Holiday Shopping Season News
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Microsoft Corp. is preparing an update for Windows 8 as new licensing figures indicate the new operating system isn’t fueling enough demand to reverse a slump in personal-computer sales.
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Jawbone, the maker of wireless audio and fitness-tracking devices, is buying BodyMedia Inc. for $110 million, according to people with knowledge of the deal’s price.
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Microsoft Corp. plans a “special unveiling” related to the Xbox, suggesting that the world’s biggest software maker use the event to introduce the latest version of its game console.
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U.S. stocks climbed, giving the Standard & Poor’s 500 Index its biggest weekly rally since June, after data showed German business confidence unexpectedly expanded and the American holiday shopping season began.
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Saudi Arabian shares rose for the first time in 11 days, snapping the longest losing streak in 20 months, as regional tensions eased and investors speculated the holiday shopping season in the U.S. will boost the economy.
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The following is the text of the Federal Reserve Board’s Fourth District-- Cleveland.
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Gap Inc., the biggest U.S. specialty-apparel retailer, rose after posting fourth-quarter profit that topped analysts’ estimates, fueled by its best holiday shopping season in six years.
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Inventories in the U.S. rose in November for a second month as companies worked to bring stockpiles in line with a pickup in demand at the start of the holiday shopping season.
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The following is the text of the Federal Reserve Board’s Third District-- Philadelphia.
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Sales at U.S. retailers probably rose in November as the holiday shopping season got under way and demand for automobiles rebounded after superstorm Sandy, economists said before a report this week.
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