NEW YORK - Wal-Mart Stores Inc on Friday abandoned the flailing HD DVD format, potentially ending a war over next-generation DVDs as it joined Best Buy and Netflix in supporting rival Blu-ray technology.
ATLANTA - Top electronics retailer Best Buy Co cut its full-year outlook on Friday, saying fourth-quarter sales would miss its expectations as the softer United States economy hurt January store traffic, pushing its shares down 3 percent.
NEW YORK - The Dow and Nasdaq ended down on Friday on concerns about consumer spending after Best Buy warned that shopper traffic dropped off after the holidays and an index of consumer sentiment fell to a 16-year low.
NEW YORK - Wal-Mart Stores Inc has decided to exclusively sell high-definition DVDs in the Blu-Ray format, dealing what could be a crippling blow to the rival HD DVD technology backed by Toshiba Corp.
CHICAGO - Racing fans will have many questions
when the NASCAR season kicks off Sunday with the Daytona 500
race, but automakers only wonder whether the sport will retain
its popularity and keep driving vehicle sales.
NEW YORK - FGIC Corp, a bond insurer that has lost its top credit ratings, has told New York regulators it wants to split into two companies, a spokesman for the state insurance regulator has said on Friday.
BERLIN - Klaus Zumwinkel will resign as chief executive of German mail and logistics group Deutsche Post, the company has said on Friday, as a tax-dodging probe threatened to ensnare more rich Germans.
SEATTLE - Most of Yahoo Inc’s top institutional shareholders may be more interested in making sure Microsoft Corp does not overpay for the Web pioneer, because they have more money invested in the largeger software maker, a research report has said on Friday.