RadioShack stumbles down road taken by many failed U.S. retailers
(Reuters) – RadioShack Corp confronts an uncomfortable fact as it considers filing for bankruptcy to give it time to overhaul its 4,400 electronics stores: Retailers rarely emerge from bankruptcy. They often liquidate and go out of business.
Exclusive: HP exploring sale of photo sharing service Snapfish – source
NEW YORK (Reuters) – Hewlett-Packard Co is exploring the sale of its web-based photo sharing service Snapfish, and has held discussions with multiple private equity and industry buyers, a person with knowledge of the situation said.
Darden posts loss amid growing pressure from investor Starboard
(Reuters) – Darden Restaurants Inc on Friday reported a quarterly loss, but its results were overshadowed by activist investor Starboard Value LP’s revised plan to boost Darden’s profit and stock price.
U.S. retail sales move higher; consumer spirits rise
WASHINGTON (Reuters) – U.S. retail sales rose broadly in August and consumer sentiment hit a 14-month high in September, supporting expectations for sturdy economic growth in the third quarter.
Foreign investment in Mauritius jumps, real estate gets most
PORT LOUIS (Reuters) – Foreign direct investment in Mauritius jumped 67.3 percent to 7.926 billion rupees ($253 million) in the first six months of 2014 from a year earlier, helped by a flow of money into real estate, the central bank said on Friday.
T-Mobile US adds record 552,000 postpaid customers in August
WASHINGTON (Reuters) – T-Mobile US added 552,000 postpaid customers in August, more customer additions than any other month in the history of the company, Chief Executive John Legere told investors at a conference in New York on Friday.
EBay shares backtrack after it dismisses talk of Google stake
NEW YORK/SAN FRANCISCO (Reuters) – Shares of eBay Inc lost much of their Friday gains after the online retailer dismissed market speculation that Google Inc may be preparing to buy a slice of the company.
Banks join forces in push for coordinated FX settlement: sources
LONDON (Reuters) – Banks caught up in the British investigation into alleged manipulation of global currency markets are pushing for a coordinated settlement that would reduce their exposure to potential reputational damage, banking and legal sources t…
Falling oil price tilts political, economic balance in U.S. favor
LONDON/KUWAIT (Reuters) – The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions again…
Ford recalls older model Escape and Mercury Mariner hybrids
DETROIT (Reuters) – Ford Motor Co is recalling about 74,000 older model Ford Escape and Mercury Mariner crossover vehicles because the electronic hybrid system may overheat, according to a filing with U.S. regulators on Friday.
