Despite lower gas prices leaving more money in their pockets, U.S. consumers haven’t yet ramped up their spending in a big way. December retail sales were disappointing, with consumer spending for the month recording its largest drop since 2009.
This is no back-fence squabble over who trims the tree. The story laid out in court documents shows how Silicon Valley’s power elite fends off those seeking to force their way into the club and share the wealth.
In 2013, sales from craft brewers hit a record $14.3 billion—an increase of 20% from the previous year.
West Coast seaports fully reopened Monday after two days during which no ships were unloaded amid a labor dispute between dockworkers and their employers.The two sides are negotiating a new contract, and bargaining-table tensions have spilled over to the waterfront, where cargo is moving far slower than normal through ports that handle about one-quarter of the nation's international trade — nearly $1 trillion annually.During the weekend, companies hired workers only to move from dockside yards cargo containers...
Nearly 14 million people will qualify in 2016 for help paying out-of-pocket costs under Obamacare plans.
Cybercriminals and not just stealing your data, they could steal your life.
So what are Americans doing with some of the money they’re saving from cheap gas? Why, they are buying more fuel.
The company behind Play-Doh, Monopoly, and Yahtzee is reaping handsome returns from licensing deals with major movie studios. Those contracts made a big difference in Hasbro’s fourth quarter, as sales tied to Paramount’s Transformers franchise and Disney’s Avengers helped the company boost its financial results despite a strengthening dollar, which weakened sales abroad. Sales ticked up 1 percent to $1.3 billion in the period, while profit surged 31 percent to $170 million.
A certain e-commerce giant topped the list of favorites, according to a new survey.
Food-quality scares are hurting McDonald's in China and Japan, where weakness contributed to a key global sales figure falling 1.8 percent.The world's largest hamburger chain said sales dropped 12.6 percent in January at locations open at least 13 months in the division that includes the Asia region. That overshadowed a 0.4 percent rise at U.S. locations and a comparable 0.5 percent increase in Europe.McDonald's shares fell $1.27, or 1.4 percent, to close Monday at $92.72.McDonald's Corp. said its performance in Asia was hurt by customer perception issues in Japan, where a human...
Inditex, the parent company of Zara and the world’s largest fashion retailer, says it will stop selling products made from angora—the wool spun from the under-hairs of angora rabbits that’s often knit into fuzzy sweaters and accessories. The material got a lot of attention in 2013 after the animal rights group People for the Ethical Treatment of Animals (PETA) released graphic videos of screaming rabbits having their hair ripped out.
A trove of leaked documents shows that HSBC's Swiss private bank turned a blind eye to illegal activities.
Asian stock markets were mostly lower Tuesday after Wall Street was dragged down by mounting concern about Greece's standoff with its creditors.KEEPING SCORE: Tokyo's Nikkei 225 declined 0.8 percent to 17,573.83 points and Seoul's Kospi shed 0.3 percent to 1,940.83.
Benchmark Brent crude oil prices remained below $58 a barrel on Tuesday as the International Energy Agency (IEA) said the United States will remain the world's top source of oil supply growth until to 2020, defying expectations of a more dramatic slowdown in shale output growth.
U.S. stocks closed down on Monday despite oil settling higher, as concerns about Greece continued to weigh.
Thanks to an epic collapse in the ruble, price growth has hit crisis levels in Russia: Inflation reached 15 percent in January. Even worse, there's little respite in sight. Inflation will average 13 percent in 2015, according to the median forecast of economists surveyed by Bloomberg.
Taken at face value, India on Monday became the fastest growing major economy in the world after its statisticians changed the way they measure Asia's third-largest economy and showed it clocked faster growth than China in the December quarter.
After years of growth driven by the worst recession of modern times, the massive cost of the federal food stamp program for lower income people declined last year as a share of the economy and is likely to continue...
Chinese corporates and wealthy consumers are taking gift-giving down a notch this Lunar New Year, opting for iPhones instead of Birkin bags or Louis Vuitton wallets.
Netflix Inc launched its movie and TV streaming service in Cuba on Monday, joining the list of U.S. companies looking to take advantage of thawing diplomatic relations between the United States and the communist-ruled island country.
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