Online sales jump 24% on Black Friday

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Source: CNN Money

Online sales surged 24.3% during Black Friday and 39.3% on Thanksgiving Day compared to same days previous year. Mobile gadgets including smart phones and tablets made up 14.3% of all web retail sales on Black Friday. Online sales for beauty category were up 34.2%, home goods saw 48.8% increase and apparel sales climbed 47.2%. However, average value per purchase remained almost flat compared to last year's $190.10.

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Mon, 28 Nov 2011 11:46:54 GMT

Putin to run for president in elections next March

On Sunday United Russia party nominated Vladimir Putin, Russian Prime Minister as presidential candidate for upcoming elections in March 2012. Analysts believe Putin will face no real competitors in March's election. Although Putin is not in United Russia party, he is considered as its leader since 2008. Experts also claim that the nomination of Putin will contribute to positive outcome for United Russia in parliamentary elections

Mon, 28 Nov 2011 11:44:27 GMT

US shares end week down

US equities closed slightly lower on Friday as increasing euro area bond yields fuelled investors' concerns regarding extending crisis in the region. Standard & Poor's 500 Index lost 0.27% or 3.12 points and closed at 1,158.67. Nasdaq traded down 0.8% or 18.57 points reaching 2,441.51 while Dow Jones Industrial Average dropped 0.2% or 25.77 points to 11.231.78.

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