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Rupee

Why India Should Adopt Urgent FDI Reforms

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.
Madden NFL 2013

Video Game 'Madden NFL 13' Sells Record 900K Copies In One Day

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

Sears, Former American Icon, Will Be Kicked Off S&P 500

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.
Shopper

Back-To-School, Holiday Season Expected To Be Same Or Better

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.
Limbaugh

Limbaugh Boycott Draws Blood: Cumulus Media Cites ‘Drag’ in 2Q Revenue

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.
Google says the Google Wallet app is more secure than a credit card.

Hold Onto Your Digital Wallets! Google Mobile Payments Faces New Challenger

Wal-Mart Stores Inc [WMT], Target Corp. [TGT], 7-Eleven Inc., and Sunoco Inc. [SUN] are poised to announce their rival to the Google Wallet payment system, which launched on Android powered phones last year, the Wall Street Journal revealed. When it does launch, MCX will join the multi-billion dollar race to develop mobile phone payment systems, which propose to do away with cash and card transactions.
Customers shop at Macy's department store in New York

US Retailers Dig Their Own Grave

The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.
IBTimes Logo

Target Adds More Stores To Its Fresh-Foods List

Target Corporation (NYSE: TGT) announced Monday it was expanding its grocery store strategy to an additional 30 outlets, including ones in Nashville, Tenn., Cincinnati, Ohio, and Jacksonville, Fla.

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