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BUSINESS
October 30, 2012 | By Stuart Pfeifer
Allergan Inc. is considering selling its Lap-Band weight-loss unit amid rapidly declining sales and a swarm of negative publicity about patient deaths and a criminal investigation of one of its former customers. Word of the potential sale came the same day the company disclosed that sales of the Lap-Band fell for the fifth consecutive quarter. The company reported $37.4 million in Lap-Band sales for the third quarter of 2012, a 25% decline from one year ago and 53% less than it sold in the third quarter of 2008.
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ENTERTAINMENT
September 23, 2009 | Associated Press
Dan Brown's new novel has passed the 2 million mark and bested Bill Clinton's "My Life" in the record books. Doubleday announced Tuesday that hardcover, audio and e-book sales for "The Lost Symbol" topped 2 million copies for its first week of release in the United States, Britain and Canada. The total is "well over" 2 million for English-language editions worldwide, according to Doubleday spokeswoman Suzanne Herz, who declined to offer a specific number. Herz did say that around 5%, or 100,000 copies, of "The Lost Symbol" were sold as e-books.
BUSINESS
March 12, 2014 | By Andrew Khouri
Southern California home prices held steady last month while sales tumbled to a six-year low, further evidence that the market has stalled after a torrid rebound. The median home sale price in the six-county Southland inched up 0.8% from January to $383,000, research firm DataQuick said Wednesday. Prices shot up in the first half of 2013, but the region's median has been about the same since June. Still, the February median price was 19.7% higher than the same month in 2013 because of rapid price gains early last year.
BUSINESS
August 10, 2011 | By Andrea Chang, Los Angeles Times
American Apparel Inc. had a narrower loss and improved sales in its second quarter, the Los Angeles clothing maker and retailer said in an updated earnings filing. For the three months that ended June 30, the company reported a loss of $213,000, or flat earnings per share, compared with a loss of $14.7 million, or 21 cents, in the year-earlier period. Sales were flat overall and at stores open at least a year. The latter measure, known as same-store sales, is considered an important gauge of a retailer's health because it excludes store openings and closings.
BUSINESS
July 22, 2010 | Reuters
U.S. existing home sales fell less sharply than expected to a three-month low in June, though the supply of unsold homes rose to the highest in almost a year, an industry group said Thursday. Sales fell 5.1 percent to an annual unit rate of 5.37 million units, the National Association of Realtors said. Economists polled by Reuters had expected an 8.1 percent decline to a 5.18 million pace in June. There were about 3.99 million homes for sale at the end of June, a level that would take about 8.9 months to deplete at the current sales pace.
IMAGE
December 19, 2010
Sabrina Azadi's article ["May I Help You?" Dec. 12] took me back to when I was a struggling college student in Philadelphia and I took a part-time salesclerk job at what was the revered John Wanamaker's department store. As part of the de rigueur "orientation," the sales manager of the salon presented her tips for closing a sale, and one that remained with me for all these years is to tell a customer that "you look like a million bucks in that dress. " Translation: "Who's ever seen a million bucks?
ENTERTAINMENT
June 7, 2013 | By Meg James
The broadcast television advertising market is in full swing, with the top-rated CBS network once again leading the pack. By Friday afternoon, CBS was close to finishing its advance advertising sales for the 2013-14 television season, notching rate increases of 6% to 7.5%, according to people familiar with the negotiations. CBS is expected to wrap the annual auction with $2.5 billion in commitments for prime-time commercials. A year ago, CBS finished the auction with higher rate increases -- ranging from 8% to 10% -- for a total haul of $2.6 billion.
BUSINESS
August 21, 2012 | By Tiffany Hsu
The raunchy novels in the "Fifty Shades of Grey" trilogy are serving a purpose beyond riling up housewives. The erotic tomes are whipping -- so to speak -- sales at Barnes & Noble Inc. back into shape. The series by E.L. James -- often referred to as "mommy porn" for its themes of sexual submission and dominance -- helped boost the bookseller's first quarter, which ended July 28. Overall revenue at Barnes & Noble's nearly 700 bookstores and BN.com rose 2% to $1.1 billion in the quarter.
BUSINESS
November 12, 2012 | By Salvador Rodriguez, This post has been updated. See the note below for details.
Sales of the Surface tablet have gotten off to a modest start, Microsoft Chief Executive Steve Ballmer has told a French newspaper. The Surface is Microsoft's flagship Windows 8 device and its only tablet offering for the holiday season. It's going up against the Apple iPad as well as tablets by Google and Amazon. A version of the Surface running Windows RT, a slimmed-down version of Windows 8, went on sale last month starting at $499 for a 32 GB model. Ballmer said sales have been affected by the fact that the Surface is only available online and at some U.S. Microsoft retail stores, he told Le Parisien . The head man of the Redmond, Wash.-based company did not give out exact sales figures, but he said supply shortages of the Surface are a good sign of demand.
BUSINESS
April 25, 2013 | By Chad Terhune
Altria Group Inc., the largest U.S. tobacco company, said Thursday it will introduce an electronic cigarette this year amid a continuing slump in sales of its top-selling Marlboro brand. Some of Altria's competitors -- including Lorillard Inc., with its blue eCigs brand, as well as smaller rivals such as NJOY -- have been quicker to seize on the rising popularity of e-cigarettes. E- cigarettes are battery-powered devices that heat liquid nicotine in a disposable cartridge and produce a vapor that's inhaled.
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