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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 31, 2012
Page
3
Amazon says the Kindle Fire is sold out amid expectations of a new model for the holiday season. The company plans a press conference in Santa Monica next Thursday likely to unveil an upgraded Fire, while the original debuted at 199 dollars last November.
August sales from 18 retailers including Target and Macy's rose 6 percent, the strongest since March, while government July data show faster spending. The contrast with consumer confidence lagging behind was noted by economists, as shoppers continued to spend for needs like college supplies amid economic worry.
U S unemployment applications remained at 374000 last week as the four week moving average rose to 370250. Analysts say the figures point to modest job gains in August while not signaling a strong improvement in the labor market.
Roman Abramovich and Boris Berezovsky, once allies in post-Soviet London, face a High Court ruling on a multibillion-dollar dispute. Berezovsky accuses Abramovich of coercion to sell Sibneft at a loss, seeking over 4.8 billion dollars. Abramovich denies the charges. The seven month delay ends with Judge Elizabeth Gloster poised to deliver a summary judgment.
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