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Market falls on concerns about the consumer (Reuters)
16-05-2008 23h47Reuters - Stocks slipped on Friday after the price of oil hit a record and consumer sentiment data came in surprisingly weak, reviving concerns over spending.
Consumers' mood grim as early-80s in May (Reuters)
16-05-2008 23h34Reuters - Consumer confidence tumbled to its lowest in 28 years this month, a survey showed on Friday, as short-term inflation expectations reached the highest levels since the stagflationary early 1980s.
April housing starts rise best since Jan 2006 (Reuters)
16-05-2008 22h10Reuters - Construction starts on new U.S. homes rose by a surprisingly strong 8.2 percent in April and applications for new building permits turned up for the first time in five months, the Commerce Department said on Friday in a report showing the hard-hit housing sector still had some spring vigor.
Icahn's Yahoo fight puts Microsoft in driver's seat (Reuters)
16-05-2008 22h21Reuters - Two weeks after Microsoft Corp abandoned its pursuit of Yahoo Inc , a proxy fight launched by activist investor Carl Icahn has put Microsoft in the driver's seat.
Abercrombie profit tops view; affirms outlook (Reuters)
16-05-2008 23h19Reuters - Teen apparel retailer Abercrombie & Fitch Co reported higher quarterly profit on Friday, topping Wall Street estimates, as a lower tax rate and a better gross margin helped offset the impact of lower same-store sales.
Consumers' mood grim as early-80s in May (Reuters)
16-05-2008 23h34Reuters - Consumer confidence tumbled to its lowest in 28 years this month, a survey showed on Friday, as short-term inflation expectations reached the highest levels since the stagflationary early 1980s.
SMFG posts big rebound, forecasts modest growth (Reuters)
16-05-2008 17h55Reuters - Sumitomo Mitsui Financial Group (8316.T) reported a threefold increase in fourth-quarter profit, rebounding from massive losses at its consumer finance unit a year earlier, and it forecast modest growth ahead.
Abercrombie profit edges up on sales increase (AP)
16-05-2008 23h11AP - Teen retailer Abercrombie & Fitch Co. said Friday that its first-quarter earnings rose 3 percent from a year ago on stronger sales.
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