Employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.
BeachMint, a 14-month old social commerce focused fashion retailer, began shipping to Canada just a few weeks ago. The move was the beginning of a meticulously planned international expansion to come.
Best Buy Co stood by its profit outlook for the financial year despite a 1.2 percent same-store sales decline in the key selling month of December, allaying some concerns that all its holiday sales were driven by profit-sapping discounts.
Hiring in the U.S. accelerated in December for a second month and jobless rate fell again to the lowest point in almost three years. Revised data show that hiring in October grew faster than initially reported, while hiring in November was revised down. All signs indicate a strengthening labor market heading into 2012.
The Eurozone's economy deepened its downturn at the end of 2011 as retail sales fell and sentiment soured, but the first improvement in the business climate in 10 months offered hope that an expected recession may be mild.
Retailers posted strong sales numbers in December, but at-times extreme discounts tapered good feelings, profits and earnings outlooks for the full year.
The results indicate that more routine purchases were made online this holiday season.
Banks led Wall Street to gains on Thursday even as Europe struggled again, a sign investors are betting a relatively strong U.S. economy will help U.S. stocks outperform other markets.
Stocks rose on Thursday led by bank shares as investors bet a stronger economy will help boost balance sheets of U.S. based lenders.
The white Samsung Galaxy Nexus is expected to hit stores in the UK in the next two weeks and the U.S launch will follow in early February, according to Expansys.com.
Many U.S. store chains had to resort to deep discounts to lure shoppers over the holiday selling season, cutting into profits even as overall December sales came in slightly above expectations.
The New York-based retailer said it expects 2012 consolidated sales between $7.0 billion and $7.2 billion. The company expects full year losses to total $1.10 and $1.40 per share.
The number of planned job cuts at U.S. firms declined in December to the lowest level since June, but up from the same time a year ago, a report on Thursday showed.
Venerable bookseller Barnes & Noble said it will consider spinning off its thriving Nook business – its thriving e-book unit – while determining its own corporate future.
The first batch of December sales results suggests that people were willing and able to shop if retailers made it worth the effort with discounts.
The first batch of December sales results suggests that people were willing and able to shop if U.S. retailers made it worth the effort with discounts.
Yahoo named PayPal President Scott Thompson as its chief executive on Wednesday, hoping the well-regarded Internet technology and e-commerce expert will replicate his success at eBay Inc and turn around the struggling company.
New York Gov. Andrew Cuomo's plan for a 3.8 million square foot convention center at the Aqueduct Racetrack in Queens, N.Y. was met with approval from one local non-profit planning group, while the local community board said it awaited more details on the project.
U.S. online sales for the 2011 holiday season rose 15 percent to hit an all-time high, according to data firm comScore.
Mainland China and 21 other countries will finally launch sales for Apple's most advanced smartphone, the iPhone 4S, on Friday, Jan. 13. The phone will be available in black and white and will sell at the same prices as in the U.S.
Here are all the details on where to buy Kate Middleton's holiday accessories including diamond drop earrings, velvet hat, rain boots and sheepskin shearling jacket.
Apple fans in China mainland and other 21 countries are going to be crazy after hearing this - iPhone 4S, Apple's hottest handset so far, will reach their shores on Friday, Jan. 13, ending various speculations about local launch dates, that lasted for several months.
