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Wal-Mart seen increasing grocery promotions

Wal-Mart Stores Inc will dramatically increase its promotions over the next six weeks, a Morgan Stanley analyst said on Friday, calling it a major setback for U.S. grocers.

Barnes & Noble names new CEO in e-books push

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Barnes & Noble Inc promoted the executive who spearheaded the development and launch of its Nook electronic reader to be its new chief executive, as the largest specialty U.S. bookseller accelerates its push into digital books.

Indian commexes bet big on retail gold contracts

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Retail participation in gold investment is steadily rising, prompting the commodity exchanges to innovate products as well as delivery mechanisms with significant volumes being generated from retail products like gold guinea. Ahmedabad-based National Multi-commodity Exchange (NMCE) is steadily going ahead with its unique investment product, gold guinea. A guinea, weighing 8 grams each has created a separate class of gold investors.
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Stock futures higher ahead of retail sales data

U.S. stock index futures were modestly higher on Friday, a day after the S&P hit a 17-month closing high and ahead of reports that could give clues into the strength of the American consumer.
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Opening up India retail? Don't hold your breath

Plans by Carrefour, the world's No.2 retailer, to open its first cash-and-carry outlets in India are a sign of optimism in the country's $450 billion retail sector, but foreign investors and some officials want more -- an easing of the country's tough investment rules.
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Stock futures mixed ahead of retail sales data

Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures down 0.01 percent and Nasdaq 100 futures up 0.01 percent.
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Barclays looking for U.S. retail bank to buy: report

British bank Barclays Plc is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter.
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Regulators close banks in four states

U.S. bank regulators closed four banks in as many states on Friday, bringing the number of failures so far this year to 26 as deteriorating loans continued taking a toll on financial institutions.
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Wall Street rallies late on retail sales

Stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
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Snow may have slowed retail sales

Record snow along the U.S. East Coast and other regions likely muted retail sales in February, limiting increases in what was expected to be an easy month for retailers to show big gains over last year.
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Retail results improve but consumers still wary

For retailers that sell everything from toilet paper to refrigerators, 2010 may be more about winning sales from competitors than about getting consumers to buy a lot more of their merchandise.
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Target profit rises in holiday quarter

Target Corp posted a quarterly profit slightly above Wall Street expectations, but investors had hoped for a bigger improvement and shares fell 1 percent.
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Wal-Mart agrees to buy movie service Vudu: report

Wal-Mart Stores Inc will buy the Vudu movie service in a deal that puts the world's largest retailer in competition for online delivery of films with the likes of Netflix Inc, the New York Times reported on Monday.
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EBay urges rethink on EU's Internet sales plan

Ebay Inc urged European regulators to drop a requirement for Internet retailers to have bricks-and-mortar shops, warning it would hurt small firms, keep prices high and stifle e-commerce.
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Retail sales rise brightens recovery picture

Sales at retailers were unexpectedly strong last month, suggesting consumers were feeling a little more comfortable to spend and improving prospects for first-quarter economic growth.
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Retail sales brighten recovery picture

U.S. consumer confidence slipped in February, but a stronger than expected rise in retail sales last month suggested households were feeling a bit more comfortable to spend and sustain the economic recovery.

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