JC Penney's new Chief Executive Ron Johnson thinks shoppers have dropped the coupon-hounding, sale-chasing era when department stores reigned. Retail territory has been ceded to bargain sellers such as Walmart and Target. The former Apple retail executive offered a much-hyped solution last week, mixing branding, a new pricing structure and a buoyant ethos.
Pink slime - a mix of meat trimmings washed in ammonium hydroxide and used in fast food burger patties - churned consumer's stomachs so much; McDonald's banned the slop, according to news reports.
After shares of Netflix hit rock bottom following an ill-fated business decision last September, the Los Gatos, Calif-based company has seen its shares go back up rather quickly.
Resident Evil 6, which has been developed and published by Osaka, Japan-based company Capcom, is scheduled for a Nov. 20 release.
Shares of Amazon, the world’s largest e-retailer, plunged 11 percent to $173.68 in pre-market trading after the company reported fourth-quarter revenue below expectations.
Kazuo Hirai will be the new chief executive officer and president of Sony, effective April 1, when he will replace Howard Stringer, according to the company.
Oscar-winning actress Rachel Weisz's L'Oreal advertisement has been banned on the grounds of the ad being Misleadingly exaggerated.
iPad 3, which is the next iteration of Apple's iPad 2, is expected to be launched anytime soon. Check out the top 5 anticipated features of iPad 3.
The newest Corona 5.0.1 Untether 1.0-7 has been released.
Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.
Bookseller Barnes & Noble has announced that the chain will stop selling books in its stores published by Amazon.com.
Sandusky's attorney said he would vehemently oppose the motion to use an outside jury.
Apple Inc. just can't lose. After becoming one of the most valuable companies in the world (the market cap is currently at $425.61 billion), Apple followed up by becoming the top PC maker in the world. The achievement is a testament to the company's ability to sell innovative products and to its rabid fan base. Whether Apple is able to remain the top PC maker remains largely dependent on new senior vice president of retail operations John Browett's ability to keep sales strong.
Co-founders of online U.S. payment service PayPal, now owned by eBay Inc, donated to the Super PAC funding group supporting Republican presidential candidate Ron Paul, the group Endorse Liberty disclosed on Tuesday.
Last week, GDS Architects won a competition to design a tower in Incheon, South Korea. The crystalline structure is design to disapear through optical technology, the architects said.
Prosecutors in California say a 15-year-old boy who had returned home after running away to Occupy Oakland, strangled his foster parents and stuffed their bodies in a car. He will be tried as an adult.
ExxonMobil vice president of investor relations David Rosenthal said his company's lower than expected earning figures are largely due to lingering global economic weakness in Europe which hurt the U.S. economic recovery and prompted declines in industry and chemical refining.
The Seattle-based company announced Tuesday it earned $177 million in the fourth quarter, or 39 cents a share.
Apple updated its professional video editing software offering Final Cut Pro X, injecting the platform with significant improvements to enhance the editing experience.
Amazon.com Inc shares slumped after the largest Internet retailer said it may lose money in the first quarter, a sign the company is continuing to spend heavily on expansion and new ventures.
Apple Inc has hired Dixons Chief Executive John Browett, who revived the British electronics retailer by emphasizing customer service, to lead the iPad maker's global retail expansion.
Even in defeat, Carl Icahn can change companies.
As it prepares for one of the biggest IPOs ever, Facebook is coming under the same fierce attacks being waged against other big technology companies: patent lawsuits.
As April 17, 2012 approaches, many Americans are faced with the deadline of filing their 2011 income tax returns.
Merck & Co., the second-largest U.S. drugmaker, is projected to report stronger fourth-quarter profit on double-digit growth of key products, an increasing emerging markets presence and further cost reductions.
A lot has been said about hydraulic fracturing, the controversial natural gas drilling technique that has sparked a rush for natural gas in the U.S. Here is how they are built.
Stephen Colbert's super PAC, Americans For a Better Tomorrow, Tomorrow has reportedly raked in over $1 million according to a document filed with the Federal Election Commission.
Though Carnival revealed its sales had declined in the mid-teens on Monday following the Costa Concordia cruise ship sinking, most travel agencies have seen little change in bookings.
Within days, Facebook is expected to file for an initial public offering with the U.S. Securities and Exchange Commission, for the first time doing a public financial strip tease.
Newt Gingrich is the latest Republican politician to be asked by a musician to stop using their songs at campaign events.
