Oil prices decline as demand worries outweigh Iran supply challenges
November natural-gas futures end flat as contract expires Oil futures finished lower Monday, pressured as losses in the Chinese stock market fed concerns over a potential slowdown in energy demand, even as U.S. sanctions on Iranian oil were expected to tighten global supplies. Investors pondered whether Saudi Arabia and its oil-producing allies will be able […]
Walmart to use roving checkout scanners to streamline holiday shopping
Retail giant touts new digital store maps, upgraded website Walmart Inc. is aiming to get customers in and out of its stores more smoothly this upcoming holiday season, adding roving checkout scanners and digital maps to help shoppers. The retail giant announced Tuesday a host of improvements intended to streamline how its customers shop over […]
US consumer spending up
U.S. consumer spending rose by an inflation-adjusted 0.3 per cent in September, led by increased spending on health care services and motor vehicles. The Commerce Department also says that the Federal Reserve’s preferred measure of inflation returned to the central bank’s 2 annual per cent target after having been slightly elevated in prior months. In […]
Red Hat soars on IBM deal
Shares of Red Hat skyrocketed at the opening bell Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company. The $34 billion stock deal translates to $190 per Red Hat share — a 63 per cent premium to the closing price Friday for the Raleigh, North Carolina company. Red Hat […]
American Apparel is back
One of America’s most controversial clothing brands is making a comeback, but ditching some of its signature traits. American Apparel will return to the Canadian market with an online store on Nov 1, a year after its bankruptcy and closure. This time the brand will be Canadian-owned and for now, won’t have any physical stores […]
3-D phone hits market
Most leading phones offer the same basics: Big screens, decent battery life and good cameras. So when a newcomer brings something innovative to the party, why is it difficult to break through a phone market dominated by Apple and Samsung? One such smartphone comes out this week from Red, a company with roots in digital […]