Wednesday, 8 Feb 2012 | Source: The Associated Press
McDonald's reported a better-than-expected rise in January sales at established restaurants across the globe, as strength in the U.S. helped offset the impact of economic weakness in Europe.
Tuesday, 7 Feb 2012 | Source: The Associated Press
Consumer borrowing rose by $19.3 billion in December after a $20.4 billion gain in November, the Federal Reserve said Tuesday. The two increases were the biggest monthly gains in a decade.
Cosmetics maker Estee Lauder forecast quarterly earnings far below Wall Street estimates due to sharply higher spending on advertising, sending its shares down 3.4 percent.
JCPenney said on Friday said it fully backs its partnership with chat show host Ellen DeGeneres after a conservative group urged the retailer to reconsider hiring DeGeneres as a spokeswoman because she is a lesbian.
China's fledgling services sector weakened in January as property tightening measures weighed on demand, the official purchasing managers' survey showed on Friday, reinforcing the case for policy easing to bolster economic growth.
The number of job cuts announced by employers jumped 28 percent in January, led by retailers and financial firms, according to the latest report by global outplacement firm Challenger, Gray & Christmas.
U.S. warehouse club operator Costco Wholesale posted a better-than-expected 8 percent rise in January sales at stores open at least a year, helped by higher gasoline prices
Wednesday, 1 Feb 2012 | Posted By:
| Source: CNBC.com
Love-struck consumers are forecast to spend 8.5 percent more on Valentine’s Day this year, bringing the average spending to $126.03 per person, according to the National Retail Federation.
The online retail giant reported quarterly earnings that beat Wall Street's expectations, but its revenue fell short of forecasts, sending its shares lower.
The electronics retailer said weakness in the Sprint business more than offset sales growth from its partnership with Verizon Wireless, rising revenues from AT&T spacer and higher sales of tablets and e-readers.
South Korean retailer E-Land Group confirmed on Tuesday that it has formed a consortium to buy the Los Angeles Dodgers, and is among short-listed bidders for the storied baseball team, which local media estimate is worth $1.2-1.5 billion.
As the romantic dinner tradition continues this year on Valentine’s Day, February 14 is not only a big day for Cupid, it’s also a big day for restaurateurs.... Read More
In an industry known for extravagance, simpler designs with a ladylike twist will blanket the Lincoln Center runway at Fashion Week for the Fall 2012 season, industry experts predict... Read More
As online companies such as Akamai and Groupon made news in the past few days, renowned Internet analyst Mark Mahaney looked behind the headlines... Read More
PepsiCo CEO Indra Nooyi put to rest chatter the Purchase, N.Y., giant would be splitting off its lucrative chip business, saying the companies “together create a lot more shareholder value than apart.”... Read More