"Amazon and UPS said Thursday they would offer refunds to customers who did not receive their Christmas orders on time, after a surge in last-minute online shopping caught the shipping giant off guard."
Originally published on Thu December 19, 2013 9:04 am
Target Corp. acknowledged early Thursday that there was a massive security breach of its customers' credit and debit card accounts starting the day before Thanksgiving and extending at least to Dec. 15 — the heart of the holiday shopping season.
Originally published on Tue December 10, 2013 2:16 pm
A French court has sentenced the head of a company that sold tens of thousands of defective breast implants to four years in prison for aggravated fraud. Poly Implant Prothese was once among the world's leaders in supplying implants. But its product was found to have a high rupture rate.
From Paris, NPR's Eleanor Beardsely reports:
"The Marseilles court convicted Jean-Claude Mas, the founder of the company, and three colleagues.
Originally published on Tue December 10, 2013 12:56 pm
Oil giant BP is challenging hundreds of millions of dollars in claims that were filed by businesses after the company's 2010 oil spill in the Gulf of Mexico.
The total price tag for BP's oil spill is huge — $42.5 billion. At issue here is a fraction of that — but still a lot of money. BP says $540 million has been awarded to businesses for losses that "are either nonexistent, exaggerated or have nothing to do with the Deepwater Horizon accident."
By COMMONWEALTH AS SUBMITTED BY CHORNYAK & ASSOCIATES
For many people, one of the joys of the holiday season is shopping. For others it's a chore that brings on stress. In either case, our post this month provides lots of information that will make you a more informed consumer.
Originally published on Mon December 9, 2013 10:55 am
New York's health insurance marketplace has been running relatively smoothly, compared with healthcare.gov, the site the federal government is running for 36 states.
But that's a low bar, and even though about 50,000 New Yorkers had signed up in the first two months, almost every day still brings complaints and glitches. Donna Frescatore, the head of the New York State Of Health, says there are no serious patterns of trouble, just individual issues that the state and its contractors address one by one.
Originally published on Sun December 8, 2013 6:27 pm
A U.S. company is taking what it hopes to be a small step toward eventually mining the moon.
Moon Express, based in Mountain View, Calif., just unveiled the design for a small robot spacecraft about the size of a coffee table that it says could move about the moon's surface powered only by solar panels and hydrogen peroxide.
Originally published on Fri December 6, 2013 1:40 pm
In recent years, Domino's Pizza has rapidly expanded overseas — helping it open stores at a faster clip than Starbucks or Dunkin' Donuts, according to Forbes. Part of that growth is in India, which company CEO J. Patrick Doyle says is poised to supplant Britain as the chain's largest market outside the U.S.
Originally published on Mon December 2, 2013 12:21 pm
Amazon is looking at drastically reducing its delivery times — to 30 minutes or less — as it plans a new service called Prime Air that it says could debut in a few years. In an interview on CBS' 60 Minutes, CEO Jeff Bezos said the giant online retailer plans to use semi-autonomous drones to carry purchases to customers.
That's got tech experts buzzing about whether the idea will fly.
Originally published on Fri November 29, 2013 2:06 am
You are not imagining it, the unofficial start of the holiday shopping season starts earlier and earlier. Black Friday has been around for decades — that's the point where retailers hope to begin to make a profit.
Shoppers looking to get a jump on deals can shop on Gray Thursday – think Black Friday intruding into Thanksgiving Day.
This Turkey Day, many national chains will open their doors early in an effort to boost sales. K-Mart opened at 6 a.m.
Originally published on Tue November 26, 2013 10:07 am
While home prices rose in major cities across the nation during the third quarter, data suggest that the housing market is beginning to shift to a slower rate of growth, according to the economists who put together the latest S&P/Case-Shiller Home Price Indices report.
Their statistics show prices rose 3.2 percent in the quarter and were up 11.2 percent from a year earlier.