Holiday E-commerce spending soaring
Through the first 37 days of the holiday shopping season, e-commerce spending is up 18%. December 6th now holds the record for heaviest spending in day with $803 million, up 28% from the same day last year. ComScore, Inc. conducted the survey to find this commerce news. From November 1st to Decembe 7th $18 billion have been spent online. You can read about more finance news here.
QVC Hires New President, US Commerce
In some big commerce news today, QVC, one of the largest multimedia retailers, announced that they will be bringing on Claire Watts as their new president of US Commerce. In her new position, beginning January 7, 2008, Watts will be responisble for “…planning, programming, merchandising, broadcasting, TV sales, and QVC.com for the U.S. operation.” This is huge commerce news, seeing as QVC is a integral outlet for manufactureres and sellers of a wide variety of items.
To read more about this announcement, click here.
EU finance ministers agree on VAT reform
The European Union (EU) finance ministers reached a compromised deal on Tuesday to reform the 27-nation bloc’s value-added tax (VAT) rules. “Today we have reached an agreement on the VAT package, which means we have been able to int …
EU agrees to overhaul taxation of e-services
The European Union agreed to the sweeping changes after Luxembourg finally agreed to a deal to end the perks enjoyed by its e-commerce industry – but not until 2015.
Read More at International Herald Tribune…
Black Friday, the purported biggest shopping day of the year, now has an online companion – Cyber Monday. The Monday after Thanksgiving has, in recent years, been dubbed by that name due to the large amount of people going online to find great deals, just like they do when they get up at 4 am to find deals at the mall.
The Holiday shopping season always increases the amount consumers spend on others and themselves. In the age of the internet it is no surprise that this has moved online. e-commerce sites like Amazon and eBay are bombarded by visitors; the influx of spending even spills over into online investing with online brokers and stock picking services like Gorilla Trades. Hopefully continued consumer spending can help boost the overall economy at least a little bit.
04-12-2007: CIMB sells up-and-coming HQ to PHBB for RM460m
KUALA LUMPUR: CIMB Group is selling its yet-to-completed new 39-storey headquarters Menara Bumiputera Commerce to Ministry of Finance Inc-owned Pembangunan Hartanah Bumiputera Bhd (PHBB) for RM460 million cash under a sale and leaseback arrangement.
Chamber earns five-star designation
In the battle to diversify the local economy and grow new jobs, it can?t hurt to have a five-star general on your side. That?s just the sort of heft the Dalton-Whitfield Chamber of Commerce wields after receiving a five-star accreditation from the U.S. Chamber of Commerce.
Read More at The Dalton Daily Citizen…
No Timeline Set For Gas Price Review, Says Nor Mohamed
KUALA LUMPUR, Dec 3 (Bernama) — No timeline has been set for the gas price review but any such decision will be in conjunction and concurrently with a review in electricity tariffs, Second Finance Minister Tan Sri Nor Mohamed Yakcop said Monday.
Read More at Malaysian National News Agency …
Appliance retailer guilty of 14 charges under fair trading act
Appliance retailer Hill & Stewart has been found guilty of 14 charges under the Fair Trading Act, for pricing goods purchased with interest free finance as more expensive than cash.
Read More at NZPA via Yahoo!Xtra News…
