August retail sales disappoint, USA
August retail sales rose by 0.2%, compared to a revised 0.4% in July, the US Commerce Department informed.
August saw the smallest increase since April.
The...
70% of of global incremental energy demand will come from Asia
Over the next two decades more than 70% of global incremental energy demand will come from Asia.
The news was announced at the Annual Meeting...
Consumer Reports Index shows financial difficulties rise in America
There has been a steep rise in financial difficulties, according to the Consumer Reports Index, as well as people reporting a weaker view of...
Chinese economy is on track for smooth and sustainable growth
China is at a very “crucial stage” of economic growth, according to the Chinese Premier Li Keqiang.
Premier Li announced at the Annual Meeting of...
Inequality grows in America
The difference in income between the 1% richest and the other 99% was higher than ever in 2012, researchers from the University of California,...
How do consumers compare prices? It depends on their power
The way that consumers react to prices is relevant to how powerful they feel, according to research published in the Journal of Consumer Research.
One...
Consumer reaction to flattering salespeople
Even if they believe a compliment is sincere, consumers tend to have negative reactions to salespeople’s flattery, researchers reported in the Journal of Consumer...
Deloitte receives a £14 million fine over MG Rover allegations
The accountancy firm giant ‘Deloitte’ has just received a £14 million fine for failing to identify conflicts of interest in the advice it gave...
Glaxo sells drinks brands to Suntory for $2.1 billion
GlaxoSmithKline PLC (Glaxo), the third largest pharmaceutical company in the world, has agreed to sell its drinks brands Lucozade and Ribena to Suntory Beverage...
Using the assembly line technique to mass produce medicines
Henry Ford’s ideas of assembly line production could significantly improve the speed and cost of making medications.
Medicines are one of the few products that...