RETAIL

U.S. gasoline is getting cheaper. In the last four weeks, the average weekly U.S. retail price of regular unleaded gas has fallen 4 percent, according to the Energy Information Administration.

For its sixth-generation iPhone, presumably called iPhone 5, Apple is reportedly building a device with a thinner and lighter frame, but a bigger 4-inch screen. Yet with a slew of rumored features, a recently-released patent for an incredibly intelligent multi-tiered haptics system could be the one feature to rule them all.

British bank Barclays PLC (London: BARC) is making a grand entrance into the U.S. retail banking space, debuting an online savings account this week that pays substantially more in interest to accountholders than its closest competitors.

US Secretary of State Hillary Clinton Monday pitched for the opening up of the Indian retail market for foreign direct investment (FDI) and asked the government to do more on Iran oil cuts.

In an effort to expand beyond cell phones, the second largest U.S. mobile operator, AT&T, is all set to enter the home security and automation business.

Layoffs, store closures, massive loss of earnings, and the departure of its CEO -- nothing is going right with the world's largest consumer-electronics specialty retailer.

If you are a Samsung tablet fan, then your long wait is over, as the much delayed Galaxy Tab 2 (10.1) is finally up for preorder and the tablet will hit the retail shelves in the US as soon as by May 13.

Hong Kong-based diversified holding company Hutchison Whampoa Ltd. (Hong Kong: 0013) resubmitted its ?2 billion ($2.62 billion) cash bid for Dublin-based Eircom Group Ltd., the closely held fixed, mobile and broadband telecommunications services provider.

The second largest U.S. public pension fund said on Thursday it had sued current and former executives and board members at Wal-Mart Stores Inc, alleging bribery and a cover-up in the company's expansion in Mexico.

Futures on major U.S. stock indices point to a higher opening ahead of key U.S. monthly nonfarm payrolls and unemployment data from the government.

Asian stock markets declined Friday as weaker-than-expected data on the U.S. services sector and disappointing April retail sales fueled concerns that the recovery in the world's largest economy is slowing.

Freelance sports gambling columnist Sarah Phillips made headlines yesterday when she was fired from ESPN after Deadspin.com released an article claiming the 22-year-old was involved in fraud and extortion. IBTimes spoke with a T-Mobile media relations representative who informed us that they were not aware of the current allegations against Sarah Phillips, but are looking into the situation.

The risk of inflation is keeping the Federal Reserve from doing more to support the U.S. economy, even though the threats to price stability are reasonably contained at present, a Fed official said Thursday.

Samsung Galaxy S3 enthusiasts have started to gather outside Oxford Street's Phones 4U branch, where they will be able to watch the unveiling of one of the most highly anticipated phones of the year.

The Sarah Phillips ESPN scandal is getting more intriguing (and more confusing) as the former ESPN gambling columnist is now allegedly being linked to a T-Mobile fraud. Not surprising, her reported partner Nilesh Prasad is also being connected to the latest revealing scam.

California teen Max Wade was charged with commercial burglary and attempted murder for stealing a Lamborghini sports car owned by celebrity chef Guy Fieri and participating in a drive-by shooting.

Platinum supply worldwide is expected to remain in surplus this year, in what will be its eighth consecutive year in surplus, Thomson Reuters GFMS said Thursday.

The companies whose shares are moving in pre-market trade Wednesday are: Protalix BioTherapeutics, Charming Shoppes, Tripadvisor, Genworth Financial, Wynn Resorts, UBS AG, Herbalife, CBS Corp, Patni Computer Systems and Chesapeake Energy Corp.

Toyota Motor Corporation (NYSE: TM) U.S. April sales rose 11.6 percent, despite fewer selling days than the previous year, as consumer demand for hybrid vehicles like the Camry Hybrid and Prius remained high, the company reported Tuesday.

Honda Motor Company Limited (NYSE: HMC) said Tuesday that U.S. sales last month fell 2.2 percent because of three fewer selling days than in April 2011, but on a selling-day adjusted basis sales actually jumped 10 percent on strong demand for Accord and Civic hybrids.

General Motors Company (NYSE: GM), the world's largest car company, reported an 8.2 percent drop in April sales on declining fleet sales and fewer selling days compared to the year before.