Posts Tagged Consumer products and services

US stock futures rise after retail sales increase

In this Friday, April 11, 2014 photo, trader Anthony Carannante, left, works on the floor of the New York Stock Exchange. A government report showing March retail sales notched their biggest increase in 18 months helped give U.S. stocks a lift Monday, April 14, 2014. Better-than-expected results from Citigroup helped ease worries that first-quarter corporate earnings would be weak. (AP Photo/Richard Drew, File)

U.S. stocks mounted a modest rally on Monday, helping investors recover some of the ground lost after a rough finish last week.

Read the rest of this entry »

Tags: , , , , , , , , ,

US retail sales up strong 1.1 percent in March

In this March 24, 2014 photo, a pedestrian passes a J.Crew store in the Shadyside shopping district of Pittsburgh. The Commerce Department reports on retail sales for March on Monday, April 14, 2014. (AP Photo/Gene J. Puskar)

WASHINGTON (AP) — U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , ,

Uber meets local lookalikes in Asia taxi-app wars

In this Wednesday, March 19, 2014 photo, an Uber taxi driver drives his car through a street in New Delhi, India. Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. The company has in the last year started operating in 18 cities in Asia and the South Pacific including Seoul, Shanghai, Bangkok, Hong Kong and five Indian cities. (AP Photo/Saurabh Das)

MUMBAI, India (AP) — Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. There’s a twist, though: Instead of being the game-changing phenomena it was in the U.S., Uber faces a slew of competitors using similar technology.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , ,

Tribe banks on syrup for sweet relief from poverty

In this photo made Friday, March 21, 2014, Leah Moffitt, right, and Roger Socabasin drill holes while tapping maple trees on land owned by the Passamaquoddy tribe near Jackman, Maine. The impoverished tribe hopes to become one of the biggest maple syrup operations in the state. (AP Photo/Robert F. Bukaty)

PRENTISS TOWNSHIP, Maine (AP) — The members of the Passamaquoddy tribe have looked under their feet for a bottled water plant and have turned to the sky for a wind farm. But it’s the forest that will be the first to deliver as the impoverished tribe seeks to become one of the biggest maple syrup operations in Maine.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , ,

Family Dollar to close stores as shoppers pinched

In this file photo taken Dec. 14, 2010, Family Dollar employee Pamela Ramos, left, assists John Conner with a purchase at a store in Waco, Texas. Family Dollar on Thursday, April 10, 2014 said it will be cutting jobs and closing about 370 underperforming stores as it looks for ways to improve its financial performance. It says it will also cut prices on about 1,000 basic items. (AP Photo/Tony Gutierrezfile, File)

NEW YORK (AP) — Dollar stores are feeling the pinch from mounting financial pressures on low-income shoppers.

Read the rest of this entry »

Tags: , , , , , , , , , ,