A slew of the country's largest retail stores beat Wall St. July-sales estimates, a sign that this year's back-to-school season will be the best seen in years.
General Motors Company (NYSE: GM) on Wednesday reported July U.S. car sales fell 6 percent compared with the year before as retail sales fell modestly and fleet sales plummeted.
Ford Motor Company (NYSE: F) reported U.S. July car sales were down 4 percent compared to the year before due to weak fleet sales.
A development kit for Microsoft?s next-generation console, rumored to be called the Xbox 720, had leaked on to a developer forum for a price of $10,000.Both fans and critics alike were left wondering whether or not this is in fact involved with the upcoming Xbox release.
Nintendo?s 3DS XL has had a tremendous release date in Asia. The company sold approximately 200,000 units of its new handheld across Japan, official retail estimates have indicated.
Japan’s industrial output declined in June, which is the third consecutive month showing a fall, indicating that the weakening global demand and the debt burden faced by the euro zone are affecting the country’s economy.
The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.
Tech giant, Apple launched a new ad campaign during the Olympics 2012 Opening Ceremony featuring three separate commercials that seem to have earned more criticism than goodwill.
IBTimes presents its weekly roundup of winners and losers in the financial world.
ICICI Bank, India's top private lender, Friday reported a 36 percent increase in its net profit in the first quarter of the financial year 2012, exceeding the market expectations.
The second-quarter earnings season is in full swing and investors will hear next week from several more major players, including AIG, Kellogg, Procter & Gamble, Kraft Foods, Pfizer, Mastercard and General Motors.
Japan’s retail sales growth slowed down in June as compared to May, indicating that private consumption being affected by the faltering global economic conditions.
Nintendo is expected to push out between four and five million Wii U units during the gaming console’s launch period, ComputerAndVideoGames.com has reported.
India's much-awaited "second wave" of reforms is likely to be delayed due to the dilly-dallying monsoon. Prime Minister Manmohan Singh, who doubles as the finance minister, is expected to hold the crucial policy decisions on allowing the FDI in retail sector and hike in diesel prices until at least the second week of September, Reuters has reported quoting official sources.
The more data market-watchers have seen on the U.S. economy, the less they like what they've seen. Specifically, predictions on what the government might report as the rate of GDP growth in the second-quarter of 2012 have plummeted in the past few weeks, as economists adjust their models to one disappointing data release after another.
The iPhone Dev Team has confirmed via its official blog that one of the popular jailbreak tool "RedSn0w" is compatible with new Apple OS X 10.8 Mountain Lion.
Caterpillar Inc. (NYSE: CAT), the largest maker of construction and mining equipment, reported a 67 percent jump in its second-quarter profit that topped analysts' estimates and boosted its full-year outlook as demand increased from North American builders and overseas miners.
Wal-Mart, in a bid to protect consumers, said it was not happy with the proposed $7.25 billion retailers' settlement with Visa Inc., and MasterCard Inc., over interchange and processing fees to cover credit and debit card payments.
In this week's episode Peter invades Lydia's dreams, insisting she throw her annual big birthday party on Wednesday, the night of the full moon. He explains if she doesn't terrible things will happen to her friends. There are also visions of worms involved to heighten the creepy factor.
Starbucks Corporation (Nasdaq: SBUX), the world's largest coffee chain, is expected to report higher second-quarter profit as growth in its ground coffee division offsets the cost of buying a bakery company.
PepsiCo, Inc. (NYSE:PEP), the maker of Lay's potato chips, Quaker oatmeal and its namesake Pepsi-Cola, is projected to report lower second-quarter profit as the food and beverage giant struggles to offset rising ingredient costs and marketing expenses with price increases.
It is surprising to note how Colorado shooter James Holmes amassed arsenal without raising an eye of suspicion about his online purchase when internet firms can track customer behavior and profiles online.
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