APPLE IPHONE 12 PRO MAX REVIEW: THE BEST SMARTPHONE CAMERA YOU CAN GET

The iPhone 12 Pro Max is a big phone. The biggest iPhone ever made, in fact. The Pro Max’s 6.7-inch display is the largest screen ever on an iPhone. It has the biggest camera sensor of any iPhone, including the three other iPhone 12 models Apple announced this year. It has a 5G radio, and… Continue reading APPLE IPHONE 12 PRO MAX REVIEW: THE BEST SMARTPHONE CAMERA YOU CAN GET

J.C. Penney Says It Expects Improved Holiday Sales

Mark Lennihan/APBy Phil Wahba J.C. Penney said Wednesday that November sales were encouraging and popular house brands were lifting gross profit margin, suggesting the struggling department store operator is turning a corner. The retailer also stuck to its forecast for more than $2 billion in liquidity at fiscal year-end, soothing persistent investor fears about its… Continue reading J.C. Penney Says It Expects Improved Holiday Sales

S&P: U.S. Banks Could Face Over $100 Billion in Legal Charges

Robyn Beck, AFP/Getty ImagesBy Matt Clinch The fallout from the subprime mortgage crisis continues to plague U.S. banks, according to Standard & Poor’s, with the ratings agency estimating billions of dollars in extra litigation fees may hit major lenders. In the lead-up to the financial crash of 2008, U.S. banks packaged and sold residential mortgage-backed… Continue reading S&P: U.S. Banks Could Face Over $100 Billion in Legal Charges

For Retailers, It’s Ugly Out There in More Ways than One

Patrick T. Fallon/Bloomberg via Getty Images The 2013 holiday shopping season may end up being remembered for its ugly sweaters and, for many retailers, even uglier discounts. With growing online competition, no fashion must-haves and weak consumer confidence, most U.S. retailers will have to offer both big discounts and stellar service to get consumers to… Continue reading For Retailers, It’s Ugly Out There in More Ways than One

Sears 3Q Loss Widens as Sales Soften at Stores

Elise Amendola/AP HOFFMAN ESTATES, Ill. — Sears’ third-quarter loss widened as the ailing department store operator’s results were hurt by weaker sales at its Kmart and Sears stores. The quarterly results underscore the challenges Sears faces as it heads into the critical holiday shopping season. This period is important for retailers because it can comprise… Continue reading Sears 3Q Loss Widens as Sales Soften at Stores

5 Winners and Losers of the Holiday Week in Business

Steve Mack/FilmMagic There was no shortage of wonders of blunders even in this holiday-shortened market week. From a retailer’s gadget going cold to some jewelers just starting to heat up, here’s a rundown of the week’s smartest moves and biggest errors in the business world. Men’s Wearhouse (MW) — Loser Jos. A. Bank (JOSB) tried… Continue reading 5 Winners and Losers of the Holiday Week in Business

Federal Government Expects to Complete GM Stock Sale by Dec. 31

Luke Sharrett/Bloomberg via Getty ImagesAn employee works on a 2014 Chevrolet Corvette Stingray at GM’s assembly plant in Bowling Green, Ky.By TOM KRISHER DETROIT — The U.S. government expects to sell the last of its stake in General Motors by the end of the year, bringing an end to a sad chapter in the company’s… Continue reading Federal Government Expects to Complete GM Stock Sale by Dec. 31

Amazon Testing Delivery with Drones, CEO Bezos Says

Amazon/APThis undated image provided by Amazon.com shows the so-called Prime Air unmanned aircraft project that Amazon is working on in its research and development labs.By SCOTT MAYEROWITZ NEW YORK — Amazon.com is working on a way to get customers their goods in 30 minutes or less — by drone. The world’s largest e-commerce company said… Continue reading Amazon Testing Delivery with Drones, CEO Bezos Says