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Winter blast keeps Aussie retail market in the black

  Bloomberg Australian retail sales limped through June, saved only by a blast of winter weather that forced shoppers to stock up on warmer clothing and compounded by mid-year discounts. A more realistic reading of the month came in the food section, which showed even alcohol sales actually fell in June. While households got a rate cut in May, adding ...

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Wal-Mart in talks to acquire Amazon rival Jet.com

  Bloomberg Wal-Mart Stores Inc. is in talks to buy Jet.com Inc., the e-commerce startup that began a year ago billing itself as a challenger to Amazon.com Inc., according to people familiar with the matter. The discussions may ultimately result in a strategic investment rather than an acquisition, said one of the people, who asked not to be identified because ...

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Feds OKs private firm’s lunar flight plan

  Bloomberg The federal government for the first time has given permission to a private Florida company to fly a spaceship beyond Earth’s orbit and land on the moon. The Federal Aviation Administration gave clearance to Moon Express to land a washing machine-sized vehicle on the moon that would take hops across the lunar surface using engine firings instead of ...

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