Business

Best Buy Announces the Closings of 50 Stores in the US
By Marc I. Weber
April 17, 2012 - 3:52pm
After announcing the closings of stores last month, Best Buy has announced the 50 stores that will close and its future plans.

Electronics retailer Best Buy has unveiled the 50 stores it plans to close by the end of the year. The announcements were first made during its quarterly earnings on March 29, but there was no specific stores named. As well as close stores, the company also plans to cut 400 corporate jobs and trim $800 million in costs.

With the market dominated by online retailers like Amazon, Best Buy has been struggling to compete. The company faces slower sales of expensive items like televisions and now it tries to avoid the fate of Circuit City, which closed in 2009.

U.S Lawsuit Set to Decrease E-book Costs
By Rachel Leuthauser
April 12, 2012 - 1:09pm
With Apple and other top publishers being sued on antitrust charges, consumers will find cheaper e-books on Amazon.
Currently, the average price of an e-book is $14.99.  However, now that the United States made the decision to sue top publishers and Apple on price-fixing charges, that number is bound to decrease. 

The Internet retailer Amazon is now able to decide how much an e-book will cost and announced plans to decrease prices to $9.99,...

James Murdoch Steps Down As Executive Chairman of News International
By Jonathan Harris...
February 29, 2012 - 12:57pm
Son of Rupert Murdoch is still under scrutiny after phone-hacking scandal

Newsblog is reporting that James Murdoch will step down as Executive Chairman of News International. Murdoch plans to give all his energy to News Corp, which is expanding international television business. 

James Murdoch, son of Rupert Murdoch has been under loads of pressure since last summer following a phone-hacking scandal.