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U.S. retail sales continue to show strength amid doubts about the overall economy

US Retail Sales Continue To Show Strength

Same-store sales rose 0.5 percent from the previous week and 4.5 percent year on year, the International Council of Shopping Centers and Goldman Sachs reported. Redbook Research said same-store sales were up 0.8 percent from March and 4.1 percent from April 2011.
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iPhone 5

iPhone 5 Release Date 2012: Reasons Why June Launch Looks Plausible, But October Makes Sense Too

There was a time when the mid-year launch for Apple's flagship smartphone was almost an ironclad rule. But with the release of its fifth generation iPhone, the iPhone 4S, on Oct. 4, 2011, the Cupertino-based tech giant broke that tradition, making way for recent rumors that suggested the company might launch its sixth-gen iPhone, presumably named iPhone 5, in the second half of 2012. Thereby abandoning the mid-year launches and considering a 12-month iPhone upgrade cycle, starting in the fall...
Euro Union

Euro Zone Data Offer Further Signs Of Recession

Fresh figures on business activity and retail sales in the 17-member currency area reinforce earlier signs of recession, even as the European Central Bank left its main interest rate unchanged at an all-time low of 1 percent.
A Best Buy store in Westminster, Colo.

Best Buy Closings: How Apple, Wal-Mart and Amazon Are Killing The Electronics Retail Giant

Best Buy has fallen on hard times in a sluggish economy, suffering a dismal drop in sales and an overall $1.2 billion loss over the last fiscal year. The electronics giant announced Thursday that it will close 50 stores and cut 400 jobs at its Richfield, Minn., corporate headquarters, hoping to save $800 million over the next three years in order to stay afloat.
Verizon  4G LTE

Verizon To Offer Integrated Wireless Video Service

Verizon Communications Inc, the nation's largest 4G LTE network and largest and most reliable 3G network provider, is now aiming to offer an integrated video service for its wireless customers, reports the Wall Street Journal. The company has also announced to expand its Long Term Evolution (LTE) network to more than 25 towns in Middle Tennessee outside of Nashville within next few weeks.

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