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Amazon delivers big profits but shares dive

SAN FRANCISCO - US online giant Amazon on Thursday reported profits doubled in the past quarter, as it attracted more customers with video and other services, but the results missed Wall Street forecasts...

29 Jan 2016 12:15


P&G profit soars as core sales turn positive

NEW YORK - US consumer products giant Procter & Gamble reported a jump in second-quarter earnings Tuesday, despite a strong dollar that continued to depress the value of foreign sales...

28 Jan 2016 07:15


Apple's iPhone joyride ends

SAN FRANCISCO - Apple on Tuesday forecast a sales decline for the first time in more than a decade, adding to evidence that the market for smartphones is becoming saturated and threatening the company's unprecedented run of success...

27 Jan 2016 08:45


Soft drinks industry faces headwinds of increasing, shifting health concerns

CHICAGO - According to Euromonitor International's hot and soft drinks industry research, released yesterday, the global hot drinks industry performed well, achieving slight improvement over growth in 2014...

21 Jan 2016 09:15


Devices start ordering refills from Amazon online shop

SAN FRANCISCO - Amazon on Tuesday announced the arrival of devices that order their own refills from the online retail titan...

21 Jan 2016 07:10


Amazon dips toes into maritime shipping

SAN FRANCISCO - Amazon said on Friday it has taken the first steps to begin maritime shipping operations, adding to its already vast arsenal of logistical operations...

18 Jan 2016 09:00


With 'smart fitness watch', Fitbit eyes new players

LAS VEGAS - Fitbit on Tuesday unveiled its 'smart fitness watch', aiming to get into the growing smartwatch segment with upgraded fitness tracking features...

7 Jan 2016 07:50


Oculus to start taking virtual reality headset orders

LAS VEGAS, USA: Facebook-owned Oculus VR will begin taking orders for its Rift virtual reality headsets on Wednesday, as the doors of Consumer Electronics Show gadget extravaganza officially open in Las Vegas...

5 Jan 2016 09:52


China economy weighs on consumer tech spending

LAS VEGAS - Spending on personal tech gadgets is taking a hit from the economic slowdown in China and the strong US dollar, researchers from the Consumer Technology Association said Monday...

5 Jan 2016 08:10


Amazon adds 3 million Prime subscribers

SAN FRANCISCO - US online giant Amazon says it added three million customers to its Prime subscription service worldwide in the third week of December, as it capped a record holiday season...

29 Dec 2015 07:35


Global age challenges post-oil economy & national exports

The post-oil economy is here to stay for a while. Why wouldn't governments and major trade associations of any exporting nation embrace national mandates to all out campaigns...

By Naseem Javed 21 Dec 2015 08:20


Wearable tech market surge led by new gadgets

WASHINGTON - The global market for wearable technology is seeing a surge, led by watches, smart clothing and other connected gadgets, a research report said on Thursday...

18 Dec 2015 12:00


Walmart unveils mobile pay service, challenging Apple

WASHINGTON - Walmart on Thursday announced it was launching its own mobile payments service, challenging similar offerings from Apple, Samsung, Google and others...

11 Dec 2015 10:40


Yahoo plans "reverse spinoff" instead of Alibaba sale

WASHINGTON - Yahoo said Thursday it would seek a "reverse spinoff" that would separate the Internet company's core operations from its holdings in China's online giant Alibaba...

10 Dec 2015 08:00


Chipotle shares fall as E. coli outbreak hits sales

NEW YORK - Shares of Chipotle Mexican Grill fell on Monday after the restaurant chain projected much lower-than-expected profits on plunging sales due to an E. coli outbreak in the United States...

8 Dec 2015 12:05


Keurig agrees to $13.9bn buyout by private investors

NEW YORK - Keurig Green Mountain, maker of single-cup coffee pods and makers, said Monday it is being bought for $13.9 billion by a group of private investors led by JAB Holding Company...

8 Dec 2015 08:10


Wearables market surge led by Apple, Chinese makers

WASHINGTON - The global market for wearable tech surged in the third quarter, fueled by the Apple watch and gains from Chinese manufacturers, a market tracker said on Thursday...

4 Dec 2015 09:55


Amazon gives glimpse at new delivery drone design

SAN FRANCISCO - Amazon provided a glimpse into the future of online shopping in a video of a new delivery drone that racked up more than two million views by mid-Monday...

2 Dec 2015 08:20


Black Friday online shopping rivals stores: US survey

WASHINGTON - Many Americans bought online as they did in physical stores during the Thanksgiving weekend shopping splurge, the National Retail Federation said on Sunday, highlighting a growing trend away from the traditional Black Friday consumer assault...

30 Nov 2015 09:45


Walmart earnings dip but beat expectations

NEW YORK - Walmart Stores reported a rise in comparable sales at US stores in the third quarter on Tuesday but earnings dipped due in part to the strong dollar...

18 Nov 2015 11:55

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