MARKETING

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Holiday shoppers keen on deals, online spending up

A focus on bargains pulled U.S. shoppers into stores and onto websites over the Thanksgiving holiday weekend, but many said they would stick to their budgets and avoid purchases if they couldn't find a good deal.

Black Friday sales seen strong, but will it last?

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U.S. consumers turned out in strong numbers to hunt for holiday bargains on Black Friday, though many said they were spending selectively and industry executives questioned whether the momentum would last.
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Black Friday deals may not signal retail comeback

When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds.
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Target holiday results may disappoint, shares fall

Discount retailer Target Corp reported third-quarter results that beat Wall Street expectations but forecast a holiday quarter profit that could fall short of estimates, and its shares fell over 5 percent.
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Saks posts Q3 profit, shares up

Upscale department store operator Saks Inc reported a quarterly profit on Tuesday, beating Wall Street expectations for a loss, and its shares rose 5.5 percent.
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Japan's Ministop to bid for Buy The Way -sources

Ministop Co, Japan's fifth-largest convenience store, plans to bid for South Korea's Buy The Way, which has been put up for sale by private equity firm Unitas Capital, three sources familiar with the matter said.
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Europe shares tick up to 3-week closing peak

European shares edged up to a three-week closing high on Thursday with telecom shares leading the advance after soothing earnings results and airlines gaining ground on merger news.
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GameStop to sell digital game downloads

Customers who visit GameStop Corp stores will soon be able to purchase digital upgrades to their favorite video games, as the retailer eyes a shift toward digital distribution of games.
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MasterCard sees higher marketing costs, stock down

MasterCard Inc , the world's second-largest credit card network, forecast marketing expenses will increase 20 percent, and rebates and incentives will go up in the fourth quarter, sending shares down up to 6 percent.
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Sept factory orders rise 0.9 percent

New orders received by U.S. factories rose a stronger-than-expected 0.9 percent in September, while inventories continued to shrink, the Commerce Department said on Tuesday in a report suggesting manufacturing activity is feeding the economic recovery.
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Holiday shoppers' search extends to social media

From Facebook to Twitter to YouTube, retailers and food chains plan to use social media this holiday season to get their brands in front of consumers and possibly win a bigger piece of their limited shopping budgets.
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Stryker unit indicted in marketing scheme: DOJ

Medical device maker Stryker Biotech LLC and top management were indicted on federal charges they conducted a fraudulent marketing scheme for bone-growth products, the U.S. Justice Department said on Wednesday.
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Stryker unit charged in marketing scheme: DOJ

Stryker Biotech LLC and top management have been indicted on charges they engaged in a fraudulent marketing scheme for certain medical devices, the U.S. Justice Department said on Wednesday.
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Oil eases below $79 as inventories weigh

Oil eased to below $79 a barrel on Wednesday, extending the previous session's decline from a one-year peak after a bigger-than-expected rise in U.S. crude oil inventories.
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Google earnings beat the Street

Google Inc. reported a 27 percent increase in third-quarter profit, surpassing analysts' estimates, following a boost in online ads and e-commerce.
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Host Hotels sees signs of improved demand

A nearly 10 percent drop in costs and higher-than-expected revenue helped Host Hotels & Resorts post third-quarter results that surpassed expectations, and its shares rose nearly 5 percent.
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Handbags and snoods help Burberry top forecasts

Luxury goods group Burberry beat second-quarter revenue forecasts, helped by demand for handbags, leather goods and snoods, adding to signs of a consumer recovery and lifting its shares to a 21-month high.
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Walmart.com seeks boost with latest launch

Walmart.com wants to be the first place U.S. consumers go to when making an online purchase, and its announcement on Tuesday that it will sell health and beauty products will help it reach that goal, its chief executive officer said in an interview.

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