OVERSATURATION: The company said it would slow the pace of US store openings to help it choose the right markets following the fall in US traffic at its coffee houses
Starbucks Corp said its fiscal fourth-quarter profit jumped 35 percent, despite a slight slowdown in store openings and a drop in US traffic.

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Checking to see which bank is revealing billion-dollar losses in its portfolio has become something of a daily routine on Wall Street. On Thursday, traders fretted about Barclays' multibillion dollar writedown over their morning coffee.

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Chinese urban fixed asset investment gained pace in the first 10 months of the year, official data showed yesterday, capping a week of strong data that has raised expectations of an interest rate hike.

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BP America Inc said on Thursday it would sell all of its more than 700 company-owned and operated US convenience stores over the next two years, eliminating nearly 10,000 jobs.

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FINANCING: Experts said operators will have to rely on advertising to provide the fund to offer better mobile services and attract smartphone users
The emergence of smartphones has put the Internet, music and videos in the palm of the consumer's hand, but the technology will need a flow of advertising cash to reach its full potential.

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■ OIL

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