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GameStop cuts profit view

GameStop Corp said on Thursday holiday season sales failed to improve from the previous year, and cut its fourth quarter profit forecast, blaming a woeful combination of a weak economy, bad weather and product shortages.

Arcelor, POSCO gear up for new India ventures

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The world's leading steelmakers Arcelor Mittal (ISPA.AS) and POSCO (005490.KS) have plans for $14 billion of new investment in India, despite a history of delays in their existing projects.
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Pakistan's displacement crisis far from over: U.N.

Tens of thousands more Pakistanis are likely to be forced from their homes in 2010 as the military continues an assault against the Taliban, the head of the U.N. office responsible for emergencies said on Thursday.
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RBS Sempra gets 3 bids worth near $4 bln -source

Royal Bank of Scotland (RBS.L) and Sempra Energy (SRE.N) have received bids for their commodities joint venture from a trio of banks keen to expand in the booming business, a person familiar with the matter said.
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Jobless claims on downward trend

The number of U.S. workers filing new claims for jobless aid edged up by a slim 1,000 last week and a gauge of underlying labor market trends hit a nearly 16-month low, evidence the job market continues to heal.
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U.S. retailers beat December sales forecasts

U.S. retailers posted better-than-expected December sales, and many raised profit forecasts as they benefited from a late holiday shopping surge and discounts that were more modest than a year ago.
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RBS Sempra gets 3 bids worth near $4 billion: source

Royal Bank of Scotland (RBS.L) and U.S. group Sempra Energy (SRE.N) have received a trio of bids worth about $4 billion for their commodities joint venture, a person familiar with the matter said on Thursday.
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Japan's new finance minister endorses JAL bailout

Japan's new finance minister, Naoto Kan, said he expected a state-backed fund to support Japan Airlines (9205.T), fuelling growing expectations that Asia's largest carrier by revenue will be bailed out with public money
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Saab bid hopes resurface as deadline looms

Prospective bidders in Sweden, Luxembourg and the Netherlands were making last-ditch efforts on Thursday to buy Saab, hours before a deadline set by owner General Motors to either sell or close the Swedish carmaker.
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Potential bidders circle Saab as deadline looms

Bidders in Sweden, Luxembourg and the Netherlands are making last-ditch efforts on Thursday to buy General Motors -owned Saab, as the deadline for its sale loomed, threatening the Swedish car brand with closure.
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Daily Outlook - Jan 7

Future hazy as Google makes waves; China sued over Internet filter; Fed sees jobs turnaround
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New jobless claims less than expected

The number of U.S. workers filing new applications for unemployment insurance rose less than expected last week and a measure of underlying trends hit a nearly 16-month low, underscoring the improving labor market tone.
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Early data show retailers posting gains

U.S. retailers including Macy's Inc and Aeropostale posted higher December sales and raised profit forecasts as they carefully managed promotions to lure shoppers during the holidays.
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U.S. new jobless claims rise less than expected

The number of U.S. workers filing new applications for unemployment insurance rose less than expected last week and a measure of underlying trends hit a nearly 16-month low, government data showed on Thursday, underscoring the improving labor market tone.
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Stock futures slip ahead of jobless claims data

Stock index futures dipped on Thursday along with global markets, as investors awaited data expected to show a rise in initial jobless claims, one day before the closely watched monthly non-farm payrolls report.
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Stock futures dip ahead of jobless claims data

Stock index futures dipped on Thursday along with global markets, as investors awaited data expected to show a rise in initial jobless claims, one day before the closely watched monthly non-farm payrolls report.
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Cadbury shares dip below Kraft bid for first time

Cadbury shares dipped below Kraft Foods' 10.6 billion-pound ($17 billion) bid price for the first time on Thursday as prospects of a rival bid receded and analysts reckoned Kraft now needed only to slightly sweeten its offer to win.
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Panasonic, DirecTV team up on 3D

Japan's Panasonic Corp and DirecTV Group, the top U.S. satellite TV provider, will together launch three high-definition 3D channels by June to try and jump-start demand for 3D TVs and content.
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Wireless industry in flux as Google steps in

The smoke has finally cleared on Google Inc's highly anticipated Nexus One smartphone, but the ramifications of the Internet company's new role as a mobile phone vendor are still hazy.
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Costco Dec same-store sales beat estimates

Costco Wholesale Corp on Thursday reported a better-than-expected nine percent rise in December sales at stores open at least a year, helped by an increase in gasoline prices and stronger foreign currencies.

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