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Starbucks' Same-Store Sales Increase Pumps Up Profits

Starbucks
Starbucks had higher-than-expected sales increases at its U.S. stores in the company's fiscal third-quarter, pushing profits beyond the expectations of analysts. The company's stock rose in after-hours trading.
Barnes & Noble

Apple Buying Barnes & Noble? Doubtful

A report says Apple is having discussions with bookseller Barnes & Noble about buying the chain. But don't believe everything you read. It's not going to happen.
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Amazon Founder, CEO Jeff Bezos

Amazon: The Most Competitive Business Ever Built?

Jeff Bezos and Amazon have unique competitive advantage, some analysts say. They suggest Amazon is succeeding bigger, and faster, than Wal-Mart did, becoming the world's largest retailer. That begs the question: Has Amazon built the most competitive business ever?
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Toys R Us to carry Kindle

Toys R Us, the world's largest toy retailer, said its U.S. stores will carry Amazon.com's Kindle electronic reader and related accessories starting July 31.
Bosco Farr, a floor manager at independent bookstore BookPeople poses in Austin, Texas, in this undated handout photo.

As Borders exits, indie bookstores fight other Goliaths

A decade ago Austin bookseller Steve Bercu faced a Texas-sized threat to his independent store: Borders was planning to build a megastore just blocks away. So he dug in his spurs and garnered community support that kept the franchise out of his area.
Shopping carts are seen outside a new Walmart Express store in Chicago

Walmart Express debuting in Chicago on Wednesday

Wal-Mart Stores Inc (WMT.N) is opening its first small store in Chicago on Wednesday as it tests a format it hopes will allow it to penetrate urban markets that have resisted its huge stores.
Amazon

Amazon's Stock Zooms; Analysts Remain Bullish

Amazon's stock is trading near a 52-week high, up more than five percent Wednesday after the company posted strong second quarter earnings and profits. But Amazon will go higher, say some analysts, because the company has a decided competitive advantage.
U.S. Postal Service

Postal Service to Close 3,700 Offices

The postmaster general revealed that over the next decade, half of the 32,000 post offices. More than 200 each post offices will be closed in Texas, Illinois, Missouri and Pennsylvania.
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Walmart Express hits Chicago

Wal-Mart Stores Inc is opening its first small store in Chicago this week in the first true test of a store format the world's largest retailer hopes will let it penetrate urban markets that it so far has had trouble cracking.
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Amazon revenue surges

The largest Internet retailer benefited from growth in e-commerce, though margins continued to be pressured by heavy spending on distribution, technology and digital content.
US Post Office In Blacksburg, Virginia

U.S. Postal Service to Close 3700 Offices This Year

The U.S. Postal Service (USPS) announced today a list of nearly 3,700 retail offices to be studied and potentially closed as early as November and replaced by new Village Post Offices in an effort to compensate for losses.
Mike Lazaridis, president and co-chief executive officer of Research in Motion, speaks at the RIM Blackberry developers conference in San Francisco

RIM Layoffs Not Long-Term Solution

Blackberry maker Research in Motion's plan to lay off 10 percent of the company's workforce shines fresh light on desperation within the company to keep up with fierce smartphone competition eroding market share.
2. Salmonella

Papayas Recalled, May Contain Salmonella [FDA FULL TEXT]

The Texas company is voluntarily recalling the FDA detected salmonella matching the outbreak strain. Salmonella can cause serious and sometimes fatal infections in children and elderly with weakened immune systems.
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Mac Mini, MacBook Air Ousts Optical Drive

New versions of the Mac Mini and MacBook Air have eliminated optical drives used for CDs and DVDs, which signifies the imminent death of tangible media completely as USB connectivity and digital marketplaces become the popular means for file transferring.
The Brazilian exotic fruit papaya,

FDA Warning: Mexican Papayas Recalled, Linked to Salmonella Poisoning

U.S. health regulators on Monday warned people not to eat Mexican-grown papayas from Texas distributor Agromod Produce Inc., as they investigate a possible link to a salmonella outbreak in 23 states. So far, the outbreak of Salmonella Agona has resulted in 97 reported cases of illness, ten of which involved individuals being hospitalized, across the country, the U.S. Food and Drug Administration said.

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