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Samsung reveals $7bn profit Friday, 5th October 2012
Samsung Electronics has reported a quarterly profit of USD 7.3 billion today, almost double last year’s figure, as strong sales of its Galaxy smartphone counterbalanced the fiscal impact of reduced orders for chips and screens from Apple Inc.
Best Buy founder begins negotiations for possible $11bn buyout Wednesday, 3rd October 2012
After leaving the company he founded in a storm of controversy earlier this year, it seems Richard Schulze is determined to press on with plans to buy out Best Buy, in a deal that could be worth USD 11 billion. In the months since his departure, Schulze has reportedly begun examining the books of the world’s largest consumer electronics chain, working with at least four private equity firms towards a potential USD 11 billion buyout.
Deflation increases in fashion retail, according to BRC Tuesday, 2nd October 2012
Fashion retailers have seen an increase in the rate of deflation over the last month, according to the British Retail Consortium.
Apple shifts five million iPhone 5s in first three days Tuesday, 25th September 2012
It has emerged that Apple sold an impressive five million iPhone 5s in the first three days after the product launched.
Foxconn shuts Chinese plant after 2,000-strong mass brawl Monday, 24th September 2012
Foxconn Technology Group has shut its Taiyuan plant in the north of China after a dispute between workers escalated in a 2,000-strong mass brawl in a dormitory, injuring 40.
Bank holiday spirit drives sales up 8.8% for John Lewis Friday, 31st August 2012
Photo credit: John Lewis Partnership Britain’s largest department store group saw an 8.8 per cent rise in sales in the week to 25 August, ending on a high after continued growth throughout the summer. "The bank holiday spirit drove a healthy...
John Lewis wraps its Oxford Street store for the Olympic Games