IBT Staff Reporter

50701-50730 (out of 154955)

Best Buy bags U.S. mobile venture, axes UK chain

The moves are the latest sign Best Buy is scaling back its overseas ambitions to focus on its main U.S. business, which faces stiff competition from discounters and online retailers. Earlier this year, the U.S. group dropped plans for Best Buy-branded stores in China and Turkey.

HTC to push into emerging markets, eyes new tablet

HTC Corp said on Monday it will put equal investment weight on emerging markets next year as it does in developed ones like the U.S. and Europe, and will dip its toes back into the tablet market with a new model next year.

Inflation, debt crisis hurt euro zone retail sales

Retail sales in the 17 countries sharing the euro fell more than expected in September despite some resilience in powerhouse Germany, the EU's statistics office said on Monday, reinforcing concern that the bloc's economy may be heading for a recession.

Euro zone Sept retail sales fall more than forecast

Retail sales in the 17 countries sharing the euro fell more than expected in September from August despite some resilience in powerhouse Germany, the EU's statistics office said on Monday, reinforcing concern that the bloc's economy may be heading for a recession.

Futures Drop on Italy, Eurozone Worry

Stock index futures fell on Monday as political turmoil in Italy sparked worry the Eurozone debt crisis could consume the region's third largest economy.

French PM Announces New Budget Cuts

French Prime Minister Francois Fillon on Monday announced plans for further budget savings of 7 billion euros in 2012 and 11.6 billion euros in 2013 as the euro zone's second-biggest economy seeks to protect its top-notch credit rating and avoid the financial market pressure now engulfing Italy.

BP's failed Argentina deal renews investor fears

The collapse of BP's planned sale of a $7 billion stake in an Argentinean unit has renewed investor concerns about its strategy, a fortnight after Chief Executive Bob Dudley said the group had reached a turning point after its Gulf of Mexico oil spill.

Groupon's China JV says sold fake Tissot watches

Groupon's Chinese daily deals business Gaopeng said on Monday it had sold counterfeit luxury watches by accident and will compensate its irate buyers in its latest struggle in expanding in the potentially lucrative market.

Futures signal weaker start for equities

Stock index futures pointed to a sharply lower open for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 1.2 to 1.3 percent.

Reliance's Hollywood gamble has yet to pay off

Since Reliance Entertainment stormed Hollywood with hundreds of millions of dollars in cash three years ago, the Indian media conglomerate has seen precious little for its investments, with no movies released as a result of development deals and DreamWorks thus far struggling at the box office.

LA Galaxy to meet Houston Dynamo in MLS Cup

David Beckham and Robbie Keane helped LA Galaxy beat Real Salt Lake 3-1 in the Western Conference championship game on Sunday, setting up a league-deciding MLS Cup clash against Houston Dynamo.

China FX rate within reasonable level: Minister

China's yuan exchange rate is within a basically reasonable level, and it is not the root cause of the China-U.S. trade imbalance, Commerce Minister Chen Deming said in remarks published on Monday.

Australia's Orica upbeat on 2012 outlook

Australian explosives maker Orica Ltd is optimistic that 2012 will be less challenging than the year just-ended, with strong explosives demand from miners, a milder headwind from currency moves and fewer one-off problems.

CME cuts margin levels for MF Global clients

CME Group said it was changing its margin requirements for customers of collapsed brokerage MF Global Holdings Ltd , cutting the size of any margin calls when positions are transferred to another brokerage.

Fast Retailing eyes U.S., European deal: report

Fast Retailing Co <9983.T>, Asia's largest clothing chain, is interested in buying a larger rival in the United States or Europe, as a stronger yen has boosted the Japanese company's purchasing power, Bloomberg said on Sunday.

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