Microsoft is giving a sneak peek of its new Windows 8 operating system. The software’s main feature is that it’s tailored for touchscreens and tablets, which are experiencing much faster growth than the traditional PC market.
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The early reviews on Windows 8 are quite favorable, as Microsoft tries to take on the success of the Apple iPad. The new operating system should start showing up in tablet devices as early as the middle of next year.
American consumers didn’t open their wallets very much in August, according to the Commerce Department.
Retail sales were flat last month, with a slight rise excluding autos. Shoppers have expressed growing worries about the economy as job growth stalls and unemployment remains above 9%.
Economists also say consumers were frozen by the debt battle in Washington, the loss of America’s AAA credit rating and big drops in the stock market.
Meanwhile, producer prices were also flat in August, as seen in a separate report by the Labor Department.
Bottom line: Microsoft unveils Windows 8 as it takes aim at growing tablet market. And U.S. retail sales and producer prices remained unchanged in August.