Palm to Close Retail Stores
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Palm plans to close its retail stores in an effort to focus on fewer programs and to compete better, the company says.
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Circuit City Stores Inc. , the target of a $3.3 billion takeover bid by Boston-based Highfields Capital Management LP, plans to close 19 US stores, a warehouse, and five regional offices, eliminating as many as 973 jobs.
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The layoffs come as Motorola completes the spinoff of its semiconductor division. Also: Akimbo Systems signs a deal for content from Time Warner's Turner Broadcasting System & hellip;. PalmSource introduces a smart phone operating system & hellip;. and more.
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Business & money: The owner of retail chains including Currys and PC World is to stop selling analogue television sets
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CheckUps, a start-up operator of walk-in medical clinics, has shut down 23 of the clinics operating in Wal-Mart stores in Florida and three other Southern states.
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SAN DIEGO -- Saks Fifth Avenue Enterprises announced Friday it intends to close eight Saks Fifth Avenue stores nationwide, including the La Jolla location.
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Palm Inc., the troubled maker of Treo smart phones, laid off about 10 percent of its work force this week to cut expenses, according to a person familiar with the situation.
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The UK's largest brewer announces it is closing its operation in Berkshire putting 362 jobs there at risk.
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Dollar General Corp., the largest US retailer by number of stores, plans to close more than 400 locations next year and record expenses of about $138 million following two straight quarters of falling profit.
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Shipments of devices running the Palm OS have declined sharply, researcher says.
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Saks Fifth Avenue Enterprises is closing an 84,000-square foot Saks Fifth Avenue store in the Minneapolis, Minn. Nicollet Mall in January.
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Blog: Apple has announced that its retail stores will close from 2 to 6 p.m. on Friday ahead of the "iPhone World Premiere" from 6 p.m. to midnight.
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BenQ Mobile is closing down a handset facility in Taiwan amid an ongoing restructuring of its operations, calling reported plans to outsource production altogether "speculation."
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Circuit City Stores Inc., the nation's No. 2 chain of consumer electronics stores, said Wednesday it will close 19 superstores, five regional offices and a distribution center by the month's end as it attempts to improve its lagging finances.
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The computer retailer plans to shutter 126 stores, and greedy geeks get ready to snag some bargains. In Gadget Lab.
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Record sales, but numbers still down Palm is still losing money, despite the Centro selling in record numbers (for Palm). The company lost $9.6m in the three months to 30 November, on revenues which are down 11 per cent on last year to $349 million.â¦
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Ailing electronics retailer Circuit City Stores Inc. yesterday said it would close 19 stores, five regional offices and a distribution center, launching a major cost-cutting campaign just one day after disclosing it has become the subject of a takeover bid.