CNBC's Tyler Mathisen looks back at the week's top business and financial stories.» Read More
Circuit City Stores said it will explore options including a sale for its Canadian unit InterTAN Inc. and cut about 3,400 store associate jobs as the retailer tries to improve its financial performance.
Judy Gold is moving on up in the "Trading With The Stars" portion of our Million Dollar Portfolio contest. She's now in 4th place--up two spots from 6th. Judy's holding of SSRI, seems to be paying off. the leader--Stephen Collins remains in the top spot--followed by Jonathan Tucker and Chris Moneymaker. Most of the stars stayed away from making many trades Tuesday, except for Willie Garson...
British grocer J. Sainsbury topped fourth-quarter sales forecasts on Wednesday and said its recovery plan was ahead of target, which analysts said strengthened its hand ahead of a possible takeover bid.
British sweets-to-DVDs retailer Woolworths reported a 74% drop in annual pretax profit on Wednesday, saying the new financial year began positively but the retail environment would remain challenging.
Target reaffirmed late Monday that it will meet its same-store sales growth goal of 11% to 13% for March.
Furniture maker and retailer Ethan Allen Interiors forecast quarterly earnings below analysts' expectations on Monday, citing a challenging economic environment for home furnishings retail.
Good morning all. We hope you were able to watch Friday night's "How To Win" contest program. But if not, or even if you did, I'll re-cap some of the show in blog posts today. We'll start with some of the picks--I'm sure you'd like to know what the experts were hot about. So far, there are 443,291 contest registrations to date.
Bookseller Borders Group, in a significant strategy shift, said on Thursday that it would close nearly half of its Waldenbooks stores, weigh options for its international units, and start selling books through its own Web site.
Here's a look at what stocks were active, good and bad, on Wednesday's close. FMT remains popular with contestants--with apparent good reason, as you can see on the return percentage listings. The subprime "crisis" real or not-may be effecting buys. CMGI, REV and SIRI remain among the most active and widely held. Registered contests: 394,948.
Next, Britain's second largest clothing retailer, beat forecasts with a 6.5% rise in annual profit on Thursday and said it expected its falling like-for-like sales to improve this year.
Dutch retailer Ahold said on Thursday that fourth-quarter net profit more than doubled, thanks to its domestic activities, and said it would increase its share buyback to 3 billion euros ($4 billion).
Takeover target Coles Group, Australia's second-largest retailer, will be sold in three separate lots in an auction designed to maximize sale price, The Australian Financial Review said on Thursday.
Metro, Germany's biggest retailer, said Wednesday that full-year net income almost doubled as recently acquired businesses contributed to earnings for the first time and the company sold its remaining stake in the Praktiker home improvement chain.
Spain's Inditex on Wednesday said fiscal 2006 net profit rose 25% as it continued its rapid international expansion while reining in costs.
Consumer prices in Britain rose 2.8% in the year ending in February, up a tenth of a point from January's rate, the government said Tuesday.
First week winner Nancy Beaumont has some company. Chuck Chow is the Week 2 winner with a portfolio gain of 63.794%. Chuck was conservative the first week buying and holding First Solar on 3/5 at $44.13 and not selling until 3/12 at $57.91 making $309,634.35. However, his gain on FSLR as of the end of week 1 was only half that.
Week two is now in the books. So--what can contest players do to get the edge in the game this week? Friday night's hour long special on CNBC "How To Win," provided some interesting picks and strategies. We'll be posting some excerpts from the show througout today.
CNBC's Margaret Brennan sat down with Federated Chief Executive Officer Terry Lundgren, who talked about Federated's multi-pronged strategy for increasing its topline.
Here's a look back at the Million Dollar top percent gainers and losers so far this week. As of the close on 3/14, the top trades were: Champion Enterprises, a homebuilder, up 13.94% if you bought on 3/13 at $8.25 and sold on 3/14 at $9.40.
Here's update info as reported by CNBC's Bill Griffeth and Dylan Ratigan on "Power Lunch." Actor James Cromwell is the celebrity playing for PL. And the production staff is a bit happier--well sort of. James is in 5th place and also continues to dig himself out of sub-million territory.