McDonald’s says it could raise prices of its fast-food items to offset rising food costs even as its net income climbed two percent to $1.24 billion for the quarter and revenue increased 4 percent to $6.21 billion. The world’s biggest hamburger chain kept competitors at bay with low-priced offerings and the strength of its McCafe […]
Manufacturers of 3D television sets will soon be selling lighter and more affordable 3D glasses this year similar to those worn by moviegoers. TV makers are blaming the current heavy 3D glasses for the dismal sales of 3D television sets last year. They said they need to replace some older 3D TVs with newer models […]
American shoppers returned to their usual spending ways during the holidays this year, abandoning their thrifty shopping behavior during the last two years amid the economic crisis. More people bought items for themselves, their families and friends this year more than they did last year. Luxury items, which were scratched off many shopping lists last […]
Retail sales this month have blown past last year’s pace as U.S. holiday shoppers rush to finish all their purchases as Christmas nears, according to ShopperTrak who released the revenue report on Wednesday. Last year, revenue was down overall since a snowstorm whipped through the East Coast, closing stores and malls during the peak holiday […]
The U.S. holiday shopping season sales may be stronger than expected as the National Retail Foundation today upgraded its estimate of American consumer spending from 2.3 percent this year to 3.3 percent. Retailers, both online and brick-and-mortar, still expect many American shoppers to flock to stores in the days ahead for last-minute Christmas shopping. They […]
Amazon Inc. has decided it would refund buyers of defective Amazon Kindle covers after receiving many complaints that the cover prevents the e-reader to function properly. Most of the complaints were in an online forum about a cover selling for $34.99 which comes in seven colors. It fits the Wi-Fi version of the Amazon Kindle […]
Samples of drinking glasses with possible dangerous levels of lead have been gathered by the U.S. Consumer Product Safety Commission to determine their safety for consumers. The glasses are painted with cartoon and film characters and were targeted more for children than adults, federal officials say. The importer of the said glasses from China, the […]
Grocery chain Publix has asked manufacturers of reusable shopping bags to supply them with less lead following a report by the Tampa Tribune that some bags used by supermarket customers contain excessive amounts of lead. The newspaper had about a dozen bags tested and the findings showed that lead levels were beyond the prescribed limits. […]
RIM or Research in Motion is planning to sell its new Blackberry PlayBook tablet for just under $500 to compete with Apple’s iPad which retails at a price of $499 for the most basic variant. The announcement was made by RIM co-chief executive officer Jim Balsillie in an interview with Bloomberg. “The product will be […]
Walls that were constructed to protect the legendary Sphinx monument in Egypt from the harsh desert winds of the Sahara were recently discovered by Egyptian archeologists. The country’s Supreme Council of Antiquities said that the walls form part of a bigger enclosure designed to protect the monument from the elements. The Sphinx was made by […]
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