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.
Slumping Blues fire coach Payne, Hitchcock takes over
The St. Louis Blues fired head coach Davis Payne after a slow start to the National Hockey League (NHL) season and replaced him with Ken Hitchcock, the team said on Sunday.
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.
Futures drop on Italy, euro zone worry
Stock index futures fell on Monday as political turmoil in Italy sparked worry the euro zone 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.
Personal finance gets engaging with new iPad app
Tired of overspending? Confused about where all the money is going? A new iPad app aims to help users manage their finances.
U.S. Stock Futures Signal Downturn 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.
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.
CME, ICE cut margin needs to limit MF Global fallout
CME Group and IntercontinentalExchange Inc moved over the weekend to limit the fallout from the MF Global Holdings Ltd bankruptcy on futures markets by lowering margin requirements on some accounts.
Olympus ex-CEO to meet panel member next week
Olympus Corp's ousted CEO Michael Woodford said he will meet in London next week with a member of the third-party panel probing past M&A deals at the endoscope maker.
Athletic Bilbao 2-2 Barcelona: Match Highlights [VIDEO]
Lionel Messi was Barcelona's savior as he scored in injury time to salvage a draw at Athletic Bilbao in the Spanish Primera Division on Sunday.
Asia shares fall after Greece coalition deal, Italy eyed
Asian shares struggled and credit markets weakened on Monday, with investors still nervous despite the agreement on formation of a new Greek unity government intent on avoiding imminent debt default.
Real Madrid 7-1 Osasuna: Match Highligths [VIDEO]
Real Madrid went three points clear at the top of the La Liga table with a 7-1 thrashing at home over Osasuna before Barcelona were held at Athletic Bilbao 2-2.
Brett Ratner, Eddie Murphy eye next collaboration
Tower Heist director Brett Ratner told TheWrap on Sunday that he's in talks with comedian Eddie Murphy for yet another new project.
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.
'Hell on Wheels' moves slowly, delivers strong drama
The natural inclination is to compare AMC's new Western, Hell on Wheels, to Deadwood, so let's address that up front: Hell on Wheels is no Deadwood.
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.
Scorsese embraces early cinema and 3D tech in 'Hugo'
This was supposed to be a weekend when ground zero for Southern California movie lovers was Hollywood, site of the AFI Fest.
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.
BofA considering further stake sale in CCB: report
Bank of America Corp is considering further reducing its stake in China Construction Bank Corp, a newspaper reported said on Monday, after the bank cut its holding by half in August.
Lady Gaga steals show at MTV Europe Awards...again
Lady Gaga stole the show at the MTV Europe Music Awards in Belfast Sunday, scooping four prizes and going one better than 2010 when she also led the field with three.
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.
Tokyo, Osaka exchanges eye merger in autumn 2012: report
Tokyo Stock Exchange and Osaka Securities Exchange <8697.OS> are in the final stages of talks to merge with the aim of combining forces in the autumn of 2012, the Nikkei newspaper reported on Monday.
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.