Member 2730


Toyota issues bleak profit forecasts on yen, U.S. woes (Reuters)

08-05-2008 19h13
Reuters - Toyota Motor Corp (7203.T) posted a bigger-than-expected 28 percent drop in quarterly net profit due to a stronger yen and sliding U.S. sales, and forecast its first annual profit decline in seven years.

Retail sales lift stocks at open (Reuters)

08-05-2008 22h37
Reuters - Stocks opened up slightly on Thursday as retailers, including Wal-Mart Stores Inc , posted higher-than-expected monthly sales figures.

Best Buy enters Europe with Carphone retail deal (Reuters)

08-05-2008 20h00
Reuters - Best Buy, the world's biggest electronics retailer, is to pay $2.1 billion for half of Britain's Carphone Warehouse chain to take on the European consumer electricals market.

Jobless claims fall 18,000 in latest week (Reuters)

08-05-2008 22h02
Reuters - The number of U.S. workers filing claims for initial jobless benefits fell more than expected last week, according to a report on Thursday that suggested the labor market, while soft, was not deteriorating rapidly.

Shoppers go after bargains in April (Reuters)

08-05-2008 21h33
Reuters - Apparel chains struggled through another dismal month in April as they tried to bring in cash-strapped shoppers, but discounters fared well as consumers hungered for bargains to buy necessities.

Lobster boat builders pinched as catch drops, economy slows (AP)

08-05-2008 23h16
AP - For the first time in 24 years of building lobster boats, Wayne Beal doesn't have any job orders.

Consumer borrowing unexpectedly surges in March (AP)

08-05-2008 16h40
AP - Consumer borrowing rose in March at the fastest pace in four months, more than double the increase of the previous month, in what was seen as a sign of rising economic stress.

Consumers give stores some relief but still spend cautiously (AP)

08-05-2008 23h02
AP - Consumers gave some of the nation's retailers a little relief in April after months of dismal sales, gravitating toward discounters and wholesale clubs but generally still shying away from stores selling clothes and other non-necessities.
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