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What IHS predicts for US economy in 2011

Chairman of the Federal Reserve Ben Bernanke delivers opening remarks at a Federal Reserve System symposium in Arlington, Virginia
The U.S. economy is on course to a self-sustaining recovery in 2011, aided by the private sector’s return to health and a further injection of fiscal stimulus, IHS Global Insight has said.
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December U.S. retail sales: upswing's last hurrah?

U.S. retailers should post another month of strong sales gains for December, capping their best holiday season since 2007, amid doubts that shoppers will keep spending as enthusiastically in the new year.
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Skype Launches Video Calling On iPhone

After an outage that stranded multiple users last week, Skype pulls an ace from its sleeve to woo its disgruntled customers, launching an iPhone app with video chat capabilities.
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Retail sales down 4.1 percent last week: report

Retail sales fell 4.1 percent in the week ending on Christmas Day, according to research firm ShopperTrak, largely because December 26 fell on a Sunday this year and was not included in Christmas week sales.
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Investor doubts linger over holiday sales upside

New sales data confirm that retailers are poised to show their best holiday season in three years, but investors seemed unimpressed as concerns mount that shoppers will pull back in the new year.
LG 3d tv

LG Could Unveil Mobile 3D TV

The tech blogosphere has been rife with rumors that LG Electronics plans to unveil a portable 3D television at the Consumer Electronics Show in Las Vegas.
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Retail sales spike week before Christmas:report

U.S. retail sales rose in the week before Christmas as shoppers hurried to finish their gift-buying, putting holiday sales on track to hit the high end of estimates, according to data released on Tuesday by the International Council of Shopping Centers and Goldman Sachs.
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German retailers see sales upturn extending into 2011

German retailers expect the strong growth in sales during the Christmas shopping season to be extended into 2011 because underlying conditions are good, a leader of the HDE retail industry association said on Thursday.
TD Bank to acquire Chrysler Financial for $6.3 bln

TD Bank to acquire Chrysler Financial for $6.3 bln

Toronto-Dominion Bank has agreed to buy Chrysler Financial from private equity firm Cerberus Capital Management, L.P. (Cerberus) for $6.3 billion in cash, part of a major expansion of Canadian banking behemoths into the United States.
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Dangdang to diversify from books, plans expansion

Online retailer Dangdang Inc, considered as China's answer to Amazon.com, aims for sales of general merchandise to exceed that of books and other media as it diversifies in the highly competitive e-commerce sector.

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