What Groupon Will Do With That $950 Million

Already the global group-buying leader and growing much faster than its competitors, Groupon is getting a lot more funding. For what? For world domination, of course. . .and here’s how Groupon is likely to put that new-found ca…

The Early Line on Holiday Retail Sales: Up a Merry 5.5%

Shoppers did their part this holiday season, spending more on clothes, jewelry and luxury items than last year, according to new sales tallies from MasterCard SpendingPulse, which tracks purchases by credit card, cash and other…

Amazon Patents System for Returning Unwanted Gifts

While it may sound more Scrooge than Santa Claus, Amazon, the world’s largest online retailer, has filed a patent for technology that would allow customers to return — or “convert” — gifts they don’t like, even before they ac…

Gasoline Tops $3 a Gallon for First Time at Christmas

It may be the happiest season of the year, but higher crude oil prices that have translated into higher gasoline prices have many motorists frowning. The weak U.S. dollar and expectations of a more robust economic recovery in t…