Retail & Consumer
  • Best Buy Co. is reporting a 90% drop in net income during the second quarter, dragged down by restructuring charges and weak sales. The company also withdrew its earnings guidance for the year.

    In this Thursday, June 21, 2012, file photo, customers walk in and out of Best Buy in Danvers, Mass. Best Buy Co. is reporting Monday, Aug. 21, 2012, a 90 percent drop in net income during the second quarter, dragged down by restructuring charges and weak sales. The company also withdrew its earnings guidance for the year.
    LAST UPDATE : Aug 23, 2012, 7:25 AM EDT
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  • Tech-savvy consumers snapped up Barnes & Noble's e-books and other digital content during the company's fiscal first quarter, while traditionalists headed to its bookstores for the popular "Fifty Shades of Grey" series.

    LAST UPDATE : Aug 23, 2012, 9:02 AM EDT
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  • Embattled Japanese TV maker Shar pCorp may cut a further 3,000 jobs on top of the 5,000 already announced by selling two television assembly plants to Taiwanese partner Hon Hai Precision Industry, according to a source familiar with the discussion.

    LAST UPDATE : Aug 23, 2012, 7:08 AM EDT
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  • Global buyout fund KKR & CoL.P. has placed a bet on China's $38 billion youth apparel retail market, saying on Wednesday that it will acquirea stake in privately held retailer Novo Holdco Ltd for $30 million.

    LAST UPDATE : Aug 23, 2012, 7:08 AM EDT
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  • The unexpected death of PernodRicard chairman Patrick Ricard may speed up hisnephew's climb to the top, reinforcing the founding family'sgrip on the world's second-largest spirits maker.

    LAST UPDATE : Aug 23, 2012, 4:04 AM EDT
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  • Best Buy Co Inc named French businessman Hubert Joly, former head of travel company Carlson, as chief executive on Monday, hoping to tap his expertise in restructuring companies to turn around the world's largest consumer electronics chain.

    LAST UPDATE : Aug 23, 2012, 12:45 AM EDT
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  • Lowe's Cos Inc reported weaker-than-expected quarterly results and cut its profit outlook for the fiscal year as the world's second-largest home improvement chain lost market share to larger rival Home Depot Inc.

    LAST UPDATE : Aug 23, 2012, 12:45 AM EDT
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  • The Dutch brewer says the board of Fraser and Neave will recommend the deal to shareholders, as Heinekin seeks to fend of a Thai rival for control of a leading brand in the fast-growing Southeast Asian beer market.

    LAST UPDATE : Aug 22, 2012, 11:43 PM EDT
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  • Coca-Cola Hellenic, the world's second-largest bottler of Coca-Cola Co , is forecast to post a 25% annual drop in first-half profits after demand fell in austerity-hit markets and raw materials costs rose.

    LAST UPDATE : Aug 22, 2012, 2:12 PM EDT
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