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The state refiners could cut petrol prices by an approximate price of Re. 1 per litre (or 1.5 percent), as softening Singapore spot gasoline prices have offset the impact of a declining rupee, an industry source said on Monday.

Cyber Monday was on course to set another record for retail sales on Monday, as the strong start to the holiday shopping season continued online.

People looking for Activision Blizzard's (ATVI.O) new children's game Skylanders this holiday season may be out of luck after the game sold better than expected, the video game maker's top executive said on Monday.

Best Buy posts big Black Friday weekend numbers, including selling out of Playbook tablets.

Stocks rebounded from seven days of losses on Monday as investors used the latest effort from European leaders to resolve the region's debt crisis as an opportunity to cover short positions.

Shares of the Seattle-based retailer rose 6.44 percent to $194.15.

People looking for Activision Blizzard's new children's game Skylanders this holiday season may be out of luck after the game sold better than expected, the video game maker's top executive said on Monday.

After a blockbuster performance over the long Thanksgiving weekend, risk-taking retailers such as Macy's Inc and Amazon.com Inc were rewarded with big gains in their shares, while chains that are still tinkering with their strategies reaped smaller rewards.

Cyber Monday boycott by Patagonia sportswear company, which tells consumers Don't Buy This Jacket

Verizon Galaxy Nexus rumors and puzzling Best Buy ads have left fans in the U.S. confused and frustrated about the phones release date, but Computer World claims to have finally found a credible source who leaked that pre-orders for the phone will start on Tuesday.

Improving market fundamentals will bolster the commercial real estate market in 2012, according to the National Association of Realtors (NAR).

Defections from Morgan Keegan are slowly hollowing out the $1.5 billion brokerage, which has recruited almost no experienced hires to fill the gaps left by advisers who have left since June.

One in 10 Internet users plan to buy holiday gifts at either Groupon or LivingSocial this year, up from 4 percent last year.

The past Black Friday weekend saw record breaking sales figures as consumers are feeling more comfortable to purchase again. Job market outlook for early 2012 could provide another gentle boost to consumer spending, which accounts for as much as 70 percent of all U.S. growth.

Stocks surged about three percent on Monday on hopes that fresh proposals may emerge out of Europe to help solve the region's debt crisis.

A retail space at 60 Greene Street in Manhattan's Soho neighborhood has sold for $10.35 million, according to New York City records, one of two recent deals that cement the street's reputation as a desirable retail strip. Across the street, 57-63 Greene's retail condo is close to a deal, according to David Schechtman of Eastern Consolidated, one of the listing brokers.

Customers purchased four times as many Kindle devices as they did last Black Friday, the Seattle-based company reported Monday.

Online retail sales in the United States on the post-Thanksgiving shopping day known as Black Friday jumped 26 percent this year, led by Amazon.com Inc, comScore said on Sunday.

Apple broke its single-day sales record on Black Friday thanks to online deals and popular products, earning more than four times what the company makes in a day.

At a time when electric cars are beginning to steal the limelight from their gas-eating rivals, a new finding from the National Highway Traffic Safety Administration (NHTSA) over General Motors' (NYSE:GM) electric vehicle, Chevrolet Volt, may likely question the safety of electric cars.

Apparel brand Gap Inc said on Friday that it aims to triple its store network in China next year, one of the latest foreign brands to target the country's consumer spending growth.