MARKETING

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OPEC to keep oil output quota unchanged

Oil cartel, Organization of the Petroleum Exporting Countries (OPEC) has decided to keep oil production quota unchanged in its meeting today in Vienna. At present, the members of OPEC produce 24.845 million barrels per day and decided to keep this unchanged, according to a report citing delegates.

Amazon ruffles Canadian feathers with depot plan

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Internet retailer Amazon.com has smashed up against Canadian pride in its efforts to open a distribution center in Canada, as booksellers grumble that it can't understand the role of Canadian culture.

Wholesale inventories unexpectedly fall in Jan

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U.S. wholesale inventories unexpectedly fell in January, while sales rose much faster than expected to their highest level since October 2008, a government report showed on Wednesday.
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U.S. cap and trade rebranded pollution reduction

Like a savvy Madison Avenue advertising team, senators pushing climate-control legislation have decided to scrap the name cap and trade and rebrand their product as pollution reduction targets.
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Homebuyers' negotiating power rises: Zillow

Homebuyers in much of the United States paid thousands of dollars below asking prices in January, and gained negotiating power for a second straight month, real estate website Zillow.com said on Wednesday.
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Palm and carriers face marketing challenge

Palm Inc is already looking ahead to the marketing challenges it faces together with its carriers after revealing that consumers have not embraced its smartphones as much as anticipated.
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Microsoft wins court approval to topple botnet: WSJ

Software giant Microsoft Corp has won a U.S. court approval to deactivate a global network of computers that the company accused of spreading spam and harmful computer codes, the Wall Street Journal said.
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EBay urges rethink on EU's Internet sales plan

Ebay Inc urged European regulators to drop a requirement for Internet retailers to have bricks-and-mortar shops, warning it would hurt small firms, keep prices high and stifle e-commerce.
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EBay adds new Europe, Russia platform to spur buying

EBay Inc will launch a new online retail platform in five European countries and Russia by the end of March, spurring cross-border transactions and allowing buyers to navigate purchases in their native languages.
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Oil rises above $75 as dollar dips

Global oil prices recovered in European trade Tuesday mainly after the dollar dropped, reducing the appeal of commodities as an alternative investment. Light sweet crude for March delivery was seen trading at $75.34 a barrel at 4.00 p.m Indian time while Brent crude was at $73.95 a barrel at the same time. Crude oil advanced as the euro strengthened against the dollar, reducing the appeal of commodities as an alternative investment.
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New York Times ad outlook dim, shares fall

The New York Times Co warned on Wednesday that print newspaper advertising will continue to decline, sending shares down nearly 9 percent, even as the company slashed costs to reach a higher-than-expected fourth-quarter profit.
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Small businesses sick of healthcare debate

Amy Nichols, a small business owner, is tired of the healthcare debate and is relieved President Obama has turned his attention toward her biggest concern: access to credit.
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US home buyers' negotiating power gains-Zillow

Home buyers in much of the United States paid thousands of dollars below asking prices in December and for the first time in 11 months gained negotiating power, real estate website Zillow.com said on Tuesday.
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Home buyers' negotiating power gains: Zillow

Home buyers in much of the United States paid thousands of dollars below asking prices in December and for the first time in 11 months gained negotiating power, real estate website Zillow.com said on Tuesday.
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Four major food and beverage trends for 2010

Tate & Lyle, world-leading renewable food and industrial ingredients company, has identified four major trends for food industry in USA for 2010 that covers private labels, environmental conscious purchasing, dining in-house and gluten content.
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McDonald's, franchisees in Germany in dispute: report

Several franchise holders of McDonald's Corp's German unit have accused the world's largest hamburger chain of trying to force them out of their contracts, the Wall Street Journal reported. The restaurant operators said McDonald's used private investigators and offered jobs to franchise employees in exchange for information needed to terminate franchise holders' contracts, the J...
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Hilco CEO Salter to leave company

Jamie Salter, chief executive of private equity firm Hilco Consumer Capital, is resigning from the company, Hilco said in a news release.
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Lotte Group says may buy GS Retail units

Lotte Group, which operates South Korea's second-largest retailer Lotte Shopping, said it was considering buying GS Retail's department store and discount store operations.
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U.S. household names hit by Venezuela devaluation

U.S. companies selling their goods in Venezuela will be pinched by the government's move to devalue its currency, as many of their products will cost more for consumers and their earnings will take a hit.
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Cellphone use for shopping up: Motorola

A growing number of consumers worldwide used their mobile telephones to help them shop early in the holiday season with usage particularly high among young adults seeking coupons, according to a study sponsored by Motorola Inc and released on Monday.
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Costco Dec same-store sales beat estimates

Costco Wholesale Corp on Thursday reported a better-than-expected nine percent rise in December sales at stores open at least a year, helped by an increase in gasoline prices and stronger foreign currencies.

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