Avon will pay $135 million to settle charges after its China unit pleaded guilty to violating the Foreign Corrupt Practices Act with bribes.» Read More
As promised, here's the transcript of my interview with Chris Holling of Global Insight. He's the Economist who authored the Wal-Mart savings study that I blogged about yesterday. Here's the explanation of how he came up with the math behind the "Wal-Mart Effect."
Halloween holiday consumers plan on spending more this year than last for getting their trick or treat on.
U.S. sales of video game hardware and software jumped 75 percent in September, driven by Microsoft's "Halo 3" and Nintendo's Wii console.
Wal-Mart announced today that it is rolling out a second round of pre-holiday price cuts this time on an additional 15,000 items. The cuts are 20% more than last year, according to Wal-Mart public relations.
This Saturday, Notre Dame plays USC. It's not the ideal matchup it has been in the past. But that doesn't mean it isn't a hot ticket. Consider some of these numbers: StubHub is telling me that the average price of a ticket sold on their Web site for this weekend's game is $438.
Nike, the world's largest athletic shoe and clothes maker, would see revenue growth in China increase at 50 percent per year and sales reach $1 billion within a year, CEO Mark Parker said on Thursday.
British retail sales rose much more than expected in September at their sharpest annual rate in three years, official figures showed on Thursday.
With the Cleveland Cavaliers playing the Orlando Magic in China, I decided it would be good to run our story on the marketing of LeBron James on CNBC today. I sat down with him last week to discuss his endorsement roster and other things, including his relationship with Warren Buffett.
Europe's major stock indexes closed higher Wednesday, following a mixed morning, as a strong set of earnings from the likes of Coca-Cola and JPMorgan boosted investor confidence.
Gatorade, which is owned by Pepsi, confirmed today that it signed a licensing deal with Tiger Woods. Last month, Golfweek Magazine reported that it was a five-year deal and that it could be worth up to $100 mill
Can something overpriced, lowfat and "healthy" sell as well as something overpriced, addictive and caffeinated? Probably not. Replicating the success of Starbucks seems next to impossible. But Howard Schultz the chairman of Starbucks and partner Dan Levitan are betting $27.5 million that they can use their knowledge...
Well, it's about time. That might be the familiar refrain coming from Apple investors as well as the Mac faithful who had to give up Leopard's place in the development line in favor of the company's new favorite flavor, the iPhone.
Carrefour, the world's second largest retailer, reported a slightly below-forecast 5.8 percent rise in third-quarter sales on Tuesday, with revenue growth in the international business offsetting lower revenue in its French home market.
The National Retail Federation says its survey has found that 40 percent of shoppers will begin their holiday shopping before Halloween. That's despite the fact that the day after Thanksgiving is typically seen as the official beginning of the holiday shopping season.
Standing here at the Port of Wilmington in Delaware, I was surprised to see the number of Dole and Chiquita logo'd trucks driving cargo to the port. Who knew that P of W is the #1 banana port and Chilean grape import/export port in the U.S.?!
Diageo, the world's biggest alcoholic drinks group, said on Tuesday sales growth slowed in its first quarter, but it maintained its full-year target for underlying operating profit to rise by 9 percent.
Stocks are sending a mixed message this morning as oil cranks to a new high and earnings season gets underway. European stocks are mixed to firmer, and Asian markets were higher though Tokyo had a flat session.
It’s going to be a joyful—and profitable—holiday season for retailers, according to the latest CNBC Wealth in America survey. Americans plan to spend an average $839 during the holiday season, up 17.6% from last year.
Hennes & Mauritz beat expectations with a 25% year-on-year rise in September sales, its second-strongest figure in five years, signaling a buoyant reception for its winter fashions and online shops.
Forget the credit crunch, housing recession and fears of slower economic growth. Americans plan to open their wallets during the holidays this year, though maybe not on those cheap Chinese toys. Spending is expected to jump 17% from last year, to an average of $839.