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JC Penney stands by Ellen DeGeneres as spokeswoman (Reuters)

Reuters – J.C. Penney Co Inc said on Friday it fully backs its partnership with chat show host Ellen DeGeneres after a conservative group urged the retailer to reconsider hiring DeGeneres as a spokeswoman since she... 

Euro zone sales tumble at Christmas, no sign of growth (Reuters)

Reuters – Retail sales in the euro zone tumbled unexpectedly in December, the largest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut... 

Report: Sony offers digital PS Vita games for less than their retail counterparts

While the PlayStation Vita allows users to buy the same games either at retail or digitally, Sony confirmed today that online customers in the United States will hear a bit of a discount. According to... 

Amazon spending threatens 1st-quarter profit (Reuters)

Reuters – Amazon.com Inc warned of a doable operating loss in the first quarter following a sharp drop in fourth-quarter profit, a sign that the online retailer will keep spending heavily on expansion at the expense of small-term returns.  Read More →

Amazon 4Q results disappoint, stock tumbles (AP)

AP – Amazon’s fourth-quarter net income dropped sharply, weighed down by higher operating expenses even as its revenue grew. Investors punished the online retailer’s stock in after-hours trading, as the company also gave a disappointing forecast for... 
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