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Wal-Mart Is Lobbying for Taxes on Internet-based Sales

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July 20, 2012
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Online retailers have certain significant advantages over brick-and-mortar stores – lack of sales tax and other overhead costs. That’s why online retailers have been offering much lower prices, to attract more and more customers.  Wal-Mart Stores, Inc. (NYSE:WMT), which has suffered a lot due to its customers shifting to online retailers, is now lobbying for a sales tax bill. The bill will allow the states to impose sales tax on goods sold to their residents...
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Kayak and PAWN Soar on IPO Debuts: Bubble Conitnues

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July 20, 2012
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The vote appeared to be 2:1 in favour of whether the IPO market had woken out of a self-induced slumber after the Facebook Inc. (NASDAQ:FB) debacle. Out of three IPOs, two had strong debuts on Friday, while one decided to drop out. Kayak Software (KYAK) and Palo Alto Networks (PANW) both opened in excess of 25 percent compared to their IPO price on the Nasdaq and NYSE respectively. On the other hand Fender (FNDR) withdrew its...
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Hezbollah Murders Israelis in Bulgaria as Pressure Mounts in Lebanon

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Presidential Candidates “Saddened” By Batman Shooting

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Chipotle’s Stock Tanks After Missing Estimates

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GE Profit Falls 18%, Yet Growth Still Expected

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Euro Drops As Crisis Hits Spain

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Amazon & Warner Bros. Deal Offers More TV Shows

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Education of a Bond Manager, Part II

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Facebook Hopes to Deepen Business Relationship with Wal-Mart

in Business July 20, 2012