New initiatives don't always succeed first time. The government's auction of 5 percent of Oil and Natural Gas Corp, the energy group, could have flopped had it not been for last-minute intervention from state-owned Life Insurance Company of India. But if Delhi learns the right lessons, the auction route could yet be an effective way of selling stakes in state-run firms.
Big Lots (NYSE: BIG) reported on Friday a 4.2 percent increase in its fiscal fourth quarter profits, beating analysts' expectations through high demand for its discounted products.
Christian Dior presented a toned-down version of elegance for autumn/winter on Friday, as the atelier's signature silhouette of full skirts and cinched waists took on a ballet-like flair.
Wal-Mart and Target are among some two dozen retailers that have teamed up to claim a share of the fast-developing business of turning smartphones into virtual wallets.
This morning, Canon released the 5D Mark III, a much-anticipated digital SLR camera that adds a slew of new innovative features to trump its 2008 release of the 5D Mark II.
Apple is currently auditing the Foxconn factories in China which manufacture many of its products like the iPhone, following a spate of bad publicity over working conditions there. As demand for higher wages and increased safety regulations at the factories goes up, so will the price of Apple's products, some industry analysts are saying.
Eastman Kodak Co has agreed to sell its online photo services business to Shutterfly Inc for $23.8 million, kicking off the bankrupt photography pioneer's relaunch as a much slimmer company although a patent sale seen crucial to its turnaround may still be months away.
The top after-market NASDAQ gainers Thursday were: Shutterfly, Ascena Retail Group, Flow International, Alaska Communications Systems Group, Merge Healthcare, Hercules Offshore, Zynga Inc, Immersion Corp, Collectors Universe and BGC Partners.
On Thursday, Archie Comics announced in a press release that their controversial 16th issue of “Life With Archie” had completely sold out, despite boycott threats from a conservative coalition called One Million Moms.
Individual investors moved back into the markets in February to take advantage of rising stock prices as the economic recovery gained steam and risk aversion eased, said the head of one of the top U.S. discount brokers.
The U.S. Navajo Nation has sued Urban Outfitters Inc. for trademark violations and licensing discrepancies in regard to products offered in its retail stores and online.
Mild weather helped spur consumers to buy spring clothing in February, leading to broad sales gains at top U.S. chains, and even perennial laggard Gap Inc posted its first increase in eight months.
Finnish gaming firm Rovio expects to boost growth for months to come, with expansion in Asia, to Facebook and with the launch of Angry Birds Spaces, its marketing chief told Reuters in an interview.
Rising gasoline prices will not threaten soaring new car sales that have the auto industry on pace for an even more impressive recovery year than originally expected, analysts say.
The U.S. economy would have to strengthen to ensure that the unacceptably high jobless rate keeps dropping, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting the option of further Fed bond buying remains on the table.
Apple announced that it is expected to release its newest device, the iPad 3, a week from today. The new gadget has sparked a lot of chatter from the tech community, from its missing start button to its Retina display. However, there are speculations that the newest Apple craze may not actually be available for sale on March 7, according to ComputerWorld.
Lawyers for Apple Inc. argued for its right to use the iPad trademark in China on Wednesday, as a higher court began a crucial hearing that could result in sales of the wildly popular tablet computer being halted throughout the Chinese mainland.
The Aakash tablet, known as the world's cheapest tab and other low cost BSNL tablets are ruling the Indian tablet market. Check out the comparison of all these low-cost tabs.
Automakers will report nearly 1.09 million new cars in February on Thursday, according to two industry forecasts, continuing the ongoing revival of the industry as sales jumped nearly 6 percent from February 2011 and an eye-popping 20 percent from January. That would equal a seasonally adjusted annual rate (SAAR) above 14 million units -- the highest level since early 2008.
Designers at Milan Fashion Week stitched velvet roses and gilded threads on embroidered winter fabrics seeking to lure the kinds of consumers who can still afford to splash out on luxury clothes during a period of financial austerity across Europe.
U.S. stocks gained on Tuesday as strong U.S. consumer confidence data outweighed initial disappointment caused by a disappointing report on durable goods orders.
Spain's Banco Santander, the biggest lender in the euro zone by market capitalization, said Tuesday that it will take over Poland’s Kredyt Bank from Belgium’s KBC Group in an all-share deal that values the combined entity at $6.69 billion.