MANAGEMENT

Wealthy Buyers Prop Up Sales At Saks, Michael Kors

Saks Fifth Avenue
Saks Inc. (NYSE: SKS) and Michael Kors Holdings Ltd. (NYSE: KORS) are both benefitting from wealthy consumers, offsetting global economic turmoil and an uncertain U.S. economy, the companies said Tuesday.

Kodak Patent Auction Goes Into Overtime

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Bankrupt imaging giant Eastman Kodak Co. (Pink: EKDKQ) said it extended the auction for its 1,100 patent portfolio beyond Monday’s deadline because it was talking to rival bidders. Citing “a complex and dynamic process,” the company didn’t disclose more information.
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A lone Kingfisher Airlines customer waits in a check-in queue at Mumbai's domestic airport

India's Kingfisher Airlines Reports 147% Increase In Losses

India's struggling private air carrier Kingfisher Airlines Saturday reported a 147 percent increase in its loss to 6.51 billion rupees for the quarter ending June 30, compared with a loss of 2.64 billion in the same period a year ago.
Anger Management

FX To Order 90 Episodes of ‘Anger Management’

“Anger Management” is expected to be renewed for another 90 episodes on the FX network. Lionsgate executives are predicting that the first season of the sitcom to be successful enough to warrant the lengthy extension to the series.
Flood Waters

Philippine Flood Death Toll Reaches 60, Over 2 Million Affected [PHOTOS]

The death toll from five days of torrential rains and subsequent floods in the Philippines climbed to 60 Friday while weather forecasts predict more rains across the main island of Luzon. Rescue and relief efforts are under way to help hundreds of thousands of people affected that crippled the capital Manila and surrounding areas.
Wheat grains

Russia Won't Stop Feeding The World, For Now

Russia's food security commission on Wednesday ruled out imposing a ban on grain exports, saying -- for now -- concerns that a serious drought will not cause one of the world's largest wheat producers to deliver a worldwide blow to the price of bread.
Standard Chartered Building

Standard Chartered Sparks Scrutiny of India Offshoring

Offshoring of back-office work to India, a trend among banks and accounting firms, came under new scrutiny with allegations that Standard Chartered Plc moved compliance oversight work dealing with Iranian banking transactions to India to avoid U.S. regulators.

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