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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 06, 2016
Page
13
In Baltimore a former broom factory now houses PlayBettercom as staff prepare inventory emails and shipping for golfers. Founder Spiro Alafassos says online shopping is expanding yearly and set to hit all time highs this holiday season with gadgets that track shots and analyze swings.
Radial reports a shift from card fraud to online and mobile fraud as 47 percent of shoppers plan online purchases this season. Visa notes 18 percent online spending growth and record ecommerce sales over Thanksgiving weekend. NRF data show 154 million shoppers, with 44 percent online versus 40 percent in stores.
Ford Motor Co plans about 2 billion in 10 and 30 year notes, its first automotive debt in four years, to fund electrification and mobility ventures, including robot taxis, bike sharing, and van service. The Dearborn company notes auto debt stood at 13.1 billion with 11.2 billion net cash at September end.
Pemex PDVSA and Petrobras face slow decline as OPEC cuts lift markets briefly. Mexico and Brazil seek outside investors to spur output while state controls hinder rapid cost cuts. Brent jumped up to 15 percent over three trading sessions after OPEC agreed to individual production cuts.
Amazon opens an 1800 square foot downtown Seattle store dubbed Amazon Go using computer vision sensors and machine learning to track items picked up or returned. Shoppers use the Amazon Go app to scan and then simply walk out as no traditional checkout is required.
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