BUSINESS

America's Sears to Close Down 120 Stores Soon

Sears chief executive Lou D'Ambrosio announced on Tuesday that up to 120 Sears and the iconic Kmart stores will close shop soon, citing that the outlets targeted for shutting down failed to generate "the results we were seeking during the holiday."
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Rio Tinto Extends Offer for Hathor Exploration Shares Until Jan 6

Mining giant Rio Tinto (ASX: RIO) announced on Thursday that it has extended its offer to purchase Hathor Exploration shares to 5 p.m. of Jan 6, 2012. The offer, made through an indirect wholly-owned Rio subsidiary in Canada, is for C$4.70 in cash per common share.

Brazil Inches Further with Economic Growth, Surpasses UK

Declining Euro economies have catapulted Brazil past the United Kingdom this year, placing number six on the strength of the former's rising trade partnerships with growing Asian economies, mostly led by China, Japan and India.

Smartphones Helped More Shoppers be Savvy

Gone are the days where the use of smartphones was limited to “geeks”. Nowadays, shoppers are now utilizing the potential of smartphones as a tool to help them get through their shopping needs.

Sony: We Didn’t Apologize for PS Vita Bugs

Sony Corp. has denied news reports that the company has apologized for the glitches with its newest console the PlayStation Vita. According to Sony, there was no evidence of widespread bugs on the Vita and that the reports about Sony apologizing were not true.

No More CES Events for Microsoft After 2012

No more Steve Ballmer talks and antics on future CES gatherings as Microsoft has decided to pull out from the yearly showcase of new electronic products, making the Las Vegas show on January 2012 the last for the software giant.

Australian Stock Market Report - Afternoon 12/23/2011

Finally some Christmas cheer for investors, with the stock market closing higher on the last trading day before the break. It was a shortened trading day, the market closed at 2pm AEDT. The All Ordinaries Index (XAO) added 49.9pts or 1.2pct to 4192 while the S&P/ASX 200 Index (XJO) was firmer by 496pts or 1.2pct to 4140.4.

Report: Galaxy Tab Soon to Hit Germany

Samsung has won the favor of courts in Australia and the United States for its Galaxy devices to hit the market and soon enough, according to reports, the South Korean firm may win the nod of the German court.

Next Weeks At A Glance

By Rudi Filapek-Vandyck, Editor FNArenaLet's start with the good news: most of you are already on holidays (I can tell by the many emails returning this morning) and the share market is trying its best to put a positive end to what has been an extra-ordinary year, in my view.

Steel Price Upturn Expected In 2012

- Global steel price upturn expected early in 2012- Market conditions not uniform- US seeing some price increases, Western Europe market weak- Asian markets mixedBy Chris ShawIn the view of steel industry consultant MEPS, a global steel price upturn is expected early in 2012.

Australian Stock Market Report - Afternoon 12/22/2011

Local stocks once again ended in the red today, as investors remain cautious about buying equities in the lead up to the end of the calendar year and due to more uncertainty in the Eurozone. The All Ordinaries Index (XAO) closed down 48pts or 1.2pct to 4142.8 while the S&P/ASX 200 Index (XJO) fell 48.7pts or 1.2pct to 4090.8.

Are We Ready to Live in Homes Designed to Counter Floods?

The changing climate has made it more difficult to predict weather patterns that could either be damaging to life and property. Some architects from the U.S. and Asia have devised the latest of designs in order for homes to withstand the wrath of Mother Nature.

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