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Black Friday spending reaches average of $289 per person

Consumers shelled out $299.60 in 2015, according to the trade group, which bases its figures on surveys conducted by Prosper Insights & Analytics. Cyber Monday is on track to set a new record with $3.39 billion spent online in the US, a 10.2 percent increase year-over-year, according to data released by Adobe tonight.

Business

Amazon To Step Up War On Fake Goods

Amazon has acknowledged a worsening counterfeit problem on its site and says it has made fighting the fake products a "major goal" for next year (via The Verge ). No additional details about plans to curb fake products were provided. As you will have read previously on Tamebay, Amazon is really cracking down on reviews left by users with the aim making them as useful as possible and unskewed by incentives and freebies.

Business

Cyber Monday to hit record $3.36 billion - Adobe

Black Friday was the first day in US retail history with more than $1 billion in sales via mobile devices, with such sales jumping 33% to $1.2 billion, according to Adobe Digital Insights . Walmart reported more than 60% of their online sales orders came from phones. Out of the estimated 135.9 million USA adults who shopped this past week, 35 percent did so by phone and tablet, an increase from a 28 percent share a year ago, according to the trade group's survey .

Business

Adriaan Strauss: 'We Are Playing For More Than Allister Coetzee's Job'

It is hard to point a finger at exactly what is wrong. Their opponents on Saturday are in similar dire straits, having scraped past Argentina before nearly succumbing to defeat against Japan. Lourens Adriaanse was in at tighthead prop for Vincent Koch. Perception is a peculiar thing, a trickster that plays games with the facts and the impressions they leave.

Business

Numis Securities Gives Aberdeen Asset Management Price Target With Potential -0.5% Downside

Aberdeen Asset Management PLC has 1,284,699,000 shares outstanding at the moment which are trading around 292.8 bringing Aberdeen Asset Management PLC's market capitalisation to 3.76B GBP. Liontrust Asset Management PLC (LON:LIO) has risen 23.88% since April 29, 2016 and is uptrending. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Business

Aberdeen Asset Management plc 8.6% Potential Decrease Indicated by Cantor Fitzgerald

JP Morgan Cazenove's PT indicates a potential upside of 20.89% from the company's last close price. Liberum Capital lifted their target price on shares of Aberdeen Asset Management plc from GBX 243 ($3.01) to GBX 323 ($4.01) and gave the company a "hold" rating in a research note on Friday, October 7th.

Business

Lenovo ZUK Edge coming in December, confirms CEO

After a lot of leaks and speculations surrounding the Zuk Edge, the Zuk CEO has finally come forward and conformed that the company will be launching its new Zuk Edge next week. There are also rumors that a top-tier variant featuring 128 GB of internal storage will also be launched. The smartphone features a 13 MegaPixel rear camera and capable of 4 K video recording.

Business

What do Analysts Say about: Wells Fargo & Company (NYSE:WFC)

Similar, the positive performance for the quarter recorded as 35.19% and for the year was 26.11%, while the YTD performance remained at 26.45%. The company's stock is moving with the distance from SMA 50 of -12.47 Percent while the distance from 200-day simple moving average for the stock is -4.45 percent.

Business

Autumn Statement: Government set to borrow more as economy slows down

Hammond said the OBR now saw economic growth in 2018 at 1.7 per cent compared with March's forecast of 2.1 per cent. But the new fiscal mandate is also threatened by a forecast explosion in the number of pensioners in the early part of the next decade, the OBR said.

Business

StanChart to cut 10 percent of corporate, institutional banking staff

The unit, which houses the investment bank, has been run by Simon Cooper since April after he was recruited from HSBC Holdings Plc. A year after Chief Executive Officer Bill Winters unveiled his blueprint to turn around the lender, revenue is still falling across all divisions and the bank has said it's unlikely to hit profitability targets amid regulatory and economic uncertainty.

Business

B.C.'s rental vacancy rate increases to 1.3 per cent

CMHC reports that the average rent for an apartment in October was $83, up from $747 a year ago. But while the vacancy rate remained steady, the cost of housing has increase slightly in Vernon. The vacancy rate for all of B.C. rose to 1.3 per cent this year, up from 1.2 per cent which is more than two percentage points below the national rate of 3.4 per cent.

Business

South Carolina Gov. Nikki Haley, Betsy DeVos selected to join Trump administration

She signed state legislation to thwart a pro-Palestinian disinvestment campaign against Israel, known as Boycott, Divest and Sanction, or BDS - which made Israel one of the first to welcome her nomination. He later tweeted that the people of SC were "embarrassed" by Ms Haley. Trump's nomination of South Carolina's 44-year-old governor, Nikki Haley , as USA ambassador to the United Nations will be seen as a sign he is ready to forgive some foes to raise a bigger tent.

Business

Iraq will participate in OPEC oil-production cuts, al-Abadi says

The country wants OPEC to reduce production by a total of 900,000 barrels a day when it meets next week in Vienna because low prices are hurting global investment in the industry, he said. According to the report, a "gathering of experts" made a decision to recommend the oil ministers' meeting on November 30 include debate of a proposal from member Algeria to curb its output by that amount.

Business

Rosberg: Abu Dhabi was my toughest race

The fact that Hamilton has won 10 races to Rosberg's nine this year will be of no consolation to him. All of Hamilton's skullduggery was in vain as Rosberg won his first world title, but the British driver was frustrated by his team's actions.

Business

Sensex slides 133 points in early trade; banks lead fall

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 1436.40 crore yesterday, as per provisional data released by the stock exchanges. Major gainer was Bharti Airtel rose by 5.53 % after the firm said Bharti Airtel International (Netherlands) BV through its wholly owned subsidiary has completed the acquisition of Econet Wireless' entire 4.2 % stake in Airtel Nigeria.

Business

Trump vows to withdraw from TPP on day one

U.S. Trade Representative Michael Froman, in an interview with Agri-Pulse this week, said it doesn't look like there will be a vote. "Losing the largest economy in the world in the TPP - the country that drove the process to a successful conclusion - losing them as a partner, it is like losing Wayne Gretzky on your hockey line", Mr.

Business

Saudi urges OPEC to cut output to 32.5m bpd

Members of OPEC are "all hands on deck" to reach an agreement by the group's November 30 meeting, Secretary-General Mohammed Barkindo said in an interview in Marrakech, Morocco, on November 15. However, he said that oil prices are likely to strengthen next year when some production cuts are expected by some OPEC members coupled with production declines outside the cartel because of slowing investments.

Business

United States businesses cheer overtime ruling, many already upped pay

So, the new rule would have doubled the threshold for salaried workers to be eligible for mandatory overtime pay from less than $24-thousand to more than $47 thousand. His office said the rule would have hurt businesses far too much. "I think they must have been confused in the economics of this because a simple lesson shows that you can't just require businesses to pay their workers more", Greszler contended.

Business

Court blocks federal plan to expand overtime pay

A Texas judge has halted enforcement of a new rule that would qualify millions more workers for overtime pay, finding the Labor Department exceeded its authority in increasing the minimum salary level for eligibility. " We strongly disagree with the decision by the court, which has the effect of delaying a fair day's pay for a long day's work for millions of hardworking Americans ".

Business

Watchdog warns 'bumpy' Brexit could mean rougher times for United Kingdom economy

Net migration to Britain during that period was 327,000 people, and if Britain had voted to stay in the European Union, the OBR would have forecast migration to continue at this rate. The British economy has remained resilient since the referendum, even as a cut in the Bank of England's main interest rate to a record low of 0.25 per cent has contributed to a slump in the pound.

Business

Shoppers elect to shop local on 'Small Business Saturday'

The National Federation of Independent Business and American Express says more than 95 million people shopped at small business on this day last year, which is up by 8 percent from the year before. A local family enjoyed discovering downtown together, saying there is an important reason they choose to shop small. Hundreds of people visited downtown Knoxville to get a head start on their holiday shopping and support the number of local businesses in the community.

Business

Deals offered for days, so will shoppers buy on Cyber Monday?

Retailers across Canada and the US are getting ready for Cyber Monday, not sure if it will be as busy this year as it has been in the past. - Your Cyber Monday orders are born on your computer. Black Friday wasn't even over before Walmart was promoting its Cyber Week deals on its website. According to the National Retail Federation , more than 122 million Americans will take part in the shopping experience, largely recognized as one of the biggest online shopping days of the year.

Business

Make sure your Cyber Monday shopping is safe

While online sales are morphing Black Friday into more of a cyber-themed event, it's the promotions and deals that will have consumers paying attention on Cyber Monday, according to Prosper's principal analyst Pam Goodfellow. The phrase was coined in 2005 to encourage online buying when people returned to offices where they had high-speed internet connections. Black Friday alone contributed a record $3.34 billion in digital sales , increasing 21.3% from a year ago.

Business

Cyber Monday tips to protect your identity and back account information

Online shopping may be convenient, but it can open up your personal information to online hackers. "Everyone does have down time-that actually keeps them in the office, from leaving early or taking a day off to go shopping". This applies to desktop computers, laptops, tablets, and mobiles - if you surf the web on a device that is not upgraded you will inevitably be at risk of cyber attack and fraud.

Business

Black Friday, Thanksgiving Day sales break online sales records

To Bishop, the convenience of online shopping is worth more than finding the best deal. So it was proposed to the retailers to transfer the products they haven't sold online, so the people could come to work on Monday and be surprised they could still purchase the things they liked.

Business

Oil prices retrace losses but doubts remain over OPEC output deal

But Russia is reportedly not willing to reduce its output, only keep it at its present levels. Not getting a deal "could be the end of OPEC", energy analyst Alexandre Andlauer told AFP. "Oil prices have fallen considerably on worries about the deal". Today, energy ministers of Algeria and Venezuela will try to conclude an agreement with Russian Federation in Moscow to cut oil production.

Business

Even with holiday creep, Black Friday a big shopping day

On Thanksgiving Day, folks spent $1.9 billion on online deals, according to Adobe, up 12% from previous year. "If it were up to me, I would be in my pajamas and on my computer at home". "I do most everything online now", Tate said. "The prices, you know, come down for people like me ..." Retailers are also increasingly making available online the type of door-buster deals typically reserved for store locations on Black Friday.

Business

$3.34 billion spent online on Black Friday, new record

All told, the National Retail Federation projects that shoppers will spend $655.8 billion in November and December. Shoppers hunted for bargains both online and at stores on Black Friday, putting the retail industry on track for what it hoped would become a record sales weekend.

Business

Exxon Mobil Corporation (NYSE:XOM) Sets Foot in Liberia

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 4 selling transactions for $4.22 million net activity. 06/02/2016 - Exxon Mobil Corporation was downgraded to "neutral" by analysts at Bank of America Merrill Lynch.

Business

Trump reveals 2 more staff appointments

Election officials estimate the effort will cost up to $1 million. Along with providing guidance on ethics issues, the White House Counsel's office advises the president on the legality of proposed executive orders and legislation passed by Congress and vets potential administration appointees, including Supreme Court justices.

Business

Dictionary.com's word of the year is 'xenophobia'

Some of the most prominent news stories this year have centered on fear of the "other" – the Brexit vote, police shootings, Syria's refugee crisis, transsexual rights, and the USA presidential race, leading Dictionary.com to pick “xenophobia” as its word of the year.

Business

Dakota Access Pipeline protesters gather in NY

Calling themselves "water protectors", they gathered outside offices of the U.S. Army Corps of Engineers, which granted permits for the pipeline in July, but subsequently said more analysis was needed to address concerns raised by the Standing Rock Sioux Tribe.

Business

Reliable stocks in today's share market: Coca-Cola European Partners Plc (NYSE:CCE)

Annex Advisory Services LLC now owns 4,955 shares of the company's stock worth $225,000 after buying an additional 629 shares in the last quarter. 06/01/2016 - Coca-Cola Enterprises, Inc. During last trade, its maximum trading price was registered $33.82 and it's the minimum trading price was noted $33.33. The Stock had a 2.5 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.35 and 2.35 respectively.

Business

Hartford Financial Services downgraded to Mkt Perform By FBR & Co

Also, CEO William S. Demchak sold 179,809 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has "Neutral" rating given on Wednesday, November 16 by Bank of America.

Business

Eli Lilly Alzheimer's drug fails in clinical trial

Outgoing Eli Lilly CEO John Lechleiter told CNBC on Wednesday that solanezumab's failure is a disappointment for Alzheimer's sufferers, but the company has other potential treatments for the disease in the pipeline. Winding down solanezumab has Eli Lilly expecting to take a pretax fourth-quarter charge of approximately $150 million, or approximately $0.09 per share after taxes.


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