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• Craigslist Sues EBay and Alleges Corporate Spy Plan

  By Eric Auchard SAN FRANCISCO (Reuters UK) - Online classifieds leader Craigslist.com filed a countersuit on Tuesday against business rival eBay (EBAY), alleging eBay had used its minority stake in Craigslist to steal corporate trade secrets. In a lawsuit filed in California Superior Court in San...

  Tue May 13, 2008 @ 2:15 PM PDT

  Tags: Craigslist, eBay Inc., Kijiji, Financial Accounting, Finance, Google Inc., Oukbs

• Asda Shows Strong Growth

  By Rachel Sanderson LONDON (Reuters UK) - Wal-Mart Stores (WMT) said on Tuesday Asda had delivered a strong first quarter thanks to an increase in customer traffic driven by lower prices and discount campaigns. Like-for-like sales excluding petrol and stripping out an early Easter and...

  Tue May 13, 2008 @ 7:02 AM PDT

  Tags: Wal-Mart Stores Inc., Sales Strategy, Sales Force Management, Sales, Oukbs, Tractor Supply Co.

• Stock Futures Lower on Banks, Wal-Mart

  By Kristina Cooke NEW YORK (Reuters) - Stock index futures fell on Tuesday after Oppenheimer & Co slashed its price targets on a number of brokerages and on concern about Wal-Mart Stores Inc's (WMT) outlook. A number of Federal Reserve speakers will be...

  Tue May 13, 2008 @ 5:36 AM PDT

  Tags: Bank, Wal-Mart Stores Inc., Stock, Inflation, Windham Financial Services, Goldman Sachs & Co., Lehman Brothers Holdings Inc., Merrill Lynch & Co. Inc., Morgan Stanley, US

• Wal-Mart Profit Up, But Shares Fall

  NEW YORK (Reuters) - Wal-Mart Stores Inc (WMT), the world's largest retailer, reported a 7 percent rise in quarterly profit on Tuesday as discounts drew U.S. shoppers looking for bargains on necessities like food and pharmacy items. While Wal-Mart said the...

  Tue May 13, 2008 @ 5:13 AM PDT

  Tags: Wal-Mart Stores Inc., Sales Strategy, Food & Beverage, Sales Force Management, Currency & Foreign Exchange, Sales, Target Corp., US

• Liz Claiborne Reports Net Loss

  NEW YORK (Reuters) - Clothing maker Liz Claiborne Inc (LIZ) reported a quarterly net loss on Tuesday, versus a year-earlier profit, hurt by expenses related to exiting some brands and operations that are now discontinued. The company, whose brands include Juicy Couture, Kate...

  Tue May 13, 2008 @ 5:09 AM PDT

  Tags: Brand, Operation, Branding, Marketing, Liz Claiborne Inc.

• Wal-Mart Quarterly Profit Rises

  NEW YORK (Reuters) - Wal-Mart Stores Inc (WMT), the world's largest retailer, reported higher quarterly profit on Tuesday as discounts drew U.S. shoppers looking for bargains on necessities like food and pharmacy items. Net income rose to $3.02 billion, or 76 cents per...

  Tue May 13, 2008 @ 3:30 AM PDT

  Tags: Wal-Mart Stores Inc., Quarterly Profit, Food & Beverage, Manufacturing, Target Corp.

• Babcock Says Outlook Positive

  LONDON (Reuters UK) - British support services company Babcock International Group (BAB) reported on Tuesday a 53 percent rise in annual profit and said the outlook for the year was positive. The biggest supplier of services to the Royal Navy posted adjusted pretax profit of...

  Tue May 13, 2008 @ 2:00 AM PDT

  Tags: Babcock, Microsoft Outlook, Financial Accounting, Mergers & Acquisitions, Best Buy Co. Inc., British Airways Plc., KBR Inc., Pound

• Woolworths Buys $57m Stake in Pub Owner

  Australia's biggest grocer Woolworths Ltd bought a strategic stake in pub owner Australian Leisure and Entertainment Property Group (ALE) for $57 million in cash.Woolworths paid Hedley Leisure & Property Trust (HLG) $3.34 per security for the 19.9 per cent interest in ALE, the Sydney-headquartered supermarket company said in a...

  Mon May 12, 2008 @ 6:28 PM PDT

  Tags: Australian Associated Press Pty Ltd., Woolworths, Food & Beverage, Security, Manufacturing, AAP

• AnnTaylor Shares Jump on Raised Forecast

  By Martinne Geller NEW YORK (Reuters) - AnnTaylor Stores Corp (ANN) raised its first-quarter earnings forecast on Monday, citing lower inventories and improvement at its LOFT chain, sending shares of the women's clothing retailer up 11.5 percent. But the company expressed caution about...

  Mon May 12, 2008 @ 7:15 AM PDT

  Tags: AnnTaylor Stores Corp., Sales Strategy, Financial Accounting, Sales, Finance

• So You Want to Negotiate with Wal-Mart

  Wal-Mart is the kind of partner-distributor that can put your products on the map, not to mention in the black. But if you are lucky enough to land an agreement with the world's largest retailer, your work is only beginning. Now you have to negotiate terms, The...

  Mon May 12, 2008 @ 5:10 AM PDT

  Tags: Wal-Mart Stores Inc., Retail, Strategy, Management, Sean Silverthorne

• Circuit City opens books to Blockbuster and Icahn

  Circuit City will let Blockbuster conduct due diligence for a possible takeover deal, having received a letter of commitment from the rental giant's largest shareholder, US billionaire Carl Icahn. In the letter, Icahn writes he is ready to buy the electronics retailer in case Blockbuster fails to raise sufficient...

  Mon May 12, 2008 @ 12:00 AM PDT

  Tags: Circuit City Stores Inc., Blockbuster Inc., Goldman Sachs & Co.

• Marks & Spencer's Rose Faces Tougher Challenge

  By Rachel Sanderson and Laurence Fletcher LONDON (Reuters UK) - Stuart Rose, chief executive of retailer Marks and Spencer (MKS), will face tough questions when he takes to the stage at the company's annual results event on May 20. In past years he's experienced a level...

  Sun May 11, 2008 @ 5:30 AM PDT

  Tags: Retail Company, Marks & Spencer, CEO, M&S, Retail, Corporate Governance, Corporate Law, Business Operations

• Circuit City to Open Its Books to Blockbuster

  By Karen Jacobs ATLANTA (Reuters) - Circuit City Stores Inc (CC) on Friday reversed course and said it would open its books to suitor Blockbuster Inc (BBI) and the movie-rental company's largest shareholder, billionaire investor Carl Icahn. The electronics chain also said Goldman...

  Fri May 9, 2008 @ 10:15 AM PDT

  Tags: Financial accounting, Investment, Circuit City Stores Inc., Blockbuster Inc., Carl Icahn, suitor, diligence, electronics, Atlanta, financing, shareholder, movie, analyst, hedge fund, Thomson Reuters Corp., quarterly profit, stock, merger, finance, worker, agreement, board, sal

• Hunter Strikes Back at Tesco in Garden Centre War

  LONDON (Reuters UK) - Scotland's richest man struck back against a move by Tesco to strengthen its grip on Dobbies Garden Centres (DGC), seeking a court order to block a planned rights issue that could dilute his stake. Dobbies said on Friday that Tom Hunter's West...

  Fri May 9, 2008 @ 2:01 AM PDT

  Tags: Britain, DGSE Companies Inc., Mergers & Acquisitions, Retail, Scotland, Tesco, Tractor Supply Co., West Coast Capital

• MySpace partners with Yahoo!, eBay and Twitter for ?data availability’

  MySpace is announcing a ?data availability’ initiative that will see users able to share their MySpace data across a series of partner sites, including Yahoo!, eBay, Twitter and Photobucket. Although the move does not represent full data portability, with MySpace a member of the Data Portability...

  Fri May 9, 2008 @ 12:00 AM PDT

  Tags: Yahoo! Inc., eBay Inc., Twitter, MySpace

• MySpace to share data with Yahoo!, eBay, Twitter and more

  MySpace is partnering with sites including Yahoo!, eBay, Twitter and Photobucket to share its data across the different networks. The 'data availability' initiative is the social network's first step in supporting full data portability, which uses open source standards to allow free sharing and use of different data and...

  Fri May 9, 2008 @ 12:00 AM PDT

  Tags: Yahoo! Inc., eBay Inc., Twitter, MySpace

• MySpace to Let Users Share Profile Across the Net

  By Kenneth Li NEW YORK (Reuters) - News Corp's (NWSa) MySpace social network will let users choose to share their public profile information, such as pictures, videos, and text, across the Web to spread its service beyond its own borders. At launch, the...

  Thu May 8, 2008 @ 1:30 PM PDT

  Tags: MySpace, Facebook, Rupert Murdoch, social networking, Fox Interactive Media, online auction, San Francisco, News Corp., Skype Technologies S.A., eBay Inc., developer, blog, network, cable television, Thomson Reuters Corp., partnership, IM, TV, team, cable, Internet, Web

• Teen Shopping Buoys Same-store Sales

  By Alexandria Sage LOS ANGELES (Reuters) - Teen retailers in the United States proved a bright spot in April, as young men and women bucked the recent consumer saving trend affecting the apparel industry to shop and spend as the weather warmed up....

  Thu May 8, 2008 @ 11:45 AM PDT

  Tags: Retail, same-store sales, Abercrombie & Fitch Co., retail company, bright spot, women, Los Angeles, JIT, housing market, analyst, U.S., cold calling, Thomson Reuters Corp., sales, financial

• Shoppers Went For Bargains in April Rebound

  By Justin Grant NEW YORK (Reuters) - Retail sales rebounded in April after the worst March in 13 years, as warmer weather boosted demand for spring and summer apparel, while most discounters shined as cash-strapped consumers hunted for bargains. April sales at U.S....

  Thu May 8, 2008 @ 11:15 AM PDT

  Tags: Retail, Sales strategy, same-store sales, gasoline, retail company, bargain, Wal-Mart Stores Inc., Thomson Reuters Corp., sales, analyst, inflation, New York, U.S., food

• Best Buy Enters Europe With Carphone Retail Venture

  By Kate Holton LONDON (Reuters UK) - U.S.-based Best Buy (BBY), the world's biggest electronics retailer, is to pay $2.1 billion (1 billion pounds) for half of Carphone Warehouse Group's (CPW) retail business to take on the European consumer electricals market. The deal creates a joint...

  Thu May 8, 2008 @ 9:46 AM PDT

  Tags: Best Buy Co. Inc., Electronics, Carphone Warehouse Group, Consumer Electronics, Personal Technology, Orchids Paper Products Co., Oukbs

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