Investing

H&M Confirms Reports Of New Store Chain Launch By 2013

Stockholm-based Hennes & Mauritz (H&M) has confirmed the launch of a new chain store by 2013 after posting a 13 percent rise in sales during the period Dec.1 and Feb. 29, 2012.

Best Buy Closing : Will Shut Down 50 Stores, Cut 400 Corporate Jobs; What Next?

Best Buy Co Inc announced Thursday that due to a mulish slither in sales at its US stores, the company decided to close 50 big box stores and cut as much as 400 jobs at its corporate headquarters in Richfield, Minnesota.

Kenya's Decade-long Property Boom Hits Trouble at Last

Pamela Onyambu went into the real estate business seven years ago to capitalise on a housing boom fuelled by Kenya's middle classes. Now she fears interest rates that have doubled in six months will wipe out any profit on her latest venture.