Asda, the U.K. supermarket chain owned by Wal-Mart Stores Inc., said it will continue to reduce prices on basic food products such as bread, milk and eggs to lure cash-starved shoppers away from discount rivals.
Wielding a hand-held scanner in the cramped stockroom of a John Lewis department store in East London, artist Neil Maclennan sorts through boxes and explains why he’d like to keep working with the company after his temporary holiday contract expires at the end of December.
Venezuelan President Hugo Chavez’s battle with cancer threatens $7 billion of subsidized oil exports that help prop up Cuba’s economy and contain inflation in Caribbean nations from Jamaica to the Bahamas.
Demand for U.S. durable goods other than transportation equipment unexpectedly dropped in August for a third consecutive month, signaling that slowdowns in business investment and exports will restrain the economic expansion.
Next Plc, the U.K.’s second-largest clothing retailer, increased its annual profit forecast after reporting first-half sales that rose more than analysts estimated, driven by a surge in online and catalog sales.