Wednesday, August 13, 2014

Retail sales sour, Macy’s blames grumpy shoppers, Amazon debuts payment app

THE FORTUNE DAILY

Wednesday, August 13, 2014

Retail sales the weakest in six months


U.S. retail sales were unchanged in July, new government figures show, suggesting American consumers still aren't embracing the economic upturn.

The trouble with Bitcoin


The CFPB released a report Monday that outlines all the foreseeable problems with virtual currencies like Bitcoin.

Macy's blames foul shopper mood for poor 2nd-quarter results


The retailer reported downbeat earnings and lowered its sales forecast for the full fiscal year.

Amazon taking a swipe at mobile payments


The e-retailer is launching a card reader and mobile app that can be used by businesses to process mobile transactions.

Japan's economy shrank by the most in 3 years in 2Q - but don't panic


Consumption plummets on effect of big sales tax hike in April that distorted spending patterns.

By Tom Huddleston, Jr.

King Digital report confirms it's still a one-hit wonder


The Candy Crush Saga-maker has lowered its full-year outlook and reported that second quarter sales fell from the previous quarter.

By Claire Zillman

Why it's so hard for Aunt Jemima to ditch her unsavory past


A genuine brand history is nearly impossible to replicate, which makes parting with a controversial name incredibly tough for any business.

By Benjamin Snyder

Apple CEO Tim Cook 'not satisfied' with company's poor diversity


70% of Apple's employees are men, and more than half its staff is white.
Weak output in Eurozone lays ground for grim 2Q GDP
Retail sales and Amazon's new gizmo — five things to know today
Lookout, a mobile security software company, raises $150 million
Deere's profit falls as farm equipment sales decline
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