Facebook Credits to Become Mandatory for Virtual Transactions

Facebook has said that all game developers on the social network must start accepting its Facebook Credits as payment, a step towards making the credits the default payment system on the social networking site.

Facebook Credits can be used to make pu…

McDonald’s to Boost Prices on Some Menu Items

McDonald’s will increase prices on some items in the U.S. this year in response to rising commodity prices that are boosting food costs, Chicago Breaking Business reported, citing remarks the company made on its earnings confer…

A Valentine’s Day Sales Forecast Retailers Should Love

Retailers should be swooning this year: Spending for the lover’s holiday is forecast to top $18.6 billion, a 5.8% jump in spending over 2010. That amounts to about $125 per person who buys a gift for that special someone.
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Struggling J.C. Penney to Shut Stores in Cost-Cutting Move

J.C. Penney (JCP) said it will close some of its department stores, call centers and outlet stores in a bid to cut costs.

The struggling retailer will shut five department stores in locations including Morrow, Ga., and West Dundee, Ill., the company …