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Essay text:
28, today announced that German retailer METRO AG (MEO3.F) and British retail conglomerate J SAINSBURY PLC (FTSE : SBRY) will join the international e-business venture as its newest equity partners.
The European retail giants join founding partners SEARS, Roebuck and Co. (NYSE: S), based in suburban Chicago, Paris-based CARREFOUR (CAC: CA) and ORACLE Corporation (NASDAQ: ORCL), headquartered in Redwood Shores, Calif., in the developing web-based business-to-business marketplace. The four retailers account for a total of approximately $140 billion in annual purchases from more than 50 000 suppliers, partners and distributors worldwide...
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