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Ethiopia cracks down on price-cap violators

Ethiopia has penalised retailers and suppliers in the capital who raised the prices of consumer goods such as bread by amounts higher than caps set in January, authorities said on Thursday.

Euro zone escalation fears ease after Spain auction

A sculpture showing the euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Spain and Italy staged successful bond sales on Thursday, easing concerns about an escalation of euro zone debt strife and buying the bloc's leaders more time to come up with a new package of anti-crisis measures.

Silver Rallies, Gold Investing Attractive Amid 2011's Race to the Bottom in World Currencies

2011 is shaping up as a race to the bottom for currency values, writes Harvard professor Kenneth Rogoff in today's Financial Times. No wonder gold has been so attractive.

Dixons 12-week like-for-like sales down 2 pct; sees FY pretax profit at lower end of view

Europe's second biggest electricals retailer Dixons Retail Plc on Thursday said its like-for-like sales for the 12-week period ended Jan 8, 2011, fell 2 percent as sales fell 1 percent in local currency due to adverse weather conditions in the run up to Christmas.

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Brazil's President Luiz Inacio Lula da Silva and President-elect Dilma Rousseff attend a ceremony in Brasilia

Brazil's Nov. retail sales rise even as inflation fears linger

Even as the rest of the world's efforts to push consumer spending and economic growth are floundering, Brazil reported a more-than-expected rise in retail sales during November.

Top labels Sony, Warner Music, EMI, Vivendi arm sued for piracy

Four big music labels namely, Sony, Warner Music, EMI, and a unit of Vivendi SA, the company behind Universal Music Group have been sued for infringing works of thousands of artists.

DC Universe Internet Game Hits Stores

Sony Online Entertainment announced the availability of online action game DC Universe Online that allows players to create their own superhero or villain while joining forces with their favorite DC Comics characters such as Superman, Batman and The Joker to aid in saving - or destroying - the planet.

Supervalu’s woes deepen

Shares of Supervalu (NYSE: SVU) are plunging this morning after the retail grocer posted a loss for the third quarter and slashed its full year profit outlook.

Reasons to invest in emerging market commercial real estate: Lynn

Dr. David Lynn, author of a book on commercial real estate investing in emerging market countries (specifically China, India and Brazil), shares his insights with IBTimes regarding why this class of asset is an attractive investment.

iGate to buy controlling stake in India's Patni for $1.22 bln

Nasdaq-listed iGate, owned by former marketing head of Infosys Phaneesh Murthy, on Monday said it has bought nearly 63 percent stake in India’s sixth biggest software exporter Patni Computer Systems for $1.22 billion in shares.

The Debenhams store is seen on Oxford Street, in central London

Debenhams says bad weather hits LFL sales

UK department store chain Debenhams Plc said bad weather in December impacted like-for-like sales by 2.5 percent to 3.0 percent for the 19 weeks to January 8.

Interview: BB&T CEO Kelly King on taking advantage of the financial crisis

BB&T CEO Kelly King speaks to IBTimes about taking advantage of the financial crisis (because of its status as a healthy bank) and the difference between BB&T and national banks like Citigroup.

Toyota Motor to recall 51,000 Tundra trucks

Toyota Motor US sales down 2 pct in Dec

Toyota Motor U.S.A., Inc., today reported December sales results of 177,488 units, a decrease of 2.0 percent from the same period last year.

Dell Unveils Streak Tablet With T-Mobile

Dell’s new 7-inch tablet would have to show its worth among other 7-inch tablets that are already gaining a foothold in the tablet PC world. Dell Streak 7 has to face off with Samsung Galaxy Tab, BlackBerry Playbook, Archos 70, ViewSonic ViewPad 7 and OpenPeak’s Open Tablet 7.

Dell Rolls Out Streak 7 Android Tablet, Venue Phone

Dell, known for its laptop and desktops, has launched a new Android 2.2-based touchscreen tablet computer Streak 7, expanding its mobility portfolio. The computer giant also showcased a new smartphone, the Venue.

Inside The CES: The Future Of Retail by Alcatel-Lucent

Alcatel Lucent's ng Connect program is looking to reshape retail with LTE technology.

Plight of SuperValu highlights struggles of grocery retailers

Shares of grocery retailer SuperValu (NYSE: SVU) have plunged almost 25 percent since mid-October amidst an increasingly difficult environment for food retailers.

US stocks open flat after jobs, retail sales data

U.S. stocks opened flat in early trade on Thursday, following weaker-than-expected weekly jobless claims and December retail sales data.

Shoppers Spent $32.6 Bln In 2010 Holiday Season: comScore

Research firm comScore said online spending in the United States rose 12 percent to $32.6 billion for the entire November-December 2010 holiday shopping season, thanks to an exceptional Cyber Monday and the impact of free shipping.

Robert W. Baird Recommends Purchase of Auto Stocks

Robert W. Baird recommended purchase of auto stocks. The brokerage's top ideas for auto stocks are: Gentex Corp. (GNTX) and Johnson Controls Inc. (JCI).

Hollywood studios endorse Ultraviolet format

Lionsgate Entertainment, Paramount Pictures, Sony Pictures Entertainment, Twentieth Century Fox, Universal Pictures and Warner Bros. Entertainment Inc. to offer UltraViolet Content in 2011

The Wall Street sign is seen outside the New York Stock Exchange

Retail investors slowly, cautiously getting back into stock market

We are starting to see retail investors wade back into equities, given that the allure of bonds has virtually dried up and the economic recovery seems to have some traction.

A Chevron tanker truck unloads gasoline into underground storage tanks in Burbank

Can US drill its way to low gasoline prices?

Former Shell Oil CEO John Hofmeister's prediction a fortnight ago that retail gasoline prices would hit $5 per gallon by 2015 has gone viral since then, drawing attention largely on the U.S. drilling policies but also spooking consumers and polarizing analysts in the process.

Amazon announces Kindle apps for Android and Windows tablets ahead of Google Edition's launch

Amazon announced that its Kindle apps will now be available for Android and Windows based tablets as part of its Buy Once, Read Everywhere strategy.

Pre-Market NASDAQ Movers (XING, GLUU, KUTV, NVDA, MVIS, TKLC, LOGI, ASML, SPIL, SVA)

The top pre-market NASDAQ stock market gainers are: Qiao Xing Universal Resources, Glu Mobile, Ku6 Media, NVIDIA, Microvision, and Atheros Communications. The top pre-market NASDAQ stock market losers are: Tekelec, Logitech International, ASML Holding, Siliconware Precision Industries, and Sinovac Biotech.