Utah-based Overstock.com Inc. is currently under attack as district attorneys from different counties in northern California claim the discount retailer has made several misleading and false statements regarding its promotions and deals. In the 33-page complaint lodged at the Alameda Country Superior Court, the district attorneys asserted that starting from the ... Read More

On Thursday, the House was unable to pass the bill which would have extended the filing dates for unemployment benefits by three more months. The legislation was supposed to extend the filing deadline for federal unemployment claims to  February 28, which would have allowed more people to avail of the benefits. ... Read More

According to Chinese Premiere Wen Jiabao, Beijing will soon implement measures in hopes that the sharp rise in prices of politically-sensitive food items will stop. This is in line with the country's efforts to win the battle against a steep cost of living. Wen, China's top economic official, stated that the ... Read More

Caterpillar is set to invest heavily on the increasing demand for global commodities as it bids on mining equipment manufacturer Bucyrus for a total of $8.6 billion. This investment may very well have a positive effect on equipment distributors in Canada. The Illinois-based company's decision to open its doors to the mining ... Read More

Makers of Four Loko, the caffeinated alcoholic beverage that was banned in several states, said they will stop shipping their products to the state of New York. Governor David Paterson, together with the State Liquor Authority, said they came to an agreement last Sunday with Phusion Projects, the makers of Four ... Read More

On Tuesday, The Walt Disney Company posted unexpectedly low fourth quarter earnings due to some of ESPN’s revenue shifting to the third quarter and general weakness in the company’s theme park ventures. Uncharacteristically for Disney, the company was in chaos on Thursday when one employee posted the latest financial reports earlier ... Read More

A higher-than-expected rise in China's inflation rate sparked worries that the country would need to up its interest rates thereby slowing its economic growth. Consumer prices in China increased 4.4 percent in October, compared to an increase of 3.6 percent last September, much higher than the 4 percent rise originally predicted. The ... Read More

Prices of precious metals closed at record highs on November 8 despite a rallying dollar due to positive outlook following the latest bout of quantitative easing. Usually, a strong performance of the US currency boosts prices of commodities traded in dollars like gold and oil so it is surprising that bullion ... Read More

E-commerce giant Amazon is set to announce on Monday that it has clinched a deal to buy Quidsi, the owners of websites Soap.com and Diapers.com. The agreement called for a $540 million cash payout, with the co-founders of Quidsi agreeing with Amazon's requirement for long term employment contracts. The cash payout ... Read More

Major US retail stores have begun offering different holiday sales promos this weekend – three weeks earlier than the traditional commencement of the Christmas shopping season in the US, which normally takes place on “Black Friday”, or the end right after Thanksgiving. JC Penney, with their “Biggest Sale of Them All” ... Read More