Wal-Mart to use electronic identification tags on men's clothing

Wal-Mart to use electronic identification tags on men's clothing

The world's largest retailer, Wal-Mart Stores Inc. is planning to use sophisticated electronic identification tags on men's clothing from August 1 to have better control over the inventory, but has raised the privacy issues.

The removable smart tags will be placed on individual garments which can be read by the retail workers from a distance through hand-held scanner.

Ford Motor’s Q2 profit at $2.6 billion

Ford Motor’s Q2 profit at $2.6 billion

Ford Motor has reported profit of $2.6 billion during the second-quarter, and is expecting to recover from debt by the end of 2011.

The company has earned profit of $4.7 billion during the first half of this year, and has outperformed in the US market.

Ford is on the way to earn profit of $7.2 billion, matching its profit figures during 1999.

Nestle to set up new regional hub for R&D in Singapore

Nestle to set up new regional hub for R&D in Singapore

Nestle will set up a new regional hub for research and development (R&D) in Singapore.

Chief of Product Technology and R&D Centre of Nestle, Klaus Zimmermann made this announcement on the 30th anniversary of its R&D Centre in Singapore, and stated that there has been growing opportunities in the coffee mixes business all over the world.

Private home prices surge 5.3% in Q2

Private home prices surge 5.3% in Q2

The sales of private home prices in Singapore slowed down by the end of second quarter, but the price continued to grow at a slower rate.

According to the data released by the Urban Redevelopment Authority (URA), the overall prices increased by 5.3 percent during the second quarter of 2010.

Revenue of Britvic surged by 16.2 %

Revenue of Britvic surged by 16.2 %

The revenue of UK soft drinks maker, Britvic has increased by 16.2 percent to £289.5 million through its marketing strategies and £23.2m contribution from its newly acquired French soft drinks, Fruité.

The company is in line to meet up its full-year sales expectations.

Fuller Smith & Turner posts increase in quarterly sales

Fuller Smith & Turner posts increase in quarterly sales

Sales at British pubs operator and brewer, Fuller Smith & Turner increased due to hot weather and boost from World Cup.

The like-for-like sales at its managed pubs and hotel division increased by 4.1 percent for the 16 weeks to July 17 from increase of 3.5 percent for the 10 weeks to June 5.

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