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Hormel, Herdez expand ties to launch new marketing company

Hormel Foods Corp. and Herdez Del Fuerte S.A. de C.V. are expanding their relationship, announcing Friday they will form a 50/50 joint venture to market Mexican foods in the U.S.

Verizon and AT&T deny collusion on texting prices

U.S. wireless carriers Verizon Communications and AT&T took issue with assertions that they colluded in setting prices for text messages, saying on Tuesday that prices for most customers had fallen and the market was competitive.

Obama lobbies doctors on healthcare reforms

President Barack Obama warned doctors on Monday the U.S. healthcare system was a ticking time bomb and urged them to support his overhaul, which includes a public insurance plan that many of them view with skepticism.

Syms-Vornado win Filene's with $62.4 million bid

The second bankruptcy auction for off-price retailer Filene's Basement was won on Monday by a joint $62.4 million bid by discount clothier Syms Corp and developer Vornado Realty Trust , a restructuring expert advising Boston-based Filene's said.

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Back-to-school shopping to test retail resilience

As students study for final exams, the retail industry is gearing up for its biggest test so far this year -- the back-to-school shopping season. After cutting costs to cope with slack consumer demand during the recession, retailers hope the economy will start to recover in the second half of the year.

Bonus culture change may just make the rich richer

Regulators and politicians who want to curb the huge bonuses paid to financiers in the wake of the global credit crisis may find the banking sector's response even more unpalatable.

Dollar General profit soars as shoppers seek value

Dollar General Corp reported a sharply higher quarterly profit on Tuesday, as cost-conscious consumers flocked to the discount retailer's stores for bargains in the recession.

India’s Energtek says its NatGas production to rise 60 pct in 2010

India's EnergTek Inc on Friday said its natural gas production will increase more than 60 percent in 2010, in line with overall expectations for the Indian market last month from the Center for Monitoring Indian Economy (CMIE).

Tiffany profit falls; stock down as outlook same

Tiffany & Co posted a 62 percent drop in quarterly earnings on Friday, worse than Wall Street had expected, as jewelry sales languished in the recession.

Tiffany profit drops 62 percent; shares lower

Tiffany & Co said quarterly earnings fell a worse-than-expected 62 percent as jewelry sales suffered amid the recession.

GameStop same store sales stumble

GameStop Corp said on Thursday its same-store sales dropped more than expected in the last quarter and it lowered its full-year same-store sales forecast.

Russia's MTS sells 15 billion rouble bond

MTS, Russia's top mobile phone operator, said on Tuesday it had placed in full a five-year bond worth 15 billion roubles ($464.5 million).

Google eases trademark restrictions on some U.S. ads

Google Inc is lifting restrictions on the use of trademarked terms in its U.S. online advertising system, a move that could increase friction between the Internet giant and brand owners.

Retailers lure customers with discount coupons

With the recession hitting the retail industry hard, an increasing number of retailers are now offering discount codes to consumers to differentiate themselves from High Street retailers and attract more customers, according to voucher code website.

Kohl's profit beats as sales up, raises year view

Kohl's Corp posted a lower quarterly profit on Thursday but just beat Wall Street's expectations as the department store operator managed to show a slight increase in sales despite persisting consumer thrift.

Citi's Primerica seeks bids for marketing arm: report

Executives at Citigroup Inc's Primerica Financial Services unit are looking to sell the division's marketing arm, Bloomberg said, citing four people familiar with the matter.

Hungry Oprah fans to receive KFC rain check in mail

This week many Oprah fans were left hungry as they headed for KFC wanting to redeem the coupons Oprah gave them for a free meal but came back empty handed as the restaurants were no longer honoring coupons.

Mars 'RealChocolate.com' site crashes on first day of promo

Mars is offering free chocolate on Fridays till the end of September, but already on its first day, the website that offers the coupons was down following the massive flood of traffic.

KFC runs out of chicken; rain check advised

Oprah's Chicken Giveaway has left some outlets of the Louisville-based chain literally chicken-less as they met unexpected extreme public demand.

Wal-Mart enters China's convenience store market

Wal-Mart , the world's top retailer, said on Wednesday it has launched a pilot program to open convenience stores in China, seeking to boost its presence in one of the world's fastest growing retail markets.

Wal-Mart enters convenience store market in China

U.S. supermarket chain Wal-Mart has entered China's convenience store market by opening three shops in the southern city of Shenzhen, a company official said on Wednesday.

Opportunists exploit swine flu with spam e-mails

Exploiting worries over the swine flu outbreak, spammers flooded the Internet on Monday with millions of e-mails peddling counterfeit drugs as remedies and seeking to steal credit card data, a security firm said.

LVMH denies in talks to sell Moet Hennessy

LVMH , the world's largest luxury goods group, on Wednesday denied it was in talks to sell its wine and spirits unit Moet Hennessy.

Tupperware first quarter profit beats forecast

Tupperware Brands Corp on Tuesday reported a quarterly net profit above its forecast and raised its outlook for the year, sending its shares up 11.7 percent in after-hours trade.

Sandisk results top expectations, shares rise

Flash memory maker SanDisk Corp reported better-than-expected results and expressed cautious optimism about the current quarter, sending shares up 8 percent.

Warner Music stock jumps after analyst upgrade

Shares of Warner Music Group rose as much as 18 percent on Monday after an analyst report upgraded the company on the belief that music industry trends were stabilizing after six months of declines.

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