Business

Black Friday: Walmart Places 20,000 Items on Sale

Vittorio Hernandez   | Nov 01, 2014 04:00 AM EDT

The end of Halloween festivities on Friday signals the start of the yearend holiday season for giant retailer Wal-Mart which would place over 20,000 items on sale. read more

U.S. Gas Drops Under $3, Cheaper than Milk

Danielle Austria   | Nov 01, 2014 12:24 AM EDT

Drivers woke up to a treat on Halloween morning with gas prices dipping below $3 a gallon—a first in nearly four years. read more

Amazon to Offer Black Friday Deals Starting Nov. 1

Cory Doyle   | Oct 31, 2014 07:15 PM EDT

Online retailer Amazon will be offering Black Friday deals earlier than ever beginning this Saturday Nov. 1, and will reportedly last until Dec. 22. read more

Amazon: We "Got The Price Wrong" On Fire Phone

David Curry   | Oct 31, 2014 11:41 AM EDT

David Limp, Amazon's senior vice president of devices, told reporters the company got the price wrong on its Fire Phone. read more

Alibaba Says it Will Be Bigger Than Wal-Mart in Two Years

Michael A. Katz   | Oct 31, 2014 11:38 AM EDT

"Within two years, the online retail volume of Alibaba will exceed the sales of Walmart," said Alibaba's president Jin Jianhang. But is it comparing apples to oranges? read more

China's Consumer Sentiment Hits Three-Year Low, Job Market Outlook Worst in Five Years

Michael A. Katz   | Oct 30, 2014 10:34 PM EDT

The Westpac MNI China Consumer Sentiment Indicator fell to its lowest level since September 2011, while employment confidence fell for the fifth consecutive month to match a five-year low. read more

Apple CEO Tim Cook is Gay, and proud of It

Christian George Acevedo   | Oct 30, 2014 02:35 PM EDT

Apple’s top executive broke the years of silence and in an essay published in Businessweek, Cook told the world that “I’m proud to be gay, and I consider being gay among the greatest gifts God has given me.” read more

China's Xiaomi Now Third Largest Smartphone Seller in the World

Andy Vitalicio   | Oct 30, 2014 05:17 AM EDT

Beijing-based Xiaomi Inc. has now become the world's third-largest vendor of smartphones, trailing only South Korean Samsung Electronics Co. Ltd. and U.S.-based Apple Inc., a study by Strategy Analytics shows. read more

Jack Ma Named Richest Man in China by Forbes Magazine

Michael A. Katz   | Oct 28, 2014 11:51 AM EDT

Forbes has named Alibaba Chairman and CEO Jack Ma as the richest man in China, topping the magazine's rich list for China for the first time with an estimated net worth of $19.5 billion. read more

China Eyes Merger Of Two Train Makers

Desiree Sison   | Oct 28, 2014 12:52 PM EDT

Talks are ongoing about a possible merger of two China train makers that will be able to compete globally read more

Apple Prepares for December with 50M iPhone 6 Steady Supply

Vanessa Francisco   | Oct 28, 2014 10:18 AM EDT

The initial iPhone 6 sales figures showed it attracted over 10 million buyers in the U.S. alone. read more

China Opens Yuan-SG Dollar Trade

Danielle Austria   | Oct 28, 2014 07:16 AM EDT

In an effort to further economic ties, China and Singapore will begin exchanging currencies in the interbank market on Tuesday (October 28). read more

CurrentC vs Apple Pay War Looms as Merchants Reject New Electronic Payment Service

Vittorio Hernandez   | Oct 28, 2014 01:19 AM EDT

If an iOS versus Android war rages in the smartphone and tablet market, a new battle is building up in the area of electronic payment. read more

Southern Illinois Business, University Look To Turn Invasive silver Asian Carp Into Gold

Dan Weisman   | Oct 28, 2014 10:08 PM EDT

Talk about modern alchemy, or turning lemons into lemonade; Southern Illinois businesses and local academicians this week were exploring ways of turning invasive Asian carp into profits. An 11-member Chinese delegation along with U.S. conservation leaders are scheduled to tour American Heartland Fish Products in Grafton, Ill. near St. Louis Wednesday to learn what they can do with the massive numbers of Asian carp invading Midwest waterways. read more

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