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22 May | 06:13 AM | Guardian | UK News
Microsoft revealed a new Xbox console on Tuesday that not only integrates TV, internet and gaming, but also will measure your heartbeat and recognise your voice. The company said the Xbox One will revolutionise its users' lifestyles by integrating the cloud, voice control and gesture technology into a simple, intuitive machine. "It changes everything," Marc Whitten, an Xbox executive, told a packed hall of technology journalists at the company's campus in Redmond, Washington.
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Australia's Westfield Group is in talks to sell seven U.S. shopping malls to private real estate investment company Starwood Capital Group for more than $1 billion, a source said on Wednesday. The discussions between Westfield, the world's second-largest shopping mall owner, and Starwood are at an early stage, said the source, who had knowledge of the discussions but who was not authorised to speak publicly about the matter. |
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Hundreds of jobs could go at Waterstones after the retailer launched a consultation with 560 managers as it seeks to slash costs and "secure the future" of the UK's last nationwide book chain. The 284-store retailer, which employs 4,000 staff in stores and head office, partly blamed "unforgiving" trading conditions for the consultation but said the restructuring would help put more emphasis on "traditional shop-floor bookselling". |
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Despite immense public support, Victoria's Secret will not manufacture a mastectomy bra, the company said Monday. "Through our research, we have learned that fitting and selling mastectomy bras in the right way...a way that is beneficial to women is complicated and truly a science. As a result, we believe that the best way for us to make an impact for our customers is to continue funding cancer research," Victoria's Secret said in a statement. |
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Best Buy Co on Tuesday reported a loss for its fiscal first quarter, as it planned to sell its stake in Best Buy Europe and worked on a turnaround plan that includes cutting costs and closing some stores. The company's adjusted earnings beat Wall Street expectations, as cost cuts helped offset tough pricing competition during the quarter. Nonetheless, shares fell 5% in midday trading. Best Buy has been working on a turnaround plan as it faces increased competition from online retailers and discount stores. |
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The clothing and interiors retailer Laura Ashley is to pay shareholders a £3.6m dividend to commemorate its 60th anniversary. The company said it will pay the special interim dividend of 0.5p per share to “show our appreciation to the shareholders for their continued support”. The dividend will mean a pay-out for the Malaysian investors that control around 60pc of the company. |
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While many firms based in southern Europe are finding business tough, the designer label Giorgio Armani is continuing to thrive. Sales at Armani's fashion house rose 16% to €2bn in 2012, faster than a year earlier thanks to growth in all geographical regions and after the opening of 104 new shops worldwide, taking the total to more than 2,200. Sales in China slowed slightly but still rose nearly 40%, and operating profits climbed 20% to €340m. |
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