Of the 10 Cyber Monday promotions since 2005, the major department stores have all traded down at least 9 of the 10 sessions.» Read More
Nov 19- Google Inc, a unit of Alphabet Inc, said it appointed VMware Inc co-founder and industry veteran Diane Greene to run its cloud business, as CEO Sundar Pichai pushes ahead with efforts to gain share in the fast-growing market. Pichai has made selling cloud storage space to enterprises a growing priority for the company to take on rivals Amazon.com Inc and...
NEW YORK, Nov 19- Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, rose as much as 64 percent in their market debut, sharply countering the negative sentiment that has nagged at Silicon Valley startups in recent weeks. Square's shares touched a high of $14.78 in early trading on Thursday before...
One analyst explains why Amazon, Netflix and Facebook will rally into the new year.
Nov 19- Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, rose as much as 64 percent in their market debut, offering hope to tech startups hoping to go public. While the stock popped at the opening, the IPO price of $9 per share was well below the expected range of $11- $13. "The shares will do well given...
Nov 19- Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, rose as much as 64 percent in their market debut on Thursday, offering some hope to startups hoping to go public. Square's shares touched a high of $14.78 in early trading, valuing the company at $4.77 billion. Competition is also...
Nov 19- Best Buy Co Inc forecast a revenue decline for the crucial holiday quarter and reported lower-than-expected quarterly sales due to weak demand for mobile phones, tablets, repair services and warranties. Chief Executive Officer Hubert Joly on an earnings conference call attributed the results for the third quarter ended Oct. 31 to weakness in the...
A majority of U.S. consumers plan to go to Amazon.com for most of their online holiday shopping, according to a Reuters/Ipsos poll.
CHICAGO, Nov 19- A majority of U.S. consumers plan to go to Amazon.com for most of their online holiday shopping, according to a Reuters/ Ipsos poll, even after traditional retailers have collectively spent billions of dollars to try to capture Web demand. The survey of 3,426 adults conducted from November 12 to 18 found that 51 percent plan to do most of their online...
Fed speakers Thursday should say just what the central bank discussed at its last meeting — a rate hike could be coming in December.
*Best Buy will report quarterly earnings on Thursday. *Sears' woes create opportunity for Best Buy in appliances. CHICAGO, Nov 18- Best Buy Co Inc is betting that appliance sales will drive significant revenue growth in the future, a strategy that is likely to benefit the biggest U.S. electronics chain when it reports earnings on Thursday.
Nov 18- NetApp Inc reported a quarterly profit that beat analysts' estimates, as the company's cost-control measures and a shift to cloud-based storage products begin to yield results. NetApp faces strong competition from EMC Corp, which is being bought by Dell Inc in a $67 billion deal, and newer flash-based storage vendors such as Nimble Storage Inc..
Bidders have found little appeal in disfavored retail stocks, even as chains sink to valuations that were appealing in the past.
The needle on Apple shares has barely budged in the past 52 weeks, but that doesn't mean much to Morgan Creek CEO Mark Yusko.
There's one area where the big-box discounters continue to fall short: Online sales growth.
Retailers and restaurants are testing robots in the aisles of stores, using them for jobs done by sales associates.
Ahead of one of the biggest shopping events of the year, a group of retail companies could see their shares rise, if history is any guide.
U.S. stock futures were higher this morning, despite European equities being under pressure on security concerns after Friday's attacks in Paris.
Here is what a well-respected hedge fund, Lone Pine Capital, is buying, according to an investor letter and regulatory filings.
Last holiday season, Amazon rolled out new deals every 10 minutes.
The boss of Snapdeal is confident that his firm can become the market leader in India's rapidly-growing e-commerce market by the end of this fiscal year through March.