Fortune 500 company Barnes & Noble has reported lower loss during the first quarter. The largest retail bookseller in the United States has improved the margins in several key segments. On Tuesday, the company reported a smaller first-quarter loss, thanks to large cost cutting done but despite this the country's biggest bookseller could not deflect a 7% decline in sales.

Salesforce.com on Monday launched a new fund called 'Salesforce1 Fund' for its investment unit renamed as "Salesforce Ventures". The fund will add an amount of US $100 million into company's mobile app building and other connected products based on the Salesforce1 Platform.

Ewald Nowotny, European Central Bank Governing Council member, said the bank may cut its economic forecast next week. The bank will present its updated estimate next Thursday.

Nowotny said, "It's no secret that we are seeing somewhat of a downturn in the economy. Germany is no longer able to be a locomotive for growth".

The rise in number of people without jobs was marginal in August while the unemployment rate was satisfactory, said the country's labor agency on Thursday. This indicates that the labor market in Europe's largest economy has not stumbled significantly amid a recent downfall in economic activity.