Sears and Kmart to axe 120 stores
Shares in US retail giant Sears fall 23% as it announces plans to close up to 120 Sears and Kmart stores amid poor sales......
Japan urges nuclear rescue plan
Japan asks nuclear operator Tokyo Electric Power Company to consider temporary state control, as the company seeks extra funds to compensate disaster victims......
Steep falls for US house prices
US house prices fell further in October despite record low mortgage interest rates, according to new figures......
Italy fines Apple over guarantees
Italy's competition watchdog fines Apple 900,000 euros for failing to publicise shoppers' right to two-year guarantees......
Banks pile up record cash at ECB
The ECB reports receiving record cash deposits as Europe's banks remain nervous about lending to each other......
Oil refiner's $1bn credit freeze
Petroplus Holdings, Europe's largest independent oil refiner, sees its shares fall 40% after lenders freeze credit facilities worth $1bn......
China's GPS rival is switched on
Beijing's Beidou service begins offering location, navigation and timing data offering an alternative to the US's GPS network......
Japan set to ease arms export ban
Japan is to ease an arms export ban that has been in place since 1967, the top government spokesman confirms......
Hack victims face repeat attacks
Victims of a hack on US security think-tank Stratfor are warned not to offer public support to the company due to threats of further attacks......
Stores enjoy 'strong' sales day
Retailers report a strong trading day as hundreds of thousands of shoppers try to snap up bargains in the Boxing Day sales......
Japan and India eye currency pact
Japan and India are set to unveil a new currency swap agreement aimed at easing potential short-term liquidity problems......
Brazil's economy 'overtakes UK's'
Brazil has overtaken the UK as the world's sixth largest economy, the Centre for Economics and Business Research says......
China wins Afghanistan oil deal
China gains potential access to millions of barrels of oil as it wins a key approval for oil exploration in Afghanistan......
Cuba expands free-market reforms
Communist Cuba expands its free-market reforms, opening more of the retail services sector to small private businesses......
S Korea's consumer sentiment dips
South Korea's consumer confidence posts its biggest fall in nine months on growth concerns due to the eurozone debt crisis......
Man sued over Twitter followers
A man is being sued by his former employer after he left the company and took a 17,000-strong Twitter following with him......
Olympic stamps design is revealed
Sets of "everyday" first class stamps displaying the Olympic and Paralympic logos are to go on sale next week in shops around the UK......
Japan affirms $1.2tn draft budget
Japan affirms a draft version of its state budget for the next financial year as it cuts spending for the first time in six years......
China and Japan in currency deal
China and Japan unveil plans to promote the direct exchange of the yen and yuan to cut costs for companies and boost trade......
Saudi surplus beats expectations
Saudi Arabia posts a huge budget surplus for 2011 as income beats forecasts by more than double, official figures suggest......
Samsung buys out Sony LCD venture
Samsung Electronics agrees to buy out Sony's entire stake in their liquid crystal display joint venture for $938m (600m)......
Hackers hit US security company
Activist hacker group Anonymous says it has stolen thousands of emails, passwords and credit card details from US-based security firm Stratfor......
Buffett buys hometown newspaper
Berkshire Hathaway buys the Omaha World-Herald, the hometown newspaper of its chairman, Warren Buffett......
VIDEO: Gadgets that made waves in 2011
Rory Cellan-Jones reviews 2011's hottest technology gadgets with bloggers Stuart Miles and Kat Hannaford......
VIDEO: Are businesses using 'F-commerce'?
F-commerce means companies using social media like Facebook and Twitter to sell their products and services......
AUDIO: 'Euro is not to blame for crisis'
Investment guru Jim Rogers says the euro in itself is not to blame for the current European debt crisis.....
VIDEO: UK boost from Chinese tourism?
A growing number of Chinese tourists are contributing to the UK economy.....
VIDEO: Thousands queue for Boxing Day sales
Retailers are reporting a strong trading day as hundreds of thousands of shoppers snap up Boxing Day bargains......
VIDEO: 'We are people - don't forget us'
Women living in Spain, Greece and Ireland give an insight into their difficulties......
VIDEO: Tales from three booming economies
People living in the BRICS region describe what it is like to be working in booming economies......
Technology and business in 2012
Find out what the experts think 2012 will bring.....
How to protect your investments against volatility
How to protect your investments against volatility.....
Indonesia mulls rupiah redenomination
Indonesia mulls rupiah redenomination.....
VIDEO: Unwanted gifts: Your rights
Your rights regarding unwanted gifts.....
U.S. Day Ahead: Hopes for holiday shopping bonanza
Dec. 27 - Markets are likely to take a cue from a batch of retail data which should show how shoppers behaved in the run up to Christmas......
U.S. retailers offer huge discounts
Dec. 27 - U.S shoppers head out to stores looking for bargains after the Christmas holiday. Sasha Salama reports......
Trading at Noon: U.S. stocks see choppy trade on light volume
Dec. 27 - U.S. stocks seesawed on the release of economic data, as investors mostly stayed on the sidelines in a session expected to produce light volume......
Wine Rules: Tiny bubbles in the New Year
Dec. 27 - In this New Year's episode of Wine Rules, Food and Wine's Executive Wine Editor, Ray Isle, counts down with three stand-out sparkling wines......
Consumer confidence on the rise
Dec. 27 - Summary of business headlines: Consumer confidence rebounds; Online post-holiday sales jump; Sears holdings to close up to 120 stores; Housing prices fall-S&P Case/Shiller. Bobbi Rebell reports......
U.S. house prices not at "catastrophic" levels says Shiller
Dec. 27 - Yale University economist Robert Shiller says don't be depressed by the sharp fall in house prices in October's S&P/Case Shiller Index. He adds though expect a 1 percent decline in prices in 2012......
Looming Italian auctions keep markets on edge
Dec. 27 - Volumes are thin with London closed for a market holiday, while the prospect of Italian debt auctions on Wednesday and Thursday fuels euro zone worries......
Florence and the Machine open Harrods winter sale
Dec. 27 - Florence and the Machine set the tills ringing with a live performance as they become the first band to open the winter sale of London's Harrods department store. Edward Baran reports......
Morning Briefing: Sears Holdings closes up to 120 stores
Dec. 27 - Sears Holdings will close up to 120 Sears and Kmart stores after weak consumer electronics sales hurt results, and Putin promises transparent polls next year......
China tests 500kmph train
Dec. 27 - China unveils a 500 kilometre per hour train and a new high-speed rail link as it pushes its ambitious rail program forward. Lindsey Parietti reports......
U.S. Morning Call: Sears closing some stores, eye on housing
Dec. 27 - Sears Holdings expects to close 100-120 Sears and Kmart locations, and the S&P Case-Shiller House Price Index is expected to show a 3.2 percent decline in October, smaller than the previous month......
Honda destroys flood-damaged cars
Dec. 27 - Honda is scrapping more than 1,000 cars damaged in Thailand's massive flooding. Lindsey Parietti reports......
European equities eye Santa Claus rally
Dec. 27 - European equities find support as U.S data continue to support sentiment, but volumes are light with London shut for a public holiday......
Honda scraps flood-damaged Thai cars
Dec. 27 - Honda destroys flood affected Thai cars, making good on pledge not to use or sell vehicles and parts that were affected by the flood waters. Rough Cut (no reporter narration)......
Toyota's new Aqua covers over 35km per litre
Dec. 27 - Toyota launches world's most fuel-efficient hybrid, the Aqua, that it says will cover 35.4 km per litre of fuel. Arnold Gay reports......
Sony sells LCD stake; Shinhan buys Tomato Savings
Dec. 27 - Sony will sell its stake in an LCD JV with Samsung back to the Korean firm for $940 million; Shinhan agrees to buy Tomato Savings Bank. Arnold Gay reports......
Chocolate makers see a sweet future in China
Dec. 27 - Global chocolate makers ready their assault on Chinese taste buds, where per capita chocolate consumption is just 500 grams, compared to 11 kilograms for the Swiss. Jane Lee reports......
Two resign from Kodak board; represented KKR
Two Eastman Kodak <EK.N> directors resigned from the board last week, the struggling photography company said in a filing with U.S. regulators on Tuesday......
Dan Marino Congratulates Drew Brees via Twitter
On the last Monday Night Football game in 2011, Drew Brees broke the single-season record for most passing yards in a single season. Dan Marino, the former record holder, congratulated the Saints QB via Twitter......
Microsoft Mobile System Builds App Catalog to 50,000
As T-Mobile gets ready to bring the Nokia Lumia 710 smartphone to its lineup, the Microsoft system at the core of the device has seen its app store grow to 50,000 available apps. This is the number of apps published, and there have been around 6,000 .....
Sears closing more stores as holiday sales slide
Sears Holdings Corp will close as many as 120 of its Kmart and Sears discount and department stores after its holiday sales slumped, sending its shares sliding more than 27 percent to their lowest level in three years......
GSM phones vulnerable to hijack scams
Flaws in a widely used wireless technology could allow hackers to gain remote control of phones and instruct them to send text messages or make calls, according to an expert on mobile phone security......
The Only Four NYC Steakhouses You Need To Know
If youre looking for a steak in New York, its not hard to find. Some of the best restaurants from around the world are in this city, and likewise, the steakhouses are superb. Whether youre looking for a seared sirloin or a nice juicy cut of ribs, the.....
Golden Retriever Jams, Until Music Stops (VIDEO)
The video went viral because it shows that Bailey, the golden retriever, stops jamming when the guitar music stops. The guitar tunes were played by Arcoleo&s friend, and the video has garnered nearly one million views in only a matter of days. It&s e.....
SEC Employs New Tactics to Catch White Collar Criminals
The SEC is employing a host of new techniques in order to catch Wall Street crooks......
LCD makers settle price-fixing case for $553 million
Samsung Electronics Co, Sharp Corp and five other makers of liquid crystal displays agreed to pay more than $553 million to settle consumer and state regulatory claims that they conspired to fix prices for LCD panels in televisions, notebook computer.....
Sinead O'Connor ends fourth marriage after 16 days
Irish singer Sinead O&Connor has ended her fourth marriage after just 16 days, blaming pressure and disapproval from the family and friends of her new husband Barry Herridge......
Holland Taylor on life, love and Charlie Sheen
Holland Taylor offers no apologies for never settling down, getting married or having children......
Adele sells most albums in a year since 2004
That Adele&s '21' will rank as the year&s top-selling album is no surprise - the English singer-songwriter&s hits 'Rolling in the Deep' and 'Someone Like You' dominated playlists in 2011. What is surprising is that '21,' released by independent Briti.....
Russia's 2012 Presidential Elections: Who Can Beat Putin?
A number of candidates will show up in March to try to defeat Vladimir Putin, but will the real contender come from an established party or from a non-traditional place?.....
Detroit Police Face Potential Escort Serial Killer
Detroit police are mulling the prospects of dealing with a potential serial killer, after three of four women found dead in car trunks around the same area had placed ads for escort services on the same Web site......
14 New Year's Resolutions for 2012 and 7 Tips For How-To Keep Them
Jan. 1, 2012 is around the corner. Americans across the country take this time to reflect on the past year and decide what parts of themselves they hope to change and improve for the upcoming year. To embrace 2012, we took a look at the top 14 New Ye.....
Indie Box Office: Wim Wenders' "Pina" opens big
'Pina,' Wim Wenders& 3D documentary about dancer-choreographer Pina Bausch, opened to an impressive $88,399 at three New York locations over the weekend, leading the specialty market......
Animal Planet's "Whale Wars" renewed for fifth season
'Whale Wars' star Capt. Paul Watson and his Sea Shepherds are returning to Animal Planet for another whale defense campaign in June......
AMC renews "Hell on Wheels" for second season
AMC has renewed its second highest-rated show for a second season......
Dan Aykroyd joins 'Dog Fight' with Will Ferrell
Dan Aykroyd has joined Will Ferrell and Zach Galifianakis in the political comedy 'Dog Fight,' TheWrap has confirmed......
Thatcher's "Iron Lady" image softened by new movie
Making a film about an iconic politician like Britain&s Margaret Thatcher is akin to walking into a movie minefield, and casting an American -- even one as revered as Meryl Streep -- is asking for more trouble......
People says gay Taylor Lautner cover "100 percent fake"
People magazine said on Tuesday that a cover apparently featuring 'Twilight' actor Taylor Lautner coming out as a gay man was '100 percent fake.'.....
Is Maria Shriver Re-Thinking Ah-nuld Divorce?
Is Maria Shriver ready to continue the long tradition of Kennedy women who&ve forgiven their husbands& extracurricular activities?.....
Univision edges out networks on repeat-heavy night
If Univision has its way, the future will look a lot like last night: Aided by repeat-heavy slates on the Big 4 networks, the Spanish-language network edged out CBS for the highest overall ratings of the night......
L.A. Times Adds More Games to Website, Hoping to Boost Revenue
In a bid to boost its digital revenue, the Los Angeles Times has struck a deal with Arkadium, a major online game developer, to add more than two dozen games to that section of its Web site......
Thanks to Gaga, Adele, music business finally improves in 2011
Among musicians, 'flat' is a word you don&t want to hear. But to the industry, flat is truly music to everyone&s ears......
Ex-'SNL' Writer Joe Bodolai Dead in Apparent Suicide
Joe Bodolai -- who wrote for 'Saturday Night Live' for the 1981-1982 season and co-wrote the first draft of the 'Wayne&s World' movie with Mike Myers -- has died in an apparent suicide, according to various reports. He was 63......
Morgan Stanley to Cut 580 Jobs in New York City
Morgan Stanley (MS) will axe 580 jobs in various sites in New York City due to economic reasons. The rolling layoffs began on Dec. 15 and the company has not identified a closing date, company filings with the New York Department of Labor showed Tues.....
Autochartist - Daily Commodities Update: Brent Crude Oil
Brent Crude Oil futures are continuing to benefit from the rising tensions between Iran and the west, with Tuesday&s rally helping the technical outlook of the market conform to the otherwise news-driven backdrop. Brent surged above key resistance of.....
Warren Buffet Buys Hometown Newspaper in Omaha
The World-Herald has about 1,600 employees, including about 650 in Omaha......
Janet Hubert, Original Aunt Viv, Calls Will Smith an Hole
Janet Hubert, the woman who was the original Aunt Viv in the 'Fresh prince of Bel Air,' has made it clear that there will never be a reunion because she will not be working with 'an a-hole' like Will Smith......
Boom time for workers at the mining giants
New year, new job used to be the mantra for many, as January marked the start of the job-hunting season. Not any more, with the UK economy in the doldrums and people hanging on to their desks by their fingertips.<img width='1' height='1' src='http.....
Tracey McDermott: better behaviour in the City is the goal
Tracey McDermott is a mediator. It was, she says, a role that was thrust on her from an early age. "As the middle child that was always my job," she explains, adding with a grin: "If you think I'm determined you should see my sister."<img width='1.....
Russian police 'harassed BP critics'
Junior shareholders in BP's Russian joint venture have accused local police of pressuring them into withdrawing potentially damaging allegations relating to multi-billion dollar lawsuits against the oil major.<img width='1' height='1' src='http://.....
UK taxpayers shoulder 'subsidised stagnation' in housing sector
Britain's housebuilders are set for "subsidised stagnation" as the Government has failed to secure necessary action in exchange for supporting the sector, a think tank warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....
Pawnbroker Albemarle & Bond to create 300 jobs
Albemarle & Bond hailed "the age of the pawnbroker" on Tuesday as it unveiled plans to create 300 jobs by opening 25 new stores in 2012.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b4fcf5d/mf.gif' border=.....
Americans more upbeat about prospects despite global gloom
US consumers are ending the year in a more upbeat mood despite signs that the world's largest economy is yet to escape the global turmoil.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b4fd6f2/mf.gif' border='0.....
Smartphone and social media users: beware a new type of fraudster
New technology such as iPhones means there are new ways of swindling you.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b4d8901/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com.....
Nervous banks place record 411bn with ECB as eurozone woes continue
Fearful banks parked a record 411bn (344bn) with the European Central Bank (ECB) last night in a further sign that Europe's financial institutions are becoming increasingly wary of lending to each other.<img width='1' height='1' src='http://telegr.....
Dollar and yen higher in 2011 flight to safety
The dollar reasserted itself as the global reserve currency of choice in 2011, despite concerns about US debt.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b4cae31/mf.gif' border='0'/><br/><br/>.....
Batty ideas targeted in drive against red tape
The Telegraph's campaign to cut bureaucracy has been bearing fruit, with readers' complaints resulting in policy reform.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b4b014f/mf.gif' border='0'/><br/>&.....
China's sleeping giant is ready to wake up the West
"You have to concentrate!" exhort several Chinese voices all at once as I stare intensely at a giant 65in LCD flat screen TV. "You need to focus very hard! Keep concentrating! Harder!"<img width='1' height='1' src='http://telegraph.feedsportal.com.....
Hedge funds hammered in one of worst years on record
Hedge funds have suffered their second worst year on record as volatile markets, plunging commodities and political uncertainty torpedoed the investment plans of even the $2 trillion (1.28 trillion) sector's biggest stars.<img width='1' height='1'.....
Rises in taxes and bills cost families 5 a day
The rising cost of living and changes to the tax regime have cost middle-class families 1,650 since January, equivalent to almost 5 per day, research by The Daily Telegraph has revealed.<img width='1' height='1' src='http://telegraph.feedsportal.c.....
London & Stamford poised to offload Meadowhall
London & Stamford is preparing to sell its 50pc stake in Meadowhall, one of Britain's biggest shopping centres, in a deal that could raise up to 800m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b4aa764/m.....
Tiffany's takes a bite out of Coca-Cola's Big Apple dream offer
It is described by Coca-Cola as the chance of a lifetime - a dream trip to New York with flights, accommodation, a Broadway show and limousine transfers for two.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b4.....
Treasury plans for euro failure
The Government is considering plans to restrict the flow of money in and out of Britain to protect the economy in the event of a full-blown euro break-up.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b48c277/m.....
The business A to Z, 2011
The Daily Telegraph takes a light-hearted look at the major events of the year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b48c278/mf.gif' border='0'/><br/><br/><a href="http://da.feedsport.....
Bacteria unleashed in sewers to feast on Christmas dinner fat
Trillions of bacteria with a taste for turkey fat and cooking oil are being unleashed in sewers to eat the annual onslaught of Christmas dinner grease that risks blocking pipes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....
Spanish economy minister prepares for a recession
Spain's economy will shrink in the last quarter and faces a bleak outlook for the coming months, its new economy minister said on Monday, heightening fears of a fresh recession.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....
2011 business review: Dow provides sole reason for cheer amid stock market gloom
The only major global index to be higher now than at start of the 2011 is the Dow Jones Industrial Average, which is up 5pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b46113b/mf.gif' border='0'/><br/&.....
Shoppers hunt for bargains at Boxing Day sales
Bargain hunters are expected to flock to the sales in their millions on Monday as shoppers defy the retail gloom and head to the high street for Boxing Day deals.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b.....
US consumer confidence expected to grow
US consumer confidence is expected to rise to a five month high on Tuesday, amid signs that the world's largest economy continues to gain strength towards the end of 2011.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....
Family firm provides cracker of a Christmas
Swan Mill Paper boss David Byk explains the art of writing a festive joke.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b444c9e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....
Resurgent self-employment soars to 75-year high
Britain is witnessing a renaissance in self-employment on a scale not seen since the 1930s, the latest business figures show.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b442687/mf.gif' border='0'/><br/.....
Betfair hits out over legal action
Betfair has launched a withering attack on the British Horseracing Authority (BHA) and rival William Hill for pursuing a joint legal action that eats into the sport's already scant prize money.<img width='1' height='1' src='http://telegraph.feedsp.....
