A survey by the Consumer Electronics Association said only 31% of shoppers that were surveyed has plans to buy consumer-electronics products this coming Black Friday. CEA said technology gadgets are the second-most coveted items after clothing during the said shopping period.
Regions
Aeropostale adopts poison pill as buyout firms eye takeover this holiday season
American casual apparel and accessories retailer Aeropostale on Tuesday adopted a poison pill. The struggling teen retailer, however, said that the move was not meant to deter potential suitors.
Shoppers warn boycott of stores opening early for Black Friday- report
Irate shoppers say they will not be spending a dime on stores that will open early as early as 6 A.M. on Thanksgiving for Black Friday and threatening a boycott.
Philippines' Banco de Oro raises PHP5 billion through high-yield deposit offer
Banco de Oro (BDO), the top lender in the Philippines, has successfully completed a PHP5 billion fundraising through an offering of high-yield deposits to retail and institutional investors.
Mulally, Nadella are top contenders for Microsoft CEO- sources
Sources interviewed by Bloomberg said the Microsoft Board had favored Ford CEO Alan Mulally and internal executive Satya Nadella as the front runners to lead Microsoft.
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The market has quieted a day before the US Thanksgiving, but retail stocks Barnes & Noble, Crocs, and Rite Aid are still making waves all over the world.
Australia-based IDP Education, the world's largest provider of international student placement, is considering the sale of its shares through an initial public offering (IPO) in 2014.
Virtual currencies are all the rage these days, with Bitcoin at the lead. A report on The Irish Times examined the other solutions that the digital money could provide.
Specialty Fashion Group, the biggest women's fashion seller in Australia, bought the Rivers clothing brand for USD5 million and plans to increase the number the Rivers outlets from 160 to 220.
American private equity firm KKR & Co LP reportedly agreed to commit USD200 million in Indian injectables manufacturing company Gland Pharma. The deal could put the company's valuation around USD600 million to USD650 million.
The Bitcoin is doomed to fail because it is private money. This was the view expressed by Edward Hadas, the economics editor of Reuters' Breakingviews.
Hong Kong-based Shuanghui International Holdings intends to offer a counter bid for Spanish meat processor Campofrio. Mexican food company Sigma Alimentos earlier offered Campofrio a takeover deal worth EUR695 million.
Australia-based gas and oil explorer Octanex said the main reason for its merger with Peak Oil & Gas was the latter's access to exploration projects in the Philippines and in Indonesia.
Charter Communications Inc is raising USD25 billion in debt to fund the acquisition of Time Warner Cable Inc, according to a source familiar with the matter.
