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Shoppers leave with check out with their purchases from the Best Buy store in Westbury, New YorkBy Nandita Bose CHICAGO (Reuters) - Sales at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday were down slightly from last year, but the performance was still seen as strong in a holiday shopping season where discounts spread well beyond the weekend and many shoppers moved to the web. Online sales were up by double digits, according to data released on Saturday. Data from analytics firm RetailNext showed overall sales for both days fell 1.5 percent on flat customer traffic, while average spending per shopper dropped 1.4 percent.

11/28/2015 4:43:43 PM

A traffic light shows red next to the Volkswagen factory in WolfsburgVolkswagen's top executives knew a year ago that some of the company's cars were markedly less fuel efficient than had been officially stated, Sunday paper Bild am Sonntag reported, without specifying its sources. VW in early November revealed that it had understated the level of carbon dioxide emissions and fuel usage in around 800,000 cars sold mainly in Europe. The scandal, which will likely cost VW billions, initially centered on software on up to 11 million diesel vehicles worldwide that VW admitted was designed to artificially suppress nitrogen oxide emissions in a test setting.

11/29/2015 9:02:17 AM

Women shop for handbags at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New YorkThe holiday shopping rush that kicked off on Friday is unlikely to bring much cheer to investors looking for a revival in retail stocks. After months of uninspiring sales growth and recent disappointments from Macy's and Nordstrom , shareholders of apparel sellers have had little to be thankful for and face a challenging holiday season. Early indications suggested this year's holiday season was off to a slow start.

11/27/2015 7:12:19 PM

File photo of Murdoch as a judge during a global start up showcase during the WSJDLive conference in Laguna BeachRupert Murdoch, co-chairman of Wall Street Journal publisher News Corp , on Friday said he had "strong word" that the Tribune Publishing Co's newspaper group will be bought by a Wall Street firm, while the Los Angeles Times will be split off and purchased by local investors including philanthropist Eli Broad. Murdoch, who is also co-chairman of 21st Century Fox , the entertainment and broadcast group, made his comments on Twitter. In September Tribune's board said the Los Angeles Times and San Diego Union-Tribune were "a cornerstone of our company's portfolio and a key component to our success in the future." Murdoch did not say on his verified Twitter account which firm would acquire the newspaper group or the timing of any deal.

11/27/2015 5:10:00 PM

The Sanofi logo is seen at the company's headquarters in LyonBy Pamela Barbaglia, Olivia Oran and Arno Schuetze LONDON/NEW YORK/FRANKFURT (Reuters) - Investment bank Lazard is working with Sanofi's management to prepare a sale or listing of its Merial animal health unit, aiming to land the leading advisory job for the deal, which could value the business at up 12 billion euros ($12.7 billion), sources familiar with the matter said. Lazard is expected to win the role for the so-called dual-track process having helped Sanofi's management in the ongoing review, the sources said, speaking on condition of anonymity. Sanofi and Lazard declined to comment.

11/27/2015 12:51:04 PM
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Here is a quick list of some of the areas we cover: ORANGE COUNTY, LOS ANGELES, SAN BERNARDINO, RIVERSIDE, KERN CO.
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