch Record High After Founder Lauds Obama
September 06 2012 3:40 PM
Costco Wholesale Corporation (NASDAQ: COST) stock price touched an all-time high on Thursday, a day after co-founder and former CEO James Sinegal addressed the Democratic National Convention.
- Why India Should Adopt Urgent FDI Reforms
September 03 2012 2:59 AM
With India's economic growth faltering as a result of weak governance, policy paralysis and opposition to reforms, investors feel the urgent need to push for plans to allow foreign direct investment in financial sector and multi-brand retail trade.
- Video Game 'Madden NFL 13' Sells Record 900K Copies In One Day
August 30 2012 2:06 PM
Electronic Arts Inc. said in a statement Thursday that "Madden NFL 13," the latest iteration of its iconic football video game franchise, sold about 900,000 in its first 24 hours on retail shelves. Citing "internal estimates," EA said the sale was a 7 percent increase from last year's launch, making it the highest-performing launch title for the franchise for the console generation.
- Sears, Former American Icon, Will Be Kicked Off S&P 500
August 30 2012 12:05 PM
Sears Holdings Corp. (Nasdaq: SHLD), which revolutionized retail in the 20th century with its mail order catalogs. will be removed from the S&P 500 Index at the end of Sept. 4, according to Standard & Poor's, after struggling to lure consumers amid the weak economy.
- Best Buy Private Equity Bid: Who Has The Bucks For A Big Deal?
August 30 2012 6:19 AM
Can Richard Schulze, the 71-year-old founding CEO of Best Buy Co. (NYSE: BBY) put his money where his mouth is? Can he fork up billions from private eqiuity behemoths like KKR (NYSE: KKR)?
- Diamonds; from Mining to Marketing
August 29 2012 4:50 AM
TIF, WMT, COST, TGT, JCP, M, ZLC. Compare the business Diamonds to the business of Gold, the Diamond industry is very small. The worldwide retail market for diamond jewelry was $60-B in Y 2010, and like the Gold business, the Diamond business involves several sectors: 1. Miners, producers and sellers of the rough goods.
- Money's Winners And Losers: NY Fed And AIG, Gawker Media, Eli Lilly, ZeekRewards, Best Buy, Fisker Automotive
August 24 2012 7:41 PM
Each week, we pick the biggest, most dramatic, or most interesting winners and losers in money and business. Our picks for Aug. 19-24 include the Federal Reserve Bank of New York and Eli Lilly & Co. on one side, and ZeekRewards and Best Buy Co. Inc. on the other side.
- Wal-Mart Pursuing Higher Sales By Expanding Health Care Offerings
August 23 2012 2:38 PM
Wal-Mart, the world's largest retailer, is expanding its immunization offerings in the U.S. to help lift domestic revenue to levels it is achieving outside the U.S.
- Target Vs. Wal-Mart: Target Wins on Pricing, Barely, And Probably Not For Long
August 23 2012 12:20 PM
After beating market expectations earlier this month with its second-quarter earnings, Target Corporation (NYSE: TGT) has managed to remain competitive against the king of low prices: Wal-Mart Stores Inc. (NYSE: WMT).
- Back-To-School, Holiday Season Expected To Be Same Or Better
August 20 2012 1:30 PM
Unemployment is still well above 8 percent, the cost at the pump is rising and consumers are still wary and cost-conscious, but recent surveys indicate back-to-school buys and the upcoming holiday shopping season will be as good as or better than last year. Still, the theme of the season is cautious optimism.
- Kids Vitamins: Get Your Refund Here After $2.1 Million Settlement For False Eye, Brain Health Claims
August 16 2012 3:14 PM
If you bought kids vitamins featuring Disney and Marvel characters, you're entitled to a refund after the companies peddling the products entered a $2.1 million settlement with the government for making false and unsubstantiated claims.
- Wal-Mart Hikes Full-Year Profit Outlook After Strong Fiscal 3Q
August 16 2012 8:32 AM
Wal-Mart Stores Inc. (NYSE: WMT), the world's largest retailer, said Thursday increased sales from U.S. stores that have been open at least one year plus strong international sales lifted its fiscal third-quarter profit 5.7 percent.
- Limbaugh Boycott Draws Blood: Cumulus Media Cites ‘Drag’ in 2Q Revenue
August 15 2012 1:29 PM
Liberal groups that have been boycotting radio broadcaster Rush Limbaugh for months have apparently drawn blood: aside from winning withdrawals of more than 100 advertisers, second-quarter revenue from 10 stations owned by Cumulus Media (Nasdaq: CMLS) declined due to the boycott, CEO Jim Dickey said.