Investors applauded along with fashion editors yesterday when PPR SA's Bottega Veneta luxury label sent its fall collection down a Milan runway.
Toshiba said yesterday it will no longer develop, make or market HD DVD players and recorders, handing a victory to rival Blu-ray disc technology in the format battle for next-generation video.
Wal-Mart Stores Inc, the world's largest retailer, said fourth-quarter profit rose more than analysts estimated after it stepped up holiday discounts and added more brands of computers and flat-screen televisions.
Deutsche Post logistics and international mail head Frank Appel took over as chief executive and pledged to focus on its loss-making US business and retail bank Deutsche Postbank.
Shoprite Holdings Ltd, South Africa's largest food retailer by market value, said first-half profit rose 48 percent as employment increased and after a strike reduced year-earlier sales.
UK Prime Minister Gordon Brown faced a political and public backlash yesterday after his decision to take ailing bank Northern Rock Plc into public ownership, the first UK nationalization since the 1970s.
French bank Societe Generale, at the center of a huge trading scandal, began investigating trades executed by Jerome Kerviel months before his activities were exposed in January, the Financial Times reported.
German banks may face further writedowns given the difficult market situation, Deutsche Bank Chief Executive Josef Ackermann told Germany's Bild newspaper in an interview published yesterday.
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