IBT Staff Reporter

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LVMH reveals secrets of its luxury brands

For the first time in its history, luxury conglomerate LVMH has provided a peek into its exclusive workshops, design showrooms and wine cellars -- to reveal the hundreds of hands and delicate workmanship behind its expensive brands.

Europe nearly out of time to stop global crisis: Canada

European leaders are running out of time to prevent euro zone debt problems turning into a full-blown global crisis, Canadian Finance Minister Jim Flaherty said on Monday after Germany warned a breakthrough was unlikely at a summit this weekend.

RIM shares shed 5.7 percent after free apps offer

Shares of BlackBerry maker Research In Motion fell more than 5 percent in morning trade on Monday after the company sought to appease disgruntled customers by offering free apps and technical support.

Shale gas helps Halliburton profit beat Street

Halliburton Co , the world's second-largest oilfield services company, posted a higher-than-expected quarterly profit on Monday as more drillers tapped its expertise in extracting gas from U.S. shale rock.

G4S to buy Denmark's ISS in $8.2 billion deal

British security firm G4S Plc will buy ISS in a 5.2 billion pounds ($8.2 billion) deal pulled off by the Danish company's private equity owners after a failed IPO and against the backdrop of a slump in global takeover activity.

Buying iPhone 4S is a Bad Idea: Top 5 Reasons Why

The iPhone 4S doesn't seem to have half as much charm as it should have had; the iPhone 5, it seemed, was what all the buzz should have been about! However, if that was the case, then what was the overcrowding outside stores all about?

Lowe's closes stores, lays off 1,950 workers

Lowe's Cos Inc is closing 20 of its U.S. locations and eliminating nearly 2,000 jobs, and the home improvement retailer is slashing its store-opening plans to improve profitability.

GE's Immelt: Restoring confidence key to recovery

Confidence will be key to sparking higher growth in the U.S. economy and easing tensions about the financial system that have sparked a global wave of protest, said General Electric Co Chief Executive Jeff Immelt.

Weak U.S. sales weigh on Hasbro, shares slip

Hasbro Inc's quarterly results fell short of analysts' expectations, hurt by a dip in sales in its home market just as the second-largest U.S. toy company gears up for the all important holiday shopping season.

Lowe's closes stores, slashes new store plan

Lowe's Cos Inc said on Monday it is closing 20 of its U.S. stores, eliminating nearly 2,000 jobs, and the home improvement retailer now plans to open far fewer locations in the future, citing the need to improve its profitability.

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