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EBay CEO says Skype deal is going to close

EBay Inc Chief Executive John Donahoe said on Wednesday that recent lawsuits will not derail a $1.9 billion deal to sell a majority interest in Web telephone unit Skype to an investor group.

Sam's Club tightens electronics return policy

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Wal-Mart Stores Inc's Sam's Club chain said on Wednesday that its U.S. warehouse clubs are now offering free technical support for consumer electronics, but it is toughening up its return policy for such items.
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Best Buy's profit misses by penny; outlook raised

Best Buy Co's quarterly profit missed estimates on Tuesday as sales of lower-margin products like notebook computers and promotional efforts to woo shoppers ate into the top U.S. consumer electronics chain's margins.
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Many U.S. retailers report lower August sales

U.S. retailers reported August sales that showed some signs that the economic downturn was easing, but a late Labor Day holiday and muted consumer enthusiasm weighed on the key back-to-school season.
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Costco and Limited beat August sales estimates

U.S. retailers reported August sales that showed some signs that the economic downturn was easing, but a late Labor Day holiday and muted consumer enthusiasm weighed on results in the key back-to-school season.
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Late Labor Day seen pulling down August sales

U.S. retailers are likely to get an incomplete mark for the key back-to-school season when they report August sales this week, as a later Labor Day is expected to pull some sales into September, pressuring August results.
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Sears posts surprise loss

Sears Holding Corp reported a surprise quarterly loss that dimmed investors' hopes that Chairman Eddie Lampert could succeed in turning around the struggling retailer.
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Sears posts surprise loss as housing woes weigh

Sears Holding Corp reported a quarterly loss on Thursday instead of the profit Wall Street was expecting as the retailer struggled to cut costs to keep up with falling revenues, and its shares fell nearly 13 percent.
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3 Vital Business Lessons from Tiger Wood's PGA Loss

You don't have to be a rabid golf fan to know that something just happened in professional golf that was unprecedented and unpredicted: Tiger Woods lost a major golf tournament after leading at the halfway point of thirty-six holes.
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BJ's Wholesale profit beats Street

BJ's Wholesale Club reported a higher-than-expected quarterly profit on Wednesday on improved margins, and the warehouse club operator raised its profit outlook for the year.
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Japan stocks at 10-month high after eurozone data

Japan's Nikkei share average rose to a 10-month high on Friday after upbeat eurozone growth data and positive earnings from the world's largest retailer helped offset gloomy U.S. retail and jobs data, factors which brought down the dollar.
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Kohl's '09 profit view weak, but Nordstrom raises

Department store operator Kohl's Corp gave a weak outlook for the rest of 2009 due to higher costs from new store openings, but upscale retailer Nordstrom Inc raised its profit view for the year and said recent sales trends were encouraging.
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Daily Wrap Up August 13 – Finance

California state controller said Thursday the state will stop issuing registered warrants or IOUs as payment on September 4, approximately a month earlier than originally planned. The decision came after last month's enactment of a revised budget that closed California's $24 billion deficit. Read the complete article here.
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Retail sales fall, new jobless claims rise

Americans shopped less in July and more signed up for jobless benefits last week in a double dose of bad news for the U.S. economy just a day after the Federal Reserve said it saw a leveling out of the slump.
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U.S. retail sales fall, new jobless claims rise

Americans shopped less in July and more signed up for jobless benefits last week in a double dose of bad news for the U.S. economy just a day after the Federal Reserve said it saw a leveling out of the slump.

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