AOL Inc. announced its acquisition of New York-based content marketing platform startup Pictela to bolster its advertising offering. Terms of the deal were not disclosed. Pictela is a platform for distributing videos, photos and applications across the Web in real time.
British retail sales rose in November for a second consecutive month as consumer spending picked up ahead of a hike in value added tax (VAT) next year.
UK retailer Sports Direct International Plc (LON: SPD.L), controlled by Newcastle United owner Mike Ashley, reported a 73 percent rise in pretax profits for the first half as the World Cup and strong online sales drove revenue growth.
Gain Capital Holdings, which operates retail foreign exchange broker FOREX.COM and other related services like contracts-for-difference trading, will debut on the New York Stock Exchange on Wednesday under the symbol GCAP.
Benchmark Capital raised its profit estimates and price target on Google Inc., citing the company's strong operating momentum in search business.
The brokerage maintained its 'buy' rating on shares of the software major with a price target of $33.
The National Retail Federation (NRF) raised its holiday sales forecast to 3.3 percent, or $451.5 billion, from 2.3 percent, saying stock market gains and income growth combined with great deals on merchandise have given consumers the capacity to spend.
US-based Macy's, Inc. announced the construction of a 1.3 million square foot fulfillment center near Martinsburg in West Virginia to support the continued growth of its online business.
SuperGroup, the owner of Superdry brand, reported a 86 percent rise in pretax profit for the first half on strong sales growth at its retail and wholesale segments. But, the British fashion retailer warned rising raw material prices may affect gross margins in the next financial year.
Stocks retreated in the final hour of trading after the Federal Reserve left interest rates unchanged at near-zero, maintained its bond-buying program and warned about the slow pace of economic recovery in the U.S.
The economic recovery is continuing, but at a pace that is not sufficient to bring down unemployment, according to a policy statement by the Federal Reserve’s Federal Open Market Committee (FOMC).
Gold and silver fell off day's highs after stronger-than-expected US data released Tuesday morning in New York strengthened the greenback, losses in which had helped the metals rose to 1-week highs earlier in the day, but both metals held on to the SMA support strongly.
U.S. stocks rose on Tuesday after surprisingly strong November retail sales boosted optimism about consumer spending in the holiday shopping season, even as the Federal Reserve issued yet another cautious statement about the economy.
US stocks advanced in early trade on Tuesday, following better-than-expected reports on retail sales and producer prices.
U.S. retail sales continued to rise in November for the fifth month, boosted by holiday shopping as well as fuel prices, the U.S. Commerce Department said.
Retail sales were stronger than expected in November as consumers stepped up despite the shadow of high unemployment, while producer prices rose, offering further evidence the economic recovery gathered steam in the fourth quarter.
Sales at retailers rose more than expected in November as consumers splurged on clothing and other items at the start of the holiday season and receipts at gasoline stations surged, more evidence the economic recovery gathered steam in the fourth quarter.
Futures on major U.S. stock indices point to modestly higher opening on Tuesday, following better-than-expected reports on retail sales and producer prices.
The National Retail Federation raised its holiday sales forecast, saying stock market gains and higher income have lifted consumer confidence and given shoppers the ability to spend more this year.
Strong November retail sales lifted U.S. stocks on Tuesday on optimism about consumer spending, even as weak sales from electronics bellwether Best Buy showed some specialty retailers could be struggling.
Consumers will be spending more on appliances this holiday season, according to an analytics-based forecast made by technology giant IBM earlier this year.
Demand is strong at David Dumas' South Carolina men's clothing store, but after being battered during the past two holiday seasons by the recession and financial market meltdown, he does not want to get too excited.
