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Consumer Discretionary Consumer Durables and Apparel

  • You can count on major appliances to last about a year for every $100 spent, says Doug Rogers, president of Mr. "If I bought a $100 microwave, I'm probably not going to call anyone to fix it if it's over a year old," Rogers says. " But if I buy a $1,000 refrigerator, it's probably worth fixing up to 10 years. "

  • Although Nest has been among the early leaders in the effort to make home appliances as intelligent as people's smartphones, it hasn't been able to make money to the frustration of its corporate parent, Alphabet. In an attempt to shake things up, Alphabet brought in cable industry veteran Marwan Fawaz to replace Nest founder Tony Fadell as CEO after Fadell...

  • WASHINGTON, Sept 7- Appliance giant Whirlpool Corp on Thursday called on the U.S. International Trade Commission to impose "global safeguard" restrictions on imported washing machines to stop its South Korean rivals Samsung and LG from flooding the American market with cheap machines. His concerns were echoed by an executive of GE Appliances, which also makes...

  • WASHINGTON, Sept 7- Appliance giant Whirlpool Corp on Thursday called on the U.S. International Trade Commission to impose "global safeguard" restrictions on imported washing machines to stop its South Korean rivals Samsung and LG from flooding the American market with cheap machines. In testimony to the trade body, Whirlpool Chief Executive Officer Jeff...

  • UNITED NATIONS, Sept 6- The United States wants the United Nations Security Council to impose an oil embargo on North Korea, ban the country's exports of textiles and the hiring of North Korean laborers abroad and subject leader Kim Jong Un to an asset freeze and travel ban, according to a draft resolution seen by Reuters on Wednesday. A resolution needs nine votes...

  • UNITED NATIONS, Sept 6- The United States wants the United Nations Security Council to impose an oil embargo on North Korea, ban the country's exports of textiles and the hiring of North Korean laborers abroad and subject leader Kim Jong Un to an asset freeze and travel ban, according to a draft resolution seen by Reuters on Wednesday. It was not immediately clear...

  • The 'Friendship Bridge' is seen in the background as Chinese men take part in morning exercises on the Yalu river in the border city of Dandong, Liaoning province, northern China across from the city of Sinuiju, North Korea on May 23, 2017 in Dandong, China.

    President Trump said the US could consider stopping all trade with countries doing business in North Korea.

  • *Energy, materials lead, utilities lag. NEW YORK, Sept 1- Wall Street gained modestly on Friday as a tepid U.S. jobs report kept expectations muted for another interest rate hike this year, while investors kicked off a typically dour month for stocks on a positive note. The latest economic data that came out today... didnt provide information to the Fed that they need to...

  • NEW YORK, Sept 1- Wall Street gained on Friday as a tepid U.S. jobs report did little to change bets for another interest rate hike this year, while investors were on track to kick off a typically dour month for stocks on a positive note. The Labor Department said on Friday nonfarm payrolls increased by 156,000 last month, while economists had forecast an increase of...

  • *August nonfarm payrolls up by 156,000 vs. est. 180,000. *Average hourly earnings rise 0.1 pct vs. est 0.2 pct. Sept 1- U.S. stocks rose on Friday, with the Dow hitting the 22,000 mark for the first time in more than two weeks, after a tepid August jobs report increased the likelihood of the Federal Reserve holding back on raising interest rates again this year.

  • *August nonfarm payrolls up by 156,000 vs. est. 180,000. Sept 1- U.S. stocks opened higher on Friday, with the Dow hitting the 22,000 mark, after data showed job growth slowed more than expected in August, which could make the central bank cautious about raising interest rates again this year. "It's a little bit of a disappointment," said Scott Anderson, chief economist at...

  • *August nonfarm payrolls up by 156,000 vs. est. 180,000. Sept 1- U.S. stocks looked set to open higher after data showed job growth slowed more than expected in August and wage growth remained anemic, potentially making the central bank cautious about raising interest rates again this year. "It's a little bit of a disappointment," said Scott Anderson, chief economist...

  • The Labor Department's report is expected at 8:30 a.m. ET. *Wall Street closed higher on Thursday as investors reacted to economic data and took cautious hope from Washington's latest promises for long-awaited details of a tax reform plan. Treasury Secretary Steven Mnuchin said that President Donald Trump's administration has a detailed plan on tax...

  • The Labor Department's report is expected at 8:30 a.m. ET. *Wall Street closed higher on Thursday as investors reacted to economic data and took cautious hope from Washington's latest promises for long-awaited details of a tax reform plan. Treasury Secretary Steven Mnuchin said that President Donald Trump's administration has a detailed plan on tax...

  • TORONTO, Aug 31- Canadian yoga and leisure apparel maker Lululemon Athletica Inc reported quarterly profit and sales on Thursday that topped expectations as online sales surged 30 percent thanks to an effort to beef up its e-commerce strategy, and the company raised its outlook. Total comparable sales for Lululemon grew 7 percent, higher than the average 4...

  • TORONTO, Aug 31- Canadian yoga and leisure apparel maker Lululemon Athletica Inc reported a quarterly profit and revenue on Thursday that topped expectations, as same-store sales increased, particularly online. The company reported earnings of $48.7 million, or 36 cents per share in the second quarter ended July 30. Vancouver- based Lululemon, which announced...

  • SAO PAULO, Aug 31- Brazilian policymakers and economists have for years promised that a surge in corporate investment would lift Latin America's largest economy out of its worst recession. Instead the economic recovery has some investors betting that consumer-facing firms- such as retailers, healthcare companies and apparel makers- are better positioned...

  • By Manoj Kumar and Tommy Wilkes. NEW DELHI, Aug 31- India's government scrambled to defend its attempt to crack down on the shadow economy by banning high denomination banknotes, after data showed almost all of the abolished currency had made it back into the banking system. Prime Minister Narendra Modi personally led the shock move last November to outlaw 86...

  • Aug 24- U.S. teen apparel retailer Abercrombie& Fitch Co posted a much smaller than expected quarterly loss on Thursday, helped by robust demand for its Hollister surfwear brand, sending the company's shares soaring as much as 18 percent. Hollister has been driving Abercrombie's results in recent quarters, while the company's namesake brand, which sells a wider...

  • *Q2 rev $844.6 mln vs est of $824 mln. *Q2 adj EPS $0.19/ shr vs est of $0.16/ shr. Traditional apparel retailers, including American Eagle, have been struggling as consumers favor fast fashion and online retailers amid a battered retail sector seeing a spate of bankruptcies such as Aeropostale Inc and Wet Seal.