February sales are highlighted in the U.S. retail chains reports this week. The sales figures indicate the willingness and ability of shoppers to spend more for household items and clothing now that the cost of gas is increasing. Several store chains in the United States will report their sales for the month of February on […]

Verizon Wireless says it has more iPhone sales online than in its local store branches. The information disputes the apprehension that few people welcomed the in store debut, which pointed out low sales on the Apple Inc device. The company started selling the phone on its website last February 3. Since then, the demand for […]

Apple Inc. will hold an invitation-only event next week in San Francisco. Media speculations have appeared Tuesday saying Apple’s March 2nd event will unveil its second-generation iPad. The multinational company established in Cupertino, California has already sent out invitations for the media event. Suspicions about the nature of the event are held liable by the […]

Former dealers of the Chrysler group sued the government of United States last Thursday. The sixty four dealers said the administration of President Obama violated their rights since they did not give any compensation when it closed their stores at the time of the automaker’s bankruptcy. The dealers filed a complaint at the U.S. Court […]

Sales in the US retail market slowed abruptly in January, according to the official data released on Tuesday. The weak retail sales were brought about the huge snow storms that affected several parts of the country in the beginning of the year. From December, sales only increased to 0.3 percent, which shows the slowest rise […]

The government of India will shoulder as much as half of the subsidy expenditures from the oil companies managed by the state. Since Indian oil companies sell fuel at a lower cost, their losses have already increased as crude has stayed above $100 per barrel. According to oil minister S. Japial Reddy, the subsidy, which […]

American companies are expecting a 5-percent increase in their total travel expenditures this year. The rise is twice the growth rate last year just after a two-year decline in business. This shows a positive sign in the economy, thus perking up airlines, hotels, as well as car-rental companies. Companies spent around $228 billion in business […]

On Wednesday, world stocks slumped from this week’s 29-month high after interest rates rose in China. This prompted investors to book profits while general optimism over worldwide growth sent 10-year U.S. bond yields to nine-month highs. For the second time in over six weeks, China increased its interest rates on Tuesday raising the battle against […]

Wal-Mart fights back competitors by emphasizing low prices and adding back thousands of products in store. The company is also planning to expand into cities and neighborhoods where other people dare not to go. Three years ago, Wal-Mart led several dollar stores for selection, convenience and price. However, it is now losing customers and revenue, […]

The Dow Jones Average closed over 12,000 for the first time since June 2008 on Tuesday. This occurred as US stocks shrugged off the turmoil in Egypt and soared on positive corporate earnings. The entire major US market indices were higher. These were sustained by indications that the United States economy is shifting steadily away […]