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BUSINESS
January 3, 2014 | By Salvador Rodriguez
Best Buy is putting the iPhone 5c on sale again, this time offering it for free for those who sign up for a two-year service contract with Verizon, AT&T or Sprint. The deal is available Friday and Saturday only. Best Buy has been discounting the iPhone 5c, one of two new Apple smartphones released in 2013, for months, gradually dropping the price from its original $99 retail price tag. PHOTOS: Top 10 tech fails of 2013 Besides the iPhone 5c, Best Buy will also offer the iPhone 5s at a lower price, dropping it to $124.99 with a two-year service contract from Verizon, AT&T and Sprint.
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AUTOS
December 20, 2013 | By Jerry Hirsch
Cars don't fit under the typical Christmas tree, but a holiday buying surge could make December the biggest month in a big year for the auto industry. Heavy advertising and discounts could launch U.S. auto sales this month above the 1.5 million sold in August, the top month so far this year, said Jessica Caldwell, an analyst with car shopping website Edmunds.com. The December car sales frenzy is a new phenomenon. "Prior to the recession, December was very average," Caldwell said.
BUSINESS
December 20, 2013 | By Tiffany Hsu
A day after Target confirmed a massive data breach, Chief Executive Gregg Steinhafel is trying to get customers back into stores during the busy pre-Christmas weekend by extending an offer for free credit monitoring and a 10% discount. Customers are fuming on social media in the aftermath of the disclosure that hackers broke into Target's systems and gained access to some 40 million customer credit and debit card accounts between Nov. 27 and Dec. 15. Steinhafel said in a statement online Friday that “the issue has been identified and eliminated” but acknowledged that the problem “has been confusing and disruptive during an already busy holiday season.” To reassure patrons, Steinhafel said Target will offer free credit monitoring services and plans to be in touch with customers affected by the breach.
BUSINESS
December 17, 2013 | David Lazarus
Peggy Nugent wasn't sure what to make of an offer that arrived recently in the mail. "Congratulations!" it said in big letters. Nugent, of Manhattan Beach, had been selected to receive a three-day vacation in San Diego, including free hotel accommodations, two tickets to SeaWorld and a $100 restaurant coupon. The notice included what looked like a check - but wasn't - bearing the logo of SeaWorld Parks & Entertainment. What caught Nugent's eye was the fine print on the back.
BUSINESS
December 12, 2013 | By Tiffany Hsu
With holiday spending on clothes and toys off to a chilly start, worried retailers are plying shoppers with an early gift: Black Friday-style bargains extended into the first weeks of December. Merchants get nervous each year during the dreaded early-December shopping lull, when consumers rest their wallets before swarming back into malls at the last minute - if they return at all. But this time, shoppers are splurge-shy, there's a dearth of hot new fashion trends and the key Thanksgiving weekend failed to deliver hoped-for sales.
NEWS
December 6, 2013 | By Christopher Reynolds
The Line hotel, a fashion-forward new hotel at 3515 Wilshire Blvd. in Koreatown, will kick off a “soft opening” on Jan. 1 with rates of $168 nightly. Before you rush to book -- and from the looks of the hotel's website , it is tempting to rush -- bear in mind that the place isn't finished. In January, while those discounts are offered, the hotel's two restaurants-to-be, nightclub and pool won't be open. In fact, there may be some construction on site. (The hotel's opening has been delayed a few times.)
BUSINESS
December 2, 2013 | By Salvador Rodriguez
Amazon.com thinks the 8.9-inch Kindle Fire HDX is a better tablet than the iPad Air, and the company isn't afraid to say so in a new ad that mocks the Apple tablet and a top Apple executive. The ad uses a voice with a British accent to point out the features of the iPad Air, poking fun of Jony Ive, Apple's British-born design chief, who frequently appears in videos describing the company's new products. For every feature the British voice describes, an American voice points out how the 8.9-inch Kindle Fire HDX is better, featuring a higher-resolution display, weighing 20% less and priced starting at $379, while the iPad Air starts at $499.
BUSINESS
November 19, 2013 | By Ricardo Lopez
It's a retailers' arms race for consumers' holiday dollars -- and Best Buy warned Tuesday that promotional discounts this season could hurt profitability. As stores race this year to kick off Black Friday sales earlier and earlier, Best Buy plans to fight for its share of customers. For consumers, that means more bang for the buck. But for the beleaguered electronics retailer, it means narrower profit margins. On Tuesday, the Richfield, Minn.-based company beat Wall Street expectations when it reported a profit during its most recent quarter.
BUSINESS
November 19, 2013 | By Andrea Chang
Uber is now accepting Paypal. The popular ride service app announced on its blog that it will accept PayPal as a form of payment in the United States, Germany, Italy, France and the Netherlands. "One of the most important things we've learned: While we Americans charge our credit cards with abandon, not everyone does," the company said. Uber is rolling out a limited-time discount to celebrate the news: Through Nov. 28, customers can get $15 off their next ride when they pay with PayPal.
ENTERTAINMENT
November 5, 2013 | By Carolyn Kellogg
Ninety-eight British publishers closed their doors in the year ending August 2013. The cause? E-books and online discounts. Closures were up 42% over the previous year, according to the Guardian. The companies that folded included the 26-year-old healthcare publisher Panos London, and Evans Brothers, which published popular children's book author Enid Blyton for 30 years. During 2012, e-book sales in Britain rose by 134% to more than $346 million. While print sales still dominate the bottom line in Britain with more than $4.6 billion in sales, that total was a 1% drop from the year before.
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