Tag Archives: consumers

FedEx giving away $1 million to holiday shoppers

 

FedEx

FedEx

For the second straight holiday shopping season, FedEx Corp. is giving away $1 million to help
 boost small business.

The package delivery company announced today that it will give away 40,000 American Express gift cards, each worth $25.

Consumers can apply for the free card via the FedEx Facebook page.

 

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A tax even conservatives can like

Now that Congress has passed the payroll tax cut bill maybe it will move quickly to close the online sales tax loophole.

Sen. Lamar Alexander on Thursday urged the Senate to do just that. lamar_alexander.jpgConservative support for Marketplace Fairness Act is building and now is the time to pass the bill, the Tennessee Republican said.

In a speech on the Senate floor, Alexander listed a number of notable conservatives who support closing the loophole that will cost state and local governments $23 billion this year alone. About the only name he didn’t drop was Grover Norquist.

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Sony 3D policy could cost Regal Entertainment millions

Updated with comments from Regal Entertainment Group CEO Amy Miles

A new Sony Corp. policy regarding disposable 3D glasses could make some of next summer’s
regal0081_SY_4640.JPG3D movies more expensive for consumers and theater owners.

Sony’s movie studio has told Knoxville-based Regal Entertainment Group and other theater owners that it will no longer pay the millions of dollars per film it costs to provide disposable glasses for 3D movies, according to a story in The Hollywood Reporter.

In response to Sony’s new policy, Regal CEO Amy Miles said Wednesday that the Regal is committed to holding down costs for its customers and may devote fewer screens to show Sony 3D movies.

The battle over who pays for 3D glasses comes at a time when theater owners face sluggish revenue growth and consumers struggle with high unemployment and a weak economy.

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Consumer confidence up despite political bickering

Consumer confidence edged higher in July, despite the doom and gloom flowing out of Consumer Confidence.JPGWashington, according to the Conference Board’s Consumer Confidence Index released today.

The Index rose nearly two points to 59.5, up from 57.6 in June. Economists surveyed by Bloomberg News had expected the July index to decline to 56.

Although the Index rose – indicating improved optimism about the economy – consumers still have mixed feelings about how the economy is doing.

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Consumer Reports unveils Naughty & Nice shopping list

Just in time for the holiday shopping season, Consumer Reports has come out with its first “Naughty & Nice Holiday List,” which highlights some of the best and worse corporate shopping policies.

ME_SANTA_001.jpg“Our goal isn’t to laud one company or put down another, but to call out specific policies that we think put consumers first or put them behind the eight ball,” Tod Marks, senior editor and resident shopping expert at Consumer Reports, said in a statement.

Some big names aren’t going to like what CR has to say.

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Consumer perk — sales tax holiday

Tennessee’s sales tax holiday is almost here. Will you be shopping?

The state Department of Revenue certainly hopes so. Considering that Tennessee does not have a personal income tax, a sales tax holiday seems risky.

Nonetheless, it’s a good idea. One that Tennessee consumers have come to count on, especially parents on the hook for school supplies, clothes, computer and everything else it takes to get their kids ready for school.

Since its start in 2006, Tennessee shoppers have saved $8 million to $10 million during the sales tax holiday.

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New credit card rules haven’t ended life as we know it

Despite the gloomy predictions of some, the new credit card regulations have not brought an end to civilization.

In fact, annual fees are less common and offers of super-low teaser rates have increased, according to an Associated Press report.

IPO+VISA.jpgMany experts believed banks would bring back annual fees to recapture revenue lost to the new regs and that teaser rates would disappear.

Of course, we’re only a few months into implementation of the new credit card rules. Banks could get greedy and the credit card atmosphere could take a turn for the worse.

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Sinking ship draws a crowd

Since it opened in April, the Titanic Museum in Pigeon Forge has attracted more than 135,000 visitors.

That’s pretty decent, considering that consumers supposedly have pulled back on spending in recent weeks. The Commerce Department reported Friday that retail spending in May posted the biggest decline in eight months.

Consumers may be hanging on to their cash, but the new Pigeon Forge attraction hasn’t suffered. That’s a good thing for the regional economy.

The museum “is a half-scale, permanent, three-deck recreation of the Titanic,” according to a press release.

Interesting phrasing by the release writer. I’m glad the owners built a “permanent” museum, instead of a temporary one.

Warren Buffett or CW– who do you believe?

Today’s conventional wisdown is that the recovery is on shaky ground because consumer incomes posted only a slim increase in March. If consumers stop spending the nascent recovery could be in trouble, is the line of thought.

Maybe.

But the big kuhuna of the financial world — billionaire Warren Buffett — says the economy is showing real strength.

I’m going with Warren.

 

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Four signs the recovery is on track

The economy still has a ways to go but these stories suggest good things are happening with the recovery.

Specifically — cosumers are shopping again, investors are regaining their confidence, advertising is bouncing back and, perhaps, most significant, there is light at the end of the tunnel for General Motors.

GM pays back government loans from US, Canada

Best Non-Holiday Quarter for Apple

Yahoo earnings nearly triple

Morgan Stanley’s profit of $1.41B tops forecasts