WalMart, Sears, Macy's and other retailers are now doing their best to increase sales for the coming Christmas season.
Enterprise
British employer group recommends retention of EU membership
The Confederation of British Industry said they are campaigning for a reformed European Union for British interests.
Two Brazilian banks reducing risk with Grupo EBX developments
The collateral provided by Batista and Grupo EBX have helped reduce the bank exposure risk for Banco Santander Brasil and Itau Banco.
Profit of Berkshire Hathaway jumps 29% thanks to investment gains
Berkshire Hathaway reaped the gains from some of its past deals it made during the 2008 financial crisis.
Odisha Industries Federation petition for tax holiday and moratorium on bank payments
Odisha Industries Federation Vice Chairman for the South Zone Rajendra Kumar Mishra filed memoranda with government to intervene and grant tax holidays and moratorium on bank payments.
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Mark Zandi of Moody’s Analytics predicted that US nonfarm payrolls to be 100,000 and an unemployment rate to increase.
With the labor market down, private sector employers in the US had hired fewer workers for the past six months.
The US Federal Trade Commission (FTC) had given its approval for the planned consolidation of office supply retailers and rivals Office Depot Inc and OfficeMax Inc.
A Reuters report cited two sources who said that hotel operator Hilton Worldwide Inc would be launching its IPO sometime the first week of December.
Container Store Group Inc had planned to raise USD225 million during its IPO. Storage and organization products retailer Container Store Group Inc had laid out plans to sell USD225 million worth of shares in its US IPO.
The new manufacturing commitments for the US that would be announced by Wal-Mart and the US government were part of the retailer's USD50 billion investment pledge to the US economy.
Intel Corp. and Verizon Communications Inc are talking to about Intel's Web-TV. Intel Corp. , and Verizon Communications Inc. are having talks about possible takeover of Intel's TV delivery over the Internet, according to a report by Bloomberg.
CEO Jeremy Levin resigns from Teva, but board is confident they will find a permanent replacement. Jeremy Levin, chief executive officer of Teva Pharmaceutical Industries, would be stepping down effective immediately, according to a report by Reuters.
Leighton Holdings got sued by own shareholders after the latter claimed they were misled with financial projections.
