Google Buys Manhattan Building

The giant search engine doesn’t seem to do anything in a small way. In the biggest real estate deal for a single structure this year, the company is buying the third largest building in Manhattan at 111 Eighth Avenue.
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Asics to Offer Cheaper Shoes in Bid to Boost Sales

Asics Corp. (ASCCF) plans to start selling cheaper shoes in a bid to boost its sales.

Asics will start selling shoes with a recommended retail price of about $60. Previously, it sold running shoes priced between $75 and $125, leaving the lower end of…

Stocks Edge Higher to Eke Out Weekly Gains

Stocks closed slightly higher Friday after fluctuating most of the session as some better-than-expected quarterly earnings helped offset anxiety over China’s move to curb inflation.
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Adidas Aims to Overtake Nike

Adidas (ADDYY) aims to boost its sales to 17 billion euros ($24 billion) by 2015 as part of a strategy to overtake Nike (NKE) as the world’s largest sporting goods company.

“Our aspirations are to outperform total market growth … to outgrow our maj…

Five Retail Stocks Worth Putting on Your Shopping List

We started with Citi Investment Research’s top global retail picks for an “hourglass” recovery (benefiting retailers on the high and low ends). After drilling down into the fundamentals and valuations, here are our five favorit…