Retail giant Walmart is moving into the Chinese market. February 19, 2012- Walmart announced it would purchase a 51% share in Yihaodian, an ecommerce website in China. It marks a substantial move for the retailer to increase its presence online in China. Details of the deal were not disclosed. The website is one of the fastest-growing businesses in China. Walmart has held a small stake in the company, which has over 180,000 products for sale that range from apparel to grocery items to consumer electronics. Yihaodian... 

Amazon got hit hard in the stock market today. February 1, 2012- Internet giant Amazon continues its fast track of growth, but higher expenses in the company are eating away at its profit. The company on Tuesday reported its earnings for the fourth quarter of 2011. The earnings report fell short of expectation of Wall Street analysts. Amazon also said it could have a loss in the current first quarter of 2012. The earnings report and comments about the current quarter caused its stock price to fall...