E-Commerce Minute

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E-Commerce Minute: Tuesday -- July 28, 2015

The E-Commerce Times -- E-Business Means Business
http://www.ecommercetimes.com
Part of the ECT News Network

Headline Scan
Major Tech Firms Join White House in Climate Change Pledge
Apple Watch to Decorate Best Buy Shelves
Amazon Reaps What It Sowed
Citibank Dinged $700M for Scamming Credit Card Customers

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Today's Story Highlights

Major Tech Firms Join White House in Climate Change Pledge
President Barack Obama, Secretary of State John Kerry, and other senior
White House officials on Monday met with a group of executives who
pledged their companies' support for the administration's efforts to
reach a strong climate change agreement in Paris this December. Thirteen
major companies, including Apple, Google and Microsoft, signed the
American Business Act on Climate Change.
http://www.ecommercetimes.com/story/82314.html

Apple Watch to Decorate Best Buy Shelves
After tightly controlling the sales experience for its smartwatch since
its April debut, Apple appears ready to unleash it to the mass market.
Best Buy on Monday said it would begin selling the Apple wearable in 100
of its stores on Aug. 7, as well as on BestBuy.com. As the holiday
season rolls in, it expects to expand that number to 200. Sixteen models
will be available at the Best Buy outlets.
http://www.ecommercetimes.com/story/82312.html

Amazon Reaps What It Sowed
Amazon's market capitalization on Friday reached $270 billion, surging
past Walmart, following a surprisingly strong second quarter earnings
report. That amounted to a $46 billion boost in investor confidence,
with shares hitting a record high of $580.57. Analysts had projected
that Amazon would take a hit in its second quarter. Instead, it reported
a profit of $92 million.
http://www.ecommercetimes.com/story/82311.html

Citibank Dinged $700M for Scamming Credit Card Customers
The Consumer Financial Protection Bureau last week ordered Citibank and
its subsidiaries to pay about $700 million in relief to eligible
consumers and a $35 million civil penalty for, in essence, scamming
consumers into paying for unwanted credit card add-on products and
services. This is the 10th action the bureau has undertaken against
banks for deceiving consumers.
http://www.ecommercetimes.com/story/82310.html

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