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Business - Surprise! Amazon opens online marketplace on rival Alibaba`s Tmall

Alibaba`s Tmall online marketplace for consumers in China plays host to retailers like Apple and Nike, which pay Alibaba a commission on all sales. Amazon decides to suck it up and join the list.>

Friday, March 06, 2015  21:39


Business - Staples sales miss estimates on weak demand, strong dollar

The outlook excludes costs related to the company`s $6.3 billion acquisition of smaller rival Office Depot Inc , which is being examined by the U.S. Federal Trade Commission. The anti-trust watchdog is widely expected to approve the deal, which would leave the United States with a single specialty office-supplies retailer to compete with big-box chains such as Wal-Mart Stores Inc and online retailers such as Inc that have been taking business from traditional office-supply retailers. Office Depot reported lower-than-expected sales last week and said it expected sales to drop this year. Staples forecast adjusted earnings of 16-18 cents per share for the current quarter ending April.

Friday, March 06, 2015  14:17


World - Greek PM seeks EU talks after ECB snub

Greek Prime Minister Alexis Tsipras has requested a meeting with European Commission chief Jean-Claude Juncker, a government source said Friday, after Athens got no help from the European Central Bank to address a cash squeeze. `The prime minister called Mr Juncker to arrange a meeting next week,` a government source said. German daily Sueddeutsche Zeitung had earlier reported that Tsipras had wanted to see Juncker today, but his request was turned down.

Friday, March 06, 2015  09:55


World - Harrison Ford `battered but OK` after LA plane crash

Hollywood star Harrison Ford was injured when the small plane he was flying suffered engine failure and crash-landed on a golf course outside Los Angeles, officials said. The 72-year-old `Indiana Jones` and `Star Wars` actor suffered multiple gashes to his head and was left bleeding after the crash of the vintage two-seater plane, according to the TMZ celebrity website. He is an incredibly strong man,` said Ford`s son Ben in a tweet. The striking yellow-silver plane -- which was left with its nose cone ripped open after the crash -- had just taken off from Santa Monica Airport.

Friday, March 06, 2015  10:14

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