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New York City’s famed Pearl River Mart to close
New York -- Rising rents and increased online competition have claimed one of downtown Manhattan’s most iconic retail stores, Pearl River Mart in SoHo. The Chinese department store, which opened its doors in 1971, will close at the end of its current lease in December.
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Lexmark announces rebranding
Lexmark’s evolution into a business information services giant got a boost Tuesday when the company unveiled a rebranding.
The company announced that its Perceptive Software division will switch to the Lexmark name, although its products will remain under the Perceptive banner. The move brings all of Lexmark's recent worldwide acquisitions of business information and software companies under the company's one name.

