More consumers are pulling back from the housing market, which pushed down their debt levels during July through September, the New York Federal Reserve said Monday.
One in 10 Internet users plan to buy holiday gifts at either Groupon or LivingSocial this year, up from 4 percent last year.
The past Black Friday weekend saw record breaking sales figures as consumers are feeling more comfortable to purchase again. Job market outlook for early 2012 could provide another gentle boost to consumer spending, which accounts for as much as 70 percent of all U.S. growth.
Target experienced some controversy before the 2011 edition of Black Friday, and now the company's day has been tainted again after a death inside a Target store in West Virginia.
Carl Icahn offered to buy Commercial Metals Co (CMC.N) in a $1.73 billion deal that would combine the metals recycler with the billionaire investor's PSC Metals Inc.
A retail space at 60 Greene Street in Manhattan's Soho neighborhood has sold for $10.35 million, according to New York City records, one of two recent deals that cement the street's reputation as a desirable retail strip. Across the street, 57-63 Greene's retail condo is close to a deal, according to David Schechtman of Eastern Consolidated, one of the listing brokers.
Customers purchased four times as many Kindle devices as they did last Black Friday, the Seattle-based company reported Monday.
Cyber Monday 2011 is upon us. Here are some deals for all fashion and beauty connoisseurs.
At a time when electric cars are beginning to steal the limelight from their gas-eating rivals, a new finding from the National Highway Traffic Safety Administration (NHTSA) over General Motors' (NYSE:GM) electric vehicle, Chevrolet Volt, may likely question the safety of electric cars.
Wedbush Securities believes Green Dot Corp. (NYSE: GDOT) will continue its impressive growth as it leads the rapidly evolving reloadable prepaid category.
Honda Motor Co said all of its North American plants will resume normal production by the start of next month, following improvement in overall parts supply, which was hit by the Thailand floods.
Shares of graphics chip maker Nvidia, Inc. (NASDAQ:NVDA) have outperformed in recent time, following better-than-expected results and guidance, news reports of Graphics Processor Unit (GPU) socket wins in the Macbook and Macbook Pros for 2012 and with still high hopes for Tegra despite lackluster sequential growth in the second half of 2011.
Intuit Inc.'s (NASDAQ: INTU) TurboTax Desktop software is now available, as expected by Jefferies. The brokerage said prices and stock-keeping units of Intuit software are unchanged from last year.
Annual compensation for employees at big Wall Street firms could fall 27-30 percent from a year earlier to the lowest level since the 2008 financial crisis, the Wall Street Journal reported, citing a compensation study conducted by the Options Group.
China's largest search engine Baidu Inc said Monday it will invest 3 billion yuan ($470.6 million) by the end of 2015 to help 2 million small- and medium-sized enterprises expand their businesses.
Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, said he will launch a hedge fund with more than $300 million on December 1 after a delay in obtaining regulatory approval.
Moody's Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all European government bond ratings.
The first report of Black Friday 2011 sales has been released, with record numbers suggesting good news for retailers heading into the holiday shopping season.
Even as the company seems to experience massive success, shares of the online retailer are down significantly from the 52-week high of $246.71, which was reached last month.
Four people have been arrested in the Philippines for allegedly hacking into AT&T's phone system in order to funnel money to a Saudi-based terrorist organization, according to the country's Criminal Investigation and Detection Group.
Brazilian oil company Petroleo Brasileiro officials announced today the company located and contained a small gas leak on one of its offshore drilling rigs.
AT&T Inc is considering an offer to divest a significantly larger portion of assets than it had initially expected, in order to salvage its $39 billion deal to buy T-Mobile USA, Bloomberg reported citing a person familiar with the plan.
First there was Black Friday, then as e-commerce reached popularity in 2005, Cyber Monday was created. Now there is a new shopping holiday: a grassroots movement known as Small Business Saturday sponsored by American Express to help flailing local merchants and businesses.
German car corporation Daimler AG has decided to stop the production of its ultra-luxury Maybach brand due to the introduction of a revamped version of the flagship Mercedes-Benz S-Class by 2013.
Customers can avail an additional savings of 25 percent, if they use the code SAVE25 at checkout.
Reliance Industries and Bharti Enterprises have agreed to end negotiations over the sale of the latter’s stakes in two insurance services firms, set up in a joint venture, with France’s AXA.
A Japanese government panel will propose mandatory appointments of outside directors on boards of large firms in the hope of averting the kind of accounting scandal that has engulfed Olympus Corp.
Former FBI Director Louis Freeh was appointed trustee in the MF Global Holdings Ltd. bankruptcy case on Friday, days after he was hired to lead an independent probe into a sex-abuse scandal at Pennsylvania State University.
When the Apple iPad 3 hits the shelves next year, there could be several tablets that severely undercut its $500 price, but, until then, there are really only a few tablets that you would want to pick up to tide you over.
There's not much to be thankful for if you were working on Wall Street this week. Stocks tumbled for the seventh session in a row, helping push the Standard & Poor's 500 down 4.7 percent.
