American Eagle, which has more than 1,000 stores in the US, has hired property agent Harper Dennis Hobbs to find a store in central London and met with key landlords last week. The retailer is the latest in a growing line of youth US fashion brands to target the UK. Hollister, Urban Outfitters, and Forever 21 already have a collection of stores, while J Crew is due to open on Regent Street later this year.

Daily-discount service Groupon, used by some 42 million people is launching Groupon Reserve, a tool that lets consumers book reservations at high-end restaurants in 10 cities - including Boston, New York, Los Angeles and San Francisco - with discounts of 20% to 40%. The program offers discounts off checks without requiring pre-payment or vouchers. It also gives local businesses the chance to draw crowds at slow hours through flexible pricing.

Maria Sharapova, Roger Federer and Rafael Nadal may not be happy with their early-round departures in the Wimbledon Grand Slam tennis tournament, but the groups that oversee the sport are certainly pleased with the way tennis is growing. Tennis is a $5.57 billion business, which represents a 3% increase over this time last year, according to new figures from the Tennis Industry Association, a not-for-profit trade association that promotes the growth of tennis and the economic vitality of the industry.

Is Jewel-Osco's decision to get rid of its loyalty card program is a move bordering on crazy? Writes Mary Beth Qurk, "Let's just hope it's not crazy like former JCPenney CEO Ron "No More Sales EVER!" Johnson. While pulling a loyalty card program isn't just like ditching sales, both moves are based on the belief that customers would rather just have lower prices all the time."

After more than 200 years in control of the company that still bears its name, the Peugeot family appears willing to cede control of PSA Peugeot Citroen in a bid to attract a white knight to rescue the fast-failing French automaker. And with several potential partners, including Chinese carmaker Dongfeng, showing a notable lack of interest, Peugeot CEO Philippe Varin is now sounding out General Motors, according to several reports from Europe.

AT&T, BBDO and the Chernin Group have developed an unscripted mobile drama series, @SummerBreak, with a group of SoCal teenagers at the heart of the narrative action. The teens will share their experiences in real-time on Twitter, Tumblr, Instagram and YouTube in daily and weekly episodes, with social input from the audience."Today's kids are master storytellers, crafting and sharing their own realities through social media," says producer Billy Parks, also evp of production and programming at Chernin Digital.

Dozens of players heard their names called last night to begin their NBA journey, and nearly a dozen marketers were on display during the NBA Draft presented by State Farm in Barkleys Center, including adidas, Sprint, Gatorade, AmEx, Cisco, SAP, Sears and Taco Bell, with others also airing TV spots during the broadcast on ESPN.

At three stores and 30 of the cocktail/barbecue meals a day between 6 and 11 p.m. Priced at 980 or about $10, the Broiled BBQ Ribs are marinated and finished with a barbecue sauce. On offer are Mojitos, Sky Diving, Long Island Iced Tea, Pink Daiquiri, Cuba Libre and a rum drink Google translates as "Ram and Back." The Burger King stores already offer Heineken beer but the cocktails are something new for the chain.

Convenience chains and Big Tobacco collectively moaned when the President floated the 2014 federal budget, which includes a 94-cent levy increase on cigarettes, with a comparable raise in the levy on all tobacco products. Obama says the proposed tax increase is intended to help fund pre-kindergarten programs for 4-year-olds across the United States. The tax rate on cigarettes would jump from $1.01 per pack to $1.95.