Deals site LivingSocial cuts 400 jobs worldwide

(AP)—Online deals company LivingSocial is cutting 400 jobs worldwide, or about 9 percent of its work force, as the deals market continues to face challenges.

Walmart to sell UK unit as it seeks growth in online sales

Walmart has agreed to sell its British unit, Asda, to local rival Sainsbury's in a 7.3 billion pound ($10.1 billion) deal as the U.S. giant focuses on online sales in countries with higher growth and less intense competition.

Sharp shares hit by reports of Hon Hai deal rethink

Shares in Japan's Sharp, which slumped 28 percent at the end of last week after a poor earnings report, fell further Monday after Taiwan's Hon Hai Precision said it would renegotiate a deal to invest in it.

Struggling Groupon ousts CEO Andrew Mason (Update)

Struggling online deals pioneer Groupon has ousted its quirky founder and CEO Andrew Mason amid worries that people are tiring of the myriad of online restaurant, spa and Botox deals that Groupon built its business on.

Ecolab buying Champion Technologies in $2.2B deal

Ecolab, the cleaning, food safety and pest-control services company, is buying the specialty chemical company Champion Technologies in a cash-and-stock deal valued at about $2.2 billion.

QVC parent buying HSN as shopping shifts online

QVC's parent company is taking control of the Home Shopping Network for about $2.6 billion in stock to create what they say will be the third-largest e-commerce company in the United States.

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