Retail group downcast about holidays, and Sept.. may have brought sector its 13th monthly dropNEW YORK — After parents cut back on clothes and accessories for children this past fall, the retail industry suspects they won’t be any more generous by the holidays. Bankrupt Chicago Sun-Times left with just 1 suitor when no more bids come in before deadlineCHICAGO — No one else stepped forward with a bid for the bankrupt Chicago Sun-Times before a Monday evening deadline, leaving just one offer for the storied newspaper that’s rapidly running out of the cash it needs to stay in business. Document production to government agency subject of Freedom bankruptcy hearingWILMINGTON, Del. — A Delaware bankruptcy judge has declined to rule immediately in a dispute over document production in the Chapter 11 case of Freedom Communications Holdings Inc. Restaurant operator Yum Brands to report on its third-quarter earnings TuesdayLOUISVILLE, Ky. — Yum Brands Inc. is scheduled to report its earnings for its fiscal third quarter on Tuesday after the market closes. The following is a summary of key developments and analyst opinion related to the period. Chrysler CEO shakes up management in bid to boost sales; splits Dodge into truck, car groupsDETROIT — With sales down sharply and pressure to start generating cash before government loans run out, Chrysler CEO Sergio Marchionne shook up his executive team Monday, replacing two of his brand managers after just four months and splitting Dodge into car and truck units. Stocks rise as service industry index signals growth for first time in a year; Dow jumps 112NEW YORK — The first growth in the service industry in a year and upbeat comments about big banks pulled investors into the stock market after two losing weeks. Caris analyst says September sales will come in strong for retailers this weekNEW YORK — Shares of major department-store operators rose on Monday amid positive comments from an analyst who predicted strong same-store sales in September. The broader market rose, as well. Analyst lifts PetSmart to ‘Buy,’ says co. likely to benefit when discretionary spending liftsNEW YORK — PetSmart Inc. climbed Monday as an analyst upgraded the pet food and products retailer, saying the company will likely benefit when discretionary spending picks up with an potential 2010 economic recovery. Belgian retailer Delhaize in talks to buy assets of southern grocery chain BI-LOBelgian international food retailer Delhaize Group is in talks to buy shops and inventory worth $425 million from South Carolina-based BI-LO, a grocery chain that entered bankruptcy proceedings earlier this year. Stocks advance as service industry index signals growth for first time in a yearNEW YORK — The first growth in the service industry in a year and an upgrade of big banks pulled investors into the stock market after a two-week slide. Oil stays below $70 as markets look to corporate earnings for clues on economyOil prices dropped below $69 a barrel Monday at the start of a week filled with third quarter company earnings reports that could hint at the health of the U.S. economy. Stocks rise in early trading as investors try to bounce back from recent declinesNEW YORK — Stocks are rebounding as the market opens after two consecutive weeks of declines as disappointing economic news has piled up. New Chrysler management separates Dodge truck, car brands; Chrysler, Dodge chiefs resignDETROIT — Chrysler’s new Italian management on Monday announced a surprise shake-up of the automaker’s executive team, saying two recently appointed brand CEOs have left and that it was splitting Dodge into two groups, one focusing on trucks and the other on cars. Oil down below $69 in European trade on demand fears, amnesty in Nigeria for rebelsOil prices fell below $69 a barrel Monday as investors worried about energy demand and looked to third quarter company earnings reports this week for clues about the health of the U.S. economy. Stocks try to rebound after 2 weeks of declines; investors eye services sector activity reportNEW YORK — Stock futures rose Monday, pointing to a higher opening as the market tries to rebound from two consecutive weeks of declines as disappointing economic news mounts. Belgian retailer Delhaize to pay $425 mln for assets of bankrupt southern grocery chain BI-LOBelgian international food retailer Delhaize Group is in talks to buy shops and inventory worth $425 million from South Carolina-based BI-LO, a grocery chain that entered bankruptcy proceedings earlier this year. Oil lingers below $70 in Asia as investors look to corporate earnings for clues on economyOil prices lingered below $70 a barrel Monday as investors looked to third quarter company earnings reports this week for clues about the health of the U.S. economy. Wall Street waits for earnings to determine whether rally continues into 8th month or stopsNEW YORK — The stock market’s bulls are slowing their charge, and upcoming earnings reports will determine whether they keep going forward or just stop. Bank of America, Time Warner, CIT Group, ConocoPhillips are among big market movers FridayNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: Stocks fall but end off lows after disappointing jobs report for September; Dow slips 22NEW YORK — Investors retreated further from stocks Friday as the pile of disappointing economic reports grew larger. Bankruptcy trustee, unions object to Visteon’s revised bonus planDOVER, Del. — Auto parts supplier Visteon Inc. has backed off a proposal to pay up to $80 million in bonuses to top executives and other employees, but a revised bonus plan it has filed in bankruptcy court is still generating opposition. Bank of America names team to oversee search for new CEO to replace LewisCHARLOTTE, N.C. — Bank of America Corp. said Friday it created a six-member committee of directors to find a successor for CEO Ken Lewis. Stocks pare early losses as investors see bargains after disappointing jobs reportNEW YORK — Stocks pared early losses and edged lower Friday after a disappointing monthly jobs report brought fresh concerns that a recovery in the troubled labor market may be a long way off. Major companies tentatively scheduled to report quarterly results during week of 10/5/09Major companies tentatively scheduled to report quarterly earnings next week: Factory orders drop unexpectedly in Aug., biggest decline in 5 months as aircraft demand fallsWASHINGTON — New orders to U.S. factories fell in August by the largest amount in five months, as American manufacturers struggle to emerge from the recession. Stocks extend recent slide as September job losses rise more than expectedNEW YORK — Stocks are tumbling after the government said more jobs were lost in September than expected. Stock futures set to lower open as employers shed more jobs than expectedThe stock market headed for a sharply lower open Friday after the government said more jobs were lost in September than expected. Stock futures point to a lower open as investors await key unemployment dataStocks headed toward a lower open Friday as investors await the government’s September jobs report. Manhattan apartment market soar in third quarter, still below year-ago levelsNEW YORK — Blink. What housing downturn? CIT Group seeks to restructure in debt swap or through prepackaged plan in bankruptcy courtNEW YORK — Struggling CIT Group Inc. has launched a debt restructuring effort it hopes will trim at least $5.7 billion from its balance sheet, but also is asking bondholders to approve a prepackaged reorganization plan in case it is forced to file for Chapter 11 bankruptcy protection. |
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