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Senate planning vote on Internet sales tax bill

The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years.

 

Made in the USA: More consumers buying American

A curious thing is happening among American shoppers. More are checking labels and asking, "Is it 'Made in the USA?'" Walmart, the nation's largest retailer, earlier this year announced it will boost sourcing of U.S. products by $50 billion during the next 10 years. General Electric is investing $1 billion through 2014 to revitalize its U.S. appliances business and create more than 1,500 U.S. jobs.

 

Hasbro 4Q revenue misses, to cut jobs

Toy maker Hasbro says its fourth-quarter revenue failed to meet expectations because of weaker-than-expected demand over the holidays.

 

With a Mall Boom in Russia, Property Investors Go Shopping

While malls appear to be past their peak in the United States, in Russia they are luring shoppers with money to spend, and investors like Morgan Stanley... Shoppers who find that 250 stores aren’t enough can go ice skating, watch movies or even ride a carousel, all under a single roof.

 

Amazon most satisfying website to shop: survey

Amazon

Amazon.com Inc remained the best website for shopping online while JC Penney Co Inc suffered the largest drop in customer satisfaction of any major online retailer this holiday season, according to a survey released on Thursday.

 

Retailers pull stocks lower on poor holiday sales

New York Stock Exchange

Stocks are closing lower after a weak holiday shopping report sent shares of major retailers lower. The Dow Jones industrial average fell 24 points to close at 13,114 Wednesday. It was the third straight loss for the Dow.

 

Ho Ho Holy Discount: Vatican tax-free store busy

Flatscreen TV

Anyone left on your Christmas list just aching for a 65-inch Samsung 3D flat-screen television? Just your luck. The Vatican's duty-free department store has one on sale for €2,899 ($3,840) — a nifty savings over the €3,799 ($5,032) it costs at Italy's main electronics chain Euronics.

 

Facebook users hit 'like,' stores jump into action

Facebook isn't just for goofy pictures and silly chatter. Shoppers' actions online help dictate what's in stores this holiday season.

 

All items in '12 Days of Christmas' now top $107K

Add seven swans, six geese and five golden rings to the list of Christmas gifts that cost more than they did a year ago.

 

Chasing Early Sales, Retailers Undercut Black Friday

Sales on the day after Thanksgiving fell from those a year earlier, after stores started their “doorbuster” promotions early in the week and opened for business on Thursday evening.

 

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