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Sears Holdings narrows 2nd-quarter loss; revenue dips slightly

Sears Holdings Corp. cut its second-quarter loss by more than half as profit margins perked up at its Kmart chain, the retailer said Thursday. For the three months that ended in late July, the owner of Sears and Kmart lost $39 million, or 35 cents per share. That's better than last ...

Asia-Pacific consumers are the world's most prolific online shoppers and many rely on Internet reviews when making purchases, research firm Nielsen said Tuesday. The firm said 35 percent of consumers in the region used over 11 percent of their monthly spending to make online purchases, compared to a global average of 27 percent of consumers. South Koreans were ...

Man holds several people hostage in clothing store in German city of Leipzig

Police say an armed man is holding several people hostage in a clothing store in the German city of Leipzig. Police spokeswoman Uta Barthel told The Associated Press Tuesday the man is threatening his hostages with a weapon. She had no further information about the weapon. She ...

Weekslong Bangkok protests have mall owners, shopaholics seeing "red"

Bangkok's shopaholics are suffering withdrawal symptoms while some of Asia's fanciest department stores are seeing red — on their balance sheets and all around them as so-called Red Shirt protesters continue a crippling, weekslong occupation of the Thai capital's prime commercial district. If the aim of the largely rural ...

Amazon to report 1st-qtr earnings after the closing bell, analysts expect strong growth

Amazon.com Inc. is scheduled to report its first-quarter results Thursday after the market closes. The online retailer has been a strong performer despite the gloomy economy, and analysts expect the company to have shone once again in the first three months of the year. Analysts polled ...

Thai troops move in on "red shirts," firing in air

BANGKOK (Reuters) - Thai troops fired in the air above thousands of "red shirt" protesters Saturday in the biggest confrontation in the month-long opposition campaign for new elections, a Reuters photographer said. Army spokesman Sansern Kaewkamnerd said troops had been ordered to "reclaim" the Phan Fah bridge and Rajdumnoen Road area in Bangkok, near several government and army buildings. Soldiers had ...

Selena Gomez launches clothing, accessories line at Kmart; collection in stores in July

Selena Gomez will launch a line of clothing at Kmart stores this summer. Gomez, 17, stars in Disney Channel's "Wizards of Waverly Place." The "Dream Out Loud" collection, aimed at teenagers, will go in sale in late July, just in time for the back-to-school shopping season ...

Mall capital of Asia: When in the Philippines, never mind the beaches _ go shopping

The Philippines is known for many things: beautiful beaches, overseas workers and the multitude of shoes owned by former first lady Imelda Marcos. But less known to the West is that the archipelago is a shoppers' dream, the home of three of the world's ...

Business, personal woes continue for Idaho missionary detained in Haiti over orphanage plan

As an Idaho woman sits in a jail in Haiti, her Internet business is closing and her ex-husband is seeking sole custody of their 5-year-old daughter and 15-year-old son. Terry Silsby also has asked the courts to demand immediate return of his children's passports and require ...

Shopping gets a conscience in Asia Pacific: survey

SINGAPORE (Reuters Life!) - Commercialism is developing a conscience in the Asia Pacific region, where over six in 10 shoppers are buying items that are either "fair trade" or environmentally friendly, a survey shows. The MasterCard poll, which involved more 3,500 consumers in 13 markets in the region in late 2009, also found 70 percent of respondents said they would ...

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