Data from Europe and China are looking up. These figures support the thesis that the U.S. recovery is a help to China, and is even trickling down to Europe.» Read More
Costco Wholesale Corp said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters. Costco shares were down 1.9 percent in morning trading.
NEW YORK, Dec 5- Several major U.S. retailers posted disappointing sales for November after cautious shoppers pinched their pennies at the start of a shorter holiday season. Costco Wholesale Corp on Thursday said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters.
Nov 7- Costco Wholesale Corp and Victoria's Secret parent L Brands Inc were among the major U.S. retailers to report same-store sales gains for October, but many chains expressed caution heading into the holiday season.
NEW YORK, Oct 10- U.S. shoppers remained cautious in September, gravitating toward bargains as their confidence took a hit from political strife in Washington and slow job growth, just weeks ahead of the start of the holiday season. L Brands Inc said on Thursday sales at stores open at least a year grew 1 percent, missing Wall Street estimates of a 2 percent gain.
NEW YORK, Oct 10- U.S. shoppers continued to show caution in their spending in September, gravitating toward bargains, as political strife in Washington and slow job growth hurt their confidence with the start of the holiday season just weeks away.
*Costco same-store sales below estimates; L Brands beats. *Gap misses estimates, Aeropostale traffic weak. The second quarter was characterized by higher promotions, weak traffic trends and a challenging retail environment, especially in July, teen apparel chain Aeropostale CEO Thomas Johnson said on Thursday.
*Costco same-store sales below estimates; L Brands beats. Costco Wholesale Corp said on Thursday that sales at stores open at least a year rose 4 percent last month, below analysts' expectations of a 5.1 percent increase.
*June same-store sales up 4.2 percent before Gap- Thomson Reuters. *Costco same-store sales up 6 percent, top Wall Street forecast. *L Brands same-store sales miss expectations, but margins strong.
Major retail chains reported sales increases for May that were generally in line with Wall Street's expectations, suggesting consumer spending continues to improve moderately.
A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.
Forget the rally; all the headlines were about fears of the looming mini-"fiscal cliff" coming. Let's agree on one thing: get rid of the word "fiscal cliff." So 2012. We need a new term.
Bon-Ton Stores Inc. 3.7 pct. Stage Stores Inc. 6.5 pct. Costco Wholesale Corp. 7 pct.
By Rick Rothacker and Jed Horowitz. Oct 12- Wells Fargo& Co's. The No. 4 U.S. bank by assets has expanded in mortgage lending while others such as Bank of America Corp.
Oct 12- Wells Fargo& Co reported record quarterly profit on Friday on a surge in mortgage lending, but revenue and a key banking measure fell short of analysts' estimates, sending shares down 3.3 percent. Wells Fargo posted third-quarter earnings of 88 cents per share, topping the analysts' consensus estimate of 87 cents, according to Thomson Reuters I/B/E/S.
Oct 12- Wells Fargo& Co reported a 22 percent increase in its third-quarter profit on Friday on a surge in mortgage lending, but fell short of analysts' revenue estimates. Wells Fargo posted earnings per share of 88 cents, topping the analysts' consensus estimate of 87 cents, according to Thomson Reuters I/B/E/S.
Oct 12- Low interest rates both hurt and helped third-quarter earnings at Wells Fargo& Co, boosting mortgage lending but squeezing core profitability more than analysts expected.
--$138.9 million class A-1 at' AAAsf'; Outlook Stable;-- $866.3 million class A-2 at' AAAsf'; Outlook Stable;-- $1.0 billion class X1 at' AAAsf'; Outlook Stable. Freddie Mac SPC K-015 represents a pass-through interest in the corresponding class of securities issued by FREMF 2011- K15.
Oct 9- Freddie Mac, the No. 2 U.S. home funding company, said on Tuesday it sold $2 billion of reference bills at mixed rates and mixed demand compared with last week's sale of similar maturities.
Oct 9- Freddie Mac, the No. 2 U.S. home funding company, said it will sell $2 billion bills on Tuesday. The sale will include $1 billion three-month bills due Jan. 7, 2013, and $1 billion six-month bills due April 8, 2013. Bids will be accepted from authorized dealers until 9:45 a.m. EDT.