Wal-Mart sees ‘new normal’ in cutbacks, saving; its 2Q profit beat forecasts but sales slippedNEW YORK — Tighter inventory controls helped Wal-Mart Stores Inc. earn more than Wall Street forecast in its second quarter, but a key U.S. sales indicator fell — a worrisome confirmation of broad weakness in consumer spending. Oil rises above $71 as a weaker dollar drives investors to energy commoditiesNEW YORK — Oil prices rose above $71 a barrel Thursday as a weaker dollar drove investors toward energy commodities. Stocks rise modestly as investors balance weak retail sales, jobs reports with Fed commentsNEW YORK — The stock market is trying to reconcile some disappointing retail sales and jobs data with the Federal Reserve’s more upbeat view of the economy. European stocks pare gains after downbeat US data prompts early Wall Street reverseLONDON — European stock markets trimmed gains Thursday as Wall Street opened lower after disappointing U.S. retail sales data reined in optimism about the speed of recovery in the world’s largest economy. Unexpected drop in July retail sales, rise in new jobless claims point to strained recoveryWASHINGTON — Retail sales disappointed in July and the number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week. The latest government reports reinforced concerns about how quickly consumers will be able to contribute to a broad economic recovery. Power company Xcel reaffirms profit outlook of $1.45-$1.55 per shareMINNEAPOLIS — Power company Xcel Energy on Thursday reaffirmed its 2009 profit outlook as rate increases in several states have helped offset lower demand for electricity caused by the recession. Retailers report weak June sales as job worries and rainy weather dampened businessNEW YORK — Escalating job worries and rainy weather dampened shoppers’ appetite for buying summer staples like shorts and dresses, resulting in sharper-than-expected sales declines for many merchants in June and increasing concerns about the back-to-school shopping season. Wall Street falls in midday trading amid weaker-than-expected retail sales reportNEW YORK — Wall Street fell sharply Wednesday after the government reported weaker-than-expected retail sales in April. Wall Street falls in midday trading amid weaker-than-expected retail sales reportNEW YORK — Wall Street is falling sharply after the government reported weaker-than-expected retail sales in April. Wall Street falls in morning trading amid weaker-than-expected retail sales reportNEW YORK — Wall Street fell sharply Wednesday after the government reported weaker-than-expected retail sales in April. Stock futures extend gains after drop in jobless claims; Wal-Mart says April sales riseNEW YORK — Stock futures are extending early gains following government data showing that new claims for jobless benefits unexpectedly dropped last week to their lowest level since January. Stores post smaller sales declines in April as shoppers feel a little better about the economyNEW YORK — Consumers enticed by warmer weather and glimmers of hope for the economy bought a few more items in April, helping discounter Wal-Mart Stores and many mall clothing chains post better results for the month than expected. While rivals struggle to stay afloat, Ford gains share of US auto marketDETROIT — Detroit’s Big Three is becoming Ford and the other two. |
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