The nation's largest retailer expects e-commerce to fuel its next wave of growth as it more directly competes with Amazon and Google.
"E-commerce is the next growth engine for Wal-Mart," Neil Ashe, president and CEO of Walmart's global e-commerce division, said May 1 at a New York investor conference. "We view this as an opportunity for us to grow pretty dramatically."
Emphasizing the company's plans to grow its digital sales, Ashe spoke at Barclays' Retail and Consumer Discretionary Conference in New York.
The Internet retailer is more than just the Wal-Mart of the Web. It's competing with -- and often beating -- some tech heavyweights in the lucrative area of online services.
I once owned some Amazon.com (AMZN). I bought it at $180/share and sold it at $230/share.
I sold because I thought it overpriced, but it hasn't seen that price since then. It's now at $250, and TheStreet's Robert Weinstein says the next time I see that $230 price, it'll be going down, down, down to stay.
Maybe. Any growth story is harder to sustain as numbers get bigger. As they get bigger they get serious and leave their marks everywhere. On the land, on government, on the public mind.
Bored with existing games, the post-technology generation will ultimately develop the games of tomorrow. Good for the kids but bad for today's game makers and publishers.
One of the biggest mysteries in technology today is what happened to all the gamers?
Nintendo's (NTDOY) Wii U console did so badly the company won't be holding a press conference at the E3 game convention this year. Publisher 2K won't even have a booth.
Meanwhile, social gaming pioneer Zynga (ZNGA) is trying to get a gambling license, the chatter on Facebook's (FB) earnings sounds anemic, and Apple's (AAPL) iOS games have been marked down, in some cases, by 90%, notes Cult of Mac.
There are a number of ways to make money on solar and wind energy, as some of the nation's electric utilities are discovering.
When North Carolina Republicans brought forth a bill pushed by the conservative lobbying group ALEC, the American Legislative Exchange Council, to gut the state's renewable energy standards, they figured they had a model piece of pro-business legislation that would sail through the legislature this year.
But, as North American Windpower gleefully reported, it died in committee. Key to the story is the committee where it died -- public utilities and energy.
It died there because the state's electrical utilities, chiefly Duke Energy (DUK), which bought out rival Progress Energy last year, didn't support the legislation, despite the fact that the bill's prime sponsor formerly worked there.
Rhode Island's $75 million gamble on Curt Schilling's video game company now stands as a cautionary tale on overreaching expectations in a misunderstood industry.
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[BRIEFING.COM] The S&P 500 (+0.1%) hovers right above its flat line with seven sectors sporting gains.
Market participants received just one economic data point today (June Pending Home Sales -1.1%), but the rest of the week will bring a full slate of data. Tomorrow, the Case-Shiller 20-city Index (Briefing.com consensus 10.0%) will be released at 9:00 ET, while the July Consumer Confidence report (consensus 85.6) will cross the wires at 10:00 ET.
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