Thursday, March 13, 2014

Business inventories up, but sales drop in Jan.

WASHINGTON (AP) - U.S. businesses continued to restock their shelves and warehouses in January, but sales plunged during the snowstorm-plagued month.

Inventories rose 0.4% after a 0.5% increase in December, the Commerce Department said Thursday. But sales dropped 0.9% in January after a 0.1% decrease the previous month, putting sales back near September 2013 levels.

The report suggests that winter weather kept shoppers at home. But businesses anticipate a rebound because they expanded their inventories to meet expected demand in the months ahead.

SHOPPERS: JOBLESS CLAIMS: Drop points to stronger labor market Feb. retail sales rebound despite winter weather

Still, there is a possible danger to economic growth: When companies build their stockpiles as their sales fall, they may end up stuck with more goods than they need.

That potentially forces them to slash prices and sell at discounts in order to clear the extra inventory.

However, the February retail sales figures released separately Coupon Thursday indicate that sales growth has picked up. Retail spending rose 0.3% in February. Retail sales had fallen 0.6% in January and 0.3% in December.

The increase suggests that consumer spending has started to recover after being tempered by snowstorms and freezing temperatures that blanketed much of the country.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Yet overall economic growth could be slower due to the recent decline in sales and inventory expansion that has slowed from its pace in the middle of 2013.

Slower restocking will likely lower growth to about a 2% annual pace in the first quarter of 2014, down from 4.1% in last year's July-September quarter and 2.4% in the October-December quarter.

Saturday, March 8, 2014

HTC One Deals: Available for Free on Amazon

If you were looking to buy a new smartphone, then the timing is great Coupon has a couple of HTC One deals for you. The HTC One, which is undoubtedly the best-looking smartphone released on the market in 2013, is now available for only a penny on contract with two of the biggest US carriers.

Amazon is offering the Sprint HTC One with 32 GB of storage for only $0.01 after you sign a two-year contract with the retailer. Given that Sprint is offering the HTC One at $99.99, you will save almost $100 if you take advantage of Amazon's deal. If you prefer to buy the Sprint HTC One off-contract, you should know that the price is $699.99. Besides the Silver Sprint HTC One, you will also be able to choose from the Red or Black models.

If you prefer Verizon, then Amazon has a deal for you as well. The 32 GB Verizon HTC One is available for $0.01, of course with a two-year contract. Unfortunately, Amazon is only selling the Black Verizon HTC One model, but you will be able to save almost $50, as Big Red is selling it on its website at $49.99. The contract-free price of the Verizon HTC One is $699.99.

Amazon also has a HTC One deal for the AT&T variant. While AT&T is selling the 32 GB HTC One on their website at $199.99, you will be able to order it from Amazon at $49.99, therefore you'll save about $150. The AT&T HTC One is available with a Silver body or a Black body. In case you don't want to sign a two-year contract with the carrier, you will be able to grab the AT&T One at $699.99.

Furthermore, if you order any of the three aforementioned HTC One variants in the next 51 hours (at the time the article was written) you will have it shipped to you on Monday, March 10.

Thursday, March 6, 2014

Interstate linking Vegas, Phoenix faces tough go

<weather phoenixp>By MICHELLE RINDELS
Associated Press

LAS VEGAS (AP) - Las Vegas and Phoenix are linked by a road that narrows to two lanes, hits stoplights in a Depression-era town and until recently backed up traffic over the Hoover Dam.

Despite being two of the largest cities in the Southwest, they aren't directly connected by an interstate freeway.

There have been halting advances toward creating a slick, new highway to cover the 300 miles of desert between Sin City and the Valley of the Sun, but if it's ever going to happen, according to Steve Betts, leader of a coalition of project supporters, "everyone would have to be very creative."

An effort to improve what's now a 4 ½-hour drive with a more reliable road has heavy-hitting allies, including business leaders and the Republican governor of each state. "Long-term jobs are created by our connectivity," Betts said, noting that the stretch would be the first piece of a new shipping route between Mexico and Canada.

But critics ask whether such a multibillion dollar development would be more than a vanity project that would take resources away from more immediate concerns. The cities already "are connected by U.S. 93. Whether they need an interstate is a question," said transportation historian Earl Swift.

That the cities aren't already linked by an interstate is a fluke of timing. The Phoenix and Vegas populations exploded just after the national road-building frenzy that started in the 1950s.

"As good as the planners were in the midcentury, they could not have foreseen the emergence of Las Vegas," said Robert Lang, director of Brookings Mountain West, a University of Nevada, Las Vegas-based think tank focused on the region's economics and public policy.

The Las Vegas metro area, population 2 million, is 40 times larger than it was in 1950. The Phoenix area, population 4.3 million, has grown 13-fold over that span.

"It's very difficult to remedy something like this once it goes wrong," said Lang, an expert in urban and economic growth. "Piecing this back together is a heavy lift."

Highway supporters won a key victory last year when Congress formally designated Interstate 11. The legislation provides no funding, but it allows builders to tap into interstate construction dollars.

Following that designation, transportation departments in the two states took up a $2.5 million study to plot routes and estimate a cost. The project could run about $4 billion using rough Federal Highway Administration estimates, or closer to $10 billion by other calculations.

Outside-the-box solutions could be necessary as the project confronts difficult political and financial realities.

The nation's interstate system grew out of "a groundswell of grassroots demand" that partly involved safety. The national road fatality rate in 1956, when funding for the system was approved, was almost six times higher than in 2011, the most recent year statistics are available.

"The highway death toll was shocking," said Swift, whose book "The Big Roads," explores the history of the interstate system.

Vehicle crashes were "killing more people on the roads every year than we lost (annually) in Vietnam. It was a crisis," he said. "The public was pushing congressmen to do something about it."

Decades later, the Interstate 11 project doesn't have such public urgency, and safety has been a relatively minor aspect of the pitch.

The main talking points now are how the interstate would create more efficient freight flows and boost the regional economy. "It's not a matter of functionality," said Tom Skancke, president and CEO of the Las Vegas Global Economic Alliance.

"Looking from a global competitiveness standpoint, does it compete better globally?" he asked. "Or do we want to bounce along the bottom?"

An interstate could link Los Angeles, Phoenix and Las Vegas as partners in a "megaregion" that competes with other regions, and could open a trade route from Mexico to Pacific Ocean ports and Canada. Arizona and Nevada are currently losing much of that flow and its attendant development to Texas and California, according to Betts, chairman of CAN-DO, an acronym for Connecting Arizona and Nevada-Delivering Opportunities.

Proponents warn about the consequences of doing nothing, pointing to projections that the cities will add a combined 4 million people by 2025.

"We have to get ahead of the curve," Skancke said. "We're reacting to what happened 30 years ago, while the rest of the world is building."

Proponents are pushing nontraditional financing for Interstate 11, suggesting a public-private partnership in which investors would step in to provide funding. Others, such as transportation expert Bob Poole, of the libertarian Reason Foundation, suggest making the entire stretch a toll road.

Such plans acknowledge the reality that the federal highway fund, which pays for road projects, has dwindled under a revenue model that hasn't changed in 20 years. Also, aging roads and bridges demand an increasing share of that money annually.

However the project would be funded, supporters will need to overcome concerns from those who ask how essential it is that the two cities are linked by an "interstate" - defined as a multi-lane, divided highway with interchanges and few access points.

Road proposals are sometimes more about prestige than empirical demands, Swift said.

"Kill away all the layered arguments, and an awful lot comes down to 'We're too important not to have it,'" he said.

Arizona is well on its way to widening a 200-mile stretch of two-lane road between Phoenix and the Nevada line. All but 40 of those miles are now four-lane, divided highway, addressing most congestion problems there, said Michael Kies, the Interstate 11 project manager for the Arizona Department of Transportation.

In Nevada, county leaders recently approved a local fuel tax increase to pay for the $300 million Boulder City Bypass, aimed at loosening the most notable bottleneck between Las Vegas and the Arizona border. The 12-mile route will allow drivers to avoid Boulder City's quaint but often congested downtown streets. The bypass is expected to be complete in late 2017.

Also, in a joint Nevada-Arizona project, a bridge went up in late 2010 allowing travelers to bypass tourist traffic on top of the Hoover Dam.

Still, other critics worry that pushing further toward the interstate dream would contribute to urban sprawl and hurt the environment.

"The last thing we need is another freeway," said Sandy Bahr, president of the Arizona chapter of the Sierra Club. "We need to look for other transportation modes."

__

Follow Michelle Rindels on Twitter at http://twitter.com/RindelsAP.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Wednesday, February 26, 2014

2 Threats to Amazon.com's Future Growth

When a company is expected to grow earnings by 40% plus over the next several years, any threat to this earnings growth should be carefully considered by investors. Though Buy Cheap.com seems to want to be everything to everyone, there are at least two major threats that could hurt this company's potential.

A well-known issue everyone seems to ignore
There should be little doubt that one of the prime reasons many people shop online is to avoid paying sales tax at the point of sale. Though some believe that Amazon's competitive advantage is convenience, the economy of the last several years has taught many people to watch every dollar they spend.

It just makes good sense that if a consumer can buy the exact same product from Amazon and avoid paying sales tax they will do so. To combat this challenge, companies like Wal-Mart Stores are willing to continually cut prices to compete with their online counterparts. Though size clearly plays a part, Wal-Mart's U.S. sales growth came in at just 2.4% in the company's last quarter.


With over 4,000 locations domestically, Wal-Mart is probably a better proxy for the domestic marketplace than Amazon. However, there should be little doubt that the ability to avoid sales tax by purchasing on Amazon is hurting the physical retailers' sales.

Though some might believe sales tax won't be an issue, it's hard to ignore the obvious slowdown in Amazon's overall sales growth in concert with more states requiring sales tax be charged to its customers. Currently, 19 states require Amazon customers to pay sales tax. Not coincidentally, Amazon's worldwide trailing 12 month sales growth has slowed sequentially from 29% in the fourth quarter of 2012, to 24% in the fourth quarter of 2013.

As Amazon continues to expand, more states will certainly require sales tax to be collected, or a nationwide online sales tax may become law. This sales tax issue is a huge competitive difference between a company like eBay and Amazon.

Most of eBay's sellers generate less than $1 million in out-of-state revenue, which would exempt them from collecting sales tax under the current version of the bill. In short, eBay could become a haven for tax avoiding customers.

With more than 60% of Amazon's revenue coming from general merchandise and electronic sales, this might be the most significant threat facing the company today.

A Prime concern
A second threat to Amazon's future actually comes from one of the company's most popular features. Amazon Prime members pay $79 per year for many benefits including free two-day shipping and streaming of thousands of instant video titles, this could change in the future.

Amazon has suggested that the Prime service may be too expensive to maintain the $79 annual price. If the company raised the price by $20 to $40 as has been suggested, Amazon could lose a significant portion of its membership.

In fact, a poll by Bizrate Insights of 200 customers found that 46% thought that the existing $79 price for Amazon Prime was too high. It's not hard to imagine these customers choosing to cancel their membership if Amazon goes through with a price hike of at least 25%.

eBay would seem to be a natural destination for jilted Prime members. The company offers a discount on seller's fees if they offer free shipping and meet certain criteria. Though eBay may not show the same type of revenue growth as Amazon, the company's Marketplaces business has consistently grown users at a double-digit rate, and its fixed price merchandise volume increased by 19% on a year-over-year basis.

In addition, if shoppers are looking for convenience, Wal-Mart's vast number of locations in everyday low prices could draw Prime members back into the stores. Wal-Mart could also one up Amazon at its own game by using its store locations as mini shipping warehouses.

Amazon claims that its Prime service has "millions of members." Imagine these customers having to choose whether to pay a higher annual price for Prime, while simultaneously having to pay sales tax on their purchases where they did not before. For a stock that still trades at a forward P/E ratio of more than 180, a continued slowdown in the company's revenue growth could mean the recent hit to the stock price is only the beginning.

The Motley Fool robbed Wall Street, for information
The one sure way to get wealthy is to invest in a groundbreaking company that goes on to dominate a multibillion-dollar industry. Our analysts have done it before with the likes of Amazon and Netflix. And now they think they've done it again with three stock picks that they believe could generate the same type of phenomenal returns. They've revealed these picks in a new free report that you can download instantly by clicking here now.

Saturday, February 22, 2014

The TouchArcade Show - 143 - Hodappy Bird Better Be Playable in 'Mikey Flapps'

<Promo Codesimg src="http://toucharcade.com/wp-content/plugins/lazy-load/images/1x1.trans.gif">

This week's podcasts starts with a nice long discussion on emulation, spurred by the recent release of GBA4iOS. From there, we of course talk about the hottest games of the week, including a typical chat on free to play mechanics due to Bug Heroes 2 launching free to play and immediately switching back to paid. All the relevant news is in there too, and we take a break to talk about the Mikey games getting ported to Android.

If you've been having trouble with our podcast feed, it seems like the way to fix it is by unsubscribing and resubscribing in your podcast management app of choice.

Don't forget to shoot us emails with any questions, feedback, or anything else relevant or irrelevant to podcast@toucharcade.com. We read 'em all, even if they don't make it into the podcast.

As always, you can listen to us with the links below... And if you like what you hear, please subscribe and/or drop us a review in iTunes. Much appreciated!

iTunes Link: The TouchArcade Show
Zune Marketplace: TouchArcade.com Podcasts
RSS Feed: The TouchArcade Show
Direct Link: TouchArcadeShow-143.mp3, 82.8MB

GAMES NEWS This week's episode of The TouchArcade Show is sponsored by...

Epic Ninja Game - Pixel Art Retro Fast Paced 2D Platformer, $1.99 - Epic Ninja Game is a new 2D twitch platformer - a retro blast from the past with its 8-bit sound and pixel art graphics. Play one of 90 levels in 3 exciting worlds. The story is in an action-packed comic book spread across the game. Every world has boss fights and many new ways to die!

Epic Ninja Game is available now on iOS, Android, Mac, and PC. See the trailer and get it now at www.EpicNinjaGame.com.

West Texas Crude Discount Spurs Unit Train Trips to Gulf Coast

The cost of light crude in West Texas has dropped far enough below Louisiana prices to prompt shippers to move oil to the Gulf Coast by rail.

Refinery maintenance has reduced local demand at the same time as crude output has recovered since the fourth quarter of 2013, when extreme weather caused well freeze-ups. Operations in the Permian Basin have returned to normal, a Jan. 20 statement from Pioneer Natural Resources Co. (PXD) showed.

West Texas Intermediate in Midland, Texas, fell by 75 cents to a Deal News of $15.40 a barrel against Light Louisiana Sweet, the benchmark crude on the Gulf Coast, at 3:53 p.m. New York time today, according to data compiled by Bloomberg. The spread has widened from $8.75 on Jan. 28.

"We're seeing a bit of a resurgence now, we've moved a few unit trains out," Bruce Carswell, vice president at Permian Basin Railways, which runs two short-line railways that carry oil from the formation, said by phone yesterday. "In the last month, we've seen things improve, and more conversations with folks about trying to turn the spigot back on."

WTI in Midland averaged $11.06 below LLS in January and $10.99 so far in February, both above any month since April of last year.

Rail Loading

The Gulf Coast region had 815,000 barrels a day of crude rail loading capacity in 2013, according to U.S. State Department data. All of that capacity is located in the Permian and Eagle Ford basins in western and southern Texas. The region had about 985,000 barrels a day of unloading capacity, mostly on the Texas and Louisiana coast.

Midland, 300 miles (483 kilometers) west of Dallas, is a pricing hub for the Permian Basin crude, the largest onshore U.S. oilfield sitting mostly below western Texas. The basin is expected to produce 1.4 million barrels a day in February, according to Energy Information Administration forecasts.

That would be an increase of about 110,000 barrels a day from a year earlier and 500,000 barrels a day from February 2010. Producers are using improved technology to recover more oil from old wells and find crude in previously untappable rock.

To contact the reporters on this story: Dan Murtaugh in Houston at dmurtaugh@bloomberg.net; Eliot Caroom in New York at ecaroom@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

Saturday, February 1, 2014

New February printable and digital coupons!

It's the beginning of the month and most of the printable Deal Of The Day sites add new coupons and reload some of their coupons from the previous month so you can print them again! So, if there is a coupon you really wanted, but it was out of prints last month, it may be available today! Read on for the list of printable coupon sites to visit today.

You will want to check out the following sites in the next couple days to print your favorite coupons before they are no longer available. Some of these sites don't reset their coupons every month on the first day, but they usually add new coupons throughout the month, so be sure to check them out.

* Coupons.com coupons can be found in the Smart Shopper Coupons link above. Some of my favorite manufacturer's coupons each month come from this website!

* Smartsource.com - Good source for printable manufacturer's coupons

* Redplum.com - Good source for printable manufacturer's coupons

* BettyCrocker.com - Good source for printable manufacturer's coupons for Betty Crocker, Pillsbury and other products

* Pillsbury.com - Good source for printable manufacturer's coupons for Betty Crocker, Pillsbury and other products

* CommonKindness.com - Good source for organic and health food product coupons

* SavingStar.com: With the e-coupon site SavingStar, you don't print out a coupon to redeem at the register. You load digital coupons to your reward card and then the coupon savings are added to your SavingStar account. Once you have accrued $5 worth of savings in your SavingStar account, you can cash the savings in for a gift card. You can choose to receive an Amazon gift card, have the money deposited into your Paypal account or checking account or donate it to a non-profit organization. My favorite aspect of this site is that you can use a hard copy coupon at the register for a product that also offers a SavingStar e-coupon! For more information, click the Thursday Thoughts: SavingStar link in the box above or head to their website HERE.

* Checkout 51 is a new coupon source that can be used in conjunction with paper coupons and other digital coupon programs! And you can use it with your smartphone or computer. Sign up on the Checkout 51 website HERE for free using your e-mail or Facebook info. Browse the available offers (and print out a list if you don't think you will remember them). Head to the store (any store) and buy the offers you want (we have had offers for milk, orange juice, cereal and more!). Take a photo of your receipt and upload it to Checkout 51. Once they confirm your purchase, they will credit your Checkout 51 account in about 24 hours. When you accrue $20 in your Checkout 51 account, you can cash it out in the form of a check mailed to your address. It's a very easy way to increase your coupon and save savings even more!

* ibotta.com is a coupon site that allows you to earn cash back on the groceries and non-food items you buy at stores including Harris Teeter, CVS, Walgreens, Rite Aid, Walmart, Kroger and more! For more information, click the ibotta app article in the box above or go to the ibotta.com website. PLUS, they are offering a new member bonus right now. New members get a $2 Welcome Aboard sign-up bonus when you redeem your first offer within 10 days of registering HERE!

* Recyclebank.com is a website that gives you points for learning about great ways to become more eco-friendly in your home and throughout your community. You can cash in those points for coupons, freebies (like magazine subscriptions) and gift cards to places like Panera, iTunes, Best Buy and more! It's free to join and you can start earning points right away by doing easy activities like watching videos about recycling, pledging to recycle certain products and reading articles about eco-friendly topics.

* EatBetterAmerica.com (this site often has coupons for health foods and organic products)

* Mambosprouts.com (this site has a number of products for health foods and organic products)

* KelloggsFamilyRewards.com for printable coupons valid on various Kellogg's products when you use points collected on the boxes of qualifying products. Sign up for a free account, enter codes from participating Kellogg's products (codes are printed in the inside of the box), earn points for each code and then redeem the points for coupons! It's all free and if you use Kellogg's products, it won't take you long to get enough points for coupons.

Once you get a chance to look at the new coupons, let us know which are your favorites!

As you see new coupons become available in the next couple days, please let us know by posting in the comments section below or in the Share the Deals section for the day.

This post contains some affiliate links and I thank you for using them!