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Retail, Jobs Show Modest Improvement

U.S. retail sales rose slightly in June. Initial claims for jobless benefits fell sharply last week but remained at elevated levels.

 

Amazon aims to have voters decide on sales-tax law

Amazon aims to have voters decide on sales-tax law

The online retailer wants voters to strike down the California law requiring the company to collect sales taxes. Wal-Mart, labor groups and other opponents could wage a costly, noisy battle against such a referendum. Escalating its fight to thwart a new levy on Internet purchases, Amazon.com says it will ask California voters to overturn a state law requiring all companies with operations or affiliates here to collect sales tax.

 

Amazon Plans to Cut Ties With California Affiliates Over Tax Law

Amazon Plans to Cut Ties With California Affiliates Over Tax Law

Amazon.com Inc., the world’s largest Internet retailer, said it will sever ties with its affiliates in California if the state enacts a new law that requires the company to collect taxes on online purchases. California Governor Jerry Brown signed legislation yesterday mandating sales-tax collections by Web retailers, including Amazon, on purchases by state residents. The state’s pending budget plan counts on $200 million from the law. In an e-mail before the bill was signed, Amazon said the legislation was “unconstitutional and counterproductive.”

 

Wal-Mart Cuts Gas Prices To Reel In Customers

Retailer rolls back by 10 cents a gallon for users of its branded credit cards and gift cards.

 

Harry Potter e-books plan worries bookstore owners

Author J.K. Rowling has joined the 21st century on her own special terms. One of the world's most famous digital holdouts, Rowling announced Thursday that a new interactive website ...

 

Nothing Soft In Bed Bath & Beyond's Earnings

Bed Bath & Beyond posted fiscal first-quarter earnings Wednesday of $180.6 million, or 72 cents per share, compared to $137.6 million, or 52 cents per share, last year.

 

Talks to continue past midnight to avert strike at Macy's

Talks between the union representing 4,000 workers at four New York City area Macy's Inc stores, including its Herald Square flagship, and the company could continue past the midnight deadline on Wednesday to avert a strike at Macy's for the first time since 1972.

 

J.C. Penney names Apple retail exec as new CEO

J.C. Penney Co. says Ron Johnson, who pioneered Apple Inc.'s retail stores, will become the department store's next CEO.

 

Stocks shake off 2-week slump on retail sales news

Stocks shake off 2-week slump on retail sales news

Stocks are shaking off a two-week slump after a report on retail sales wasn't as bad as economists had predicted... The government said Tuesday that retail sales edged down 0.2 percent last month, the first decline in nearly a year. That was slightly better than analysts were expecting. Americans bought fewer cars during the month, but the decline reflected temporary supply chain disruptions caused by the earthquake and tsunami disaster in Japan. Excluding weak car sales, retail sales rose 0.3 percent.

 

Senate showdown over limiting debit card fees

Senate showdown over limiting debit card fees

Consumers are wedged in the middle of a fight between bankers and merchants as the Senate stages a showdown vote over whether to limit fees that stores pay financial institutions...

 

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