The nation's largest retailer expects e-commerce to fuel its next wave of growth as it more directly competes with Amazon and Google.

By TheStreet Staff May 2, 2013 5:03PM

thestreet logoWoman with laptop © Mike Watson Images/CorbisBy Laurie Kulikowski, TheStreet


Wal-Mart Stores (WMT) is betting that online sales will fuel the next wave of significant growth for the world's largest retailer as it more directly competes against Amazon (AMZN) and Google (GOOG).


"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.

By TheStreet Staff May 1, 2013 6:04PM

thestreet's logo on boxesBy Dana Blankenhorn, TheStreet


 I once owned some (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.

By TheStreet Staff Apr 30, 2013 4:59PM

thestreet logoBoys playing video games © Image Source/Getty ImagesBy Dana Blankenhorn, TheStreet


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.


Sony's (SNE) own launch of the PlayStation 4 may do poorly, and Microsoft's (MSFT) Xbox 720 may not be a hit, either. (Microsoft publishes MSN Money,)


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.

By TheStreet Staff Apr 29, 2013 3:03PM

thestreet logoWindmills and electric power lines Getty ImagesBy Dana Blankenhorn, TheStreet


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.


What happened?


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.

By Forbes Digital Apr 24, 2013 3:19PM
It seems like a simple tale -- almost an admirable one: A retired sports star loved video games so much, he wanted to make one of his own.
The result had the potential to break stereotypes about who likes and makes games, and to create hundreds of new jobs, millions in revenue and a hopefully a fun new game for everyone to enjoy.
Unfortunately, Curt Schilling's 38 Studios now stands as a cautionary tale on overreaching expectations in the video game industry, and the full extent of just how poorly the government can manage money if given the chance. In this case, a tiny state had a massive hole blown in its budget through the folly of just a few lawmakers.


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[BRIEFING.COM] The S&P 500 continues hovering near its high, which is a bit surprising considering several noteworthy areas like biotechnology, chipmakers, transport stocks, and retailers underperform.

The biotech space is on its low with the iShares Nasdaq Biotechnology ETF (IBB 264.30, -2.55) down 1.0%. Elsewhere, the PHLX Semiconductor Index trades flat even as the technology sector outperforms with a gain of 0.5%.

Moving on, transport stocks have pressured the Dow ... More


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