Friday, 16 May 2008 | Source: Reuters
Teen apparel retailer Abercrombie & Fitch reported higher quarterly profit Friday, helped by stronger sales in all its chains and better gross profit.
Wednesday, 14 May 2008 | Source: Reuters
Retailer Macy's reported a quarterly loss Wednesday as a difficult retail environment hurt sales and it incurred costs from a restructuring.
Tuesday, 13 May 2008 | Source: CNBC.com
Stocks declined Tuesday as investors expressed their disappointment in Wal-Mart's outlook, HP's deal and a slew of other news. Surprising resilience in retail sales, excluding autos, helped curb losses. The Nasdaq eked out a gain, led by Yahoo.
Tuesday, 13 May 2008 | Source: CNBC.com
The EFuel100 MicroFueler is the world's first portable ethanol microrefinery system — both a pump station and an ethanol distiller reduced to an appliance-sized unit, allowing users to create usable fuel for most cars with a simple mix of sugar, water and yeast.
Tuesday, 13 May 2008 | Source: CNBC.com
Stocks declined Tuesday as investors juggled a mixed bag of news: Retail sales outside of the hard-hit auto sector showed suprising resilience, while a well-known analyst cut her outlook for big banks. Wal-Mart skidded after the discount giant posted decent results but issued a tepid outlook.
Tuesday, 13 May 2008 | Source: CNBC.com
Stocks declined Tuesday as investors juggled a mixed bag of news: Retail sales outside of the hard-hit auto sector showed suprising resilience, while a well-known analyst cut her outlook for big banks. Wal-Mart skidded after the discount giant posted decent results but issued a tepid outlook.
Monday, 12 May 2008 | Source: Reuters
Chinese retail sales powered ahead in April, providing welcome evidence for policy makers that sturdy domestic demand is taking up slack in the economy left by softening exports.
Friday, 9 May 2008 | Source: CNBC.com
If energy and food prices continue to surge, consumers aren't going to be able to keep up, which would have a huge impact on the economy -- and stocks. Still, the market doesn't seem worried.
Friday, 9 May 2008 | Source: Reuters
Circuit City Stores said Friday that it will allow Blockbuster and the movie-rental company's largest shareholder, Carl Icahn, to conduct due diligence in connection with Blockbuster's proposed acquisition of Circuit City.
Thursday, 8 May 2008 | Source: CNBC.com
Oil prices have soared nearly 10 percent in the past four sessions alone, and CNBC asked the experts for insights and answers.
Thursday, 8 May 2008 | Source: CNBC.com
Stocks bounced back from the prior session's slide, led by techs and materials, as techs staged a rebound and materials benefited from higher metal prices. Better-than-expected retail sales also buoyed the market. Financials declined after federal regulators proposed increased oversight of investment banks.
Many US retailers posted better-than-expected sales in April. However, with most consumers sticking to bargains or basics, don't expect an extended rebound in retail.
Thursday, 8 May 2008 | Source: CNBC.com
McDonald's, the world's largest fast-food chain, said on Thursday that sales at restaurants open at least 13 months rose 5 percent globally in April, helped by strong sales in China, Australia and Russia.
Many US retailers posted better-than-expected sales in April. However, with most consumers sticking to bargains or basics, don't expect an extended rebound in retail.
Thursday, 8 May 2008 | Source: CNBC.com
Stocks bounced back Thursday following a sharp drop in jobless claims and better-than-expected monthly sales from Wal-Mart.