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Digest

'Too much of a good thing' for Wal-Mart site

By TIMES WIRES
Published November 28, 2006


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Wal-Mart Stores Inc. blamed the crash of its Web site Friday on of a greater-than-anticipated surge in customer visits following the release of online-only specials. The Web site was unavailable for more than two hours starting at 5 a.m. after the company posted eight additional specials along with advertised promotions, Walmart.com CEO Carter Cast said Monday. "All of the orders hit exactly to the minute at 5 a.m.," Cast said. "Essentially, this was too much of a good thing." Traffic increased sevenfold while the company expected it to double from last year, Cast said.

 

Macau hits jackpot

Visitors to Macau - Asia's casino hot spot - rose 19.6 percent in October from a year earlier to 2-million, setting a new record for a single month, the Chinese territory's government said. Visitors from mainland China rose 10.3 percent in October on the year, while arrivals from Hong Kong jumped 36.7 percent, the Statistics and Census Service said Monday. The numbers rose partly because two of China's national holidays were celebrated in October, officials said. Macau - the only place in China with legal casino gambling - received 17.9-million visitors in the January-October period, up 15.9 percent from the same time last year. The gambling industry predicts Macau's tourism will continue to boom as local and foreign casino companies like Las Vegas Sands Corp., MGM Mirage Inc. and Wynn Resorts Ltd. finish massive shopping, hotel and resort complexes.

Net future looks bright, Google says

Google Inc., the world's most-used Internet search engine, expects as much as 40 percent of business transactions to be conducted on the Web, or influenced by it, in 10 years' time as more consumers go online. Use of the Internet will continue to increase with wider access, more opportunities to create user-generated content and increased storage capacity, Google's vice president for European operations, Nikesh Arora, said Monday in London. "There was a time when people were loathe to touch the Internet because they were scared of credit-card fraud" and misuse of data, Arora said. "Now what is fascinating is people are beginning to use the Internet when they are looking for convenience. The first port of call happens to be the Web."

[Last modified November 28, 2006, 00:23:52]


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