And in the real world... Starbucks, John Lewis, French Connection and more

LONDON - Today's round-up of all the biggest business stories.

The World...latest business news
The World...latest business news

Starbucks, the UK's largest coffee shop chain, is to ditch its beige and green colour scheme and "identikit" furniture in favour of bolder colours and more community-centred artefacts. The company is keen to introduce more individual stores in an effort to boost sales.
Source: The Independent

BSkyB has accused Ofcom of exceeding its powers when conducting an official review of the pay-television market. The media giant has issued a document criticising the regulatory body for producing what it calls a "fundamentally flawed" financial analysis of the sector.
Source: Financial Times

John Lewis, the department store chain, has seen its profits fall by more than 50 per cent in the first half of 2009. The company posted profits of £21 million for the period, down from the £43 million made over the same six-month period in 2008.
Source: The Guardian

French Connection could be forced to close its Japanese and American stores after posting a pre-tax loss of £12.8 million for the first six months of this year.
Source: The Times

Twitter is set to receive around $50 million worth of funding, which will value the social networking site at $1 billion. The figure means that the company has quadrupled its valuation in the past six months.
Source: The Daily Telegraph