Wall Street ended the week with a choppy trading session. Early gains gave way to mid-day selling. The Dow, S&P 500 and Nasdaq finished lower. Looking at the action for the week: The Dow fell for the first time in three weeks. But the Nasdaq posted a gain. Investors had a hard time overlooking mixed signals from the consumer. JC Penney slashed its outlook for the quarter - saying its core, middle-income shoppers are being squeezed by economic conditions. And consumer sentiment tumbled to a 16-year low, according to the Reuters-University of Michigan final reading for March. But not all news on the consumer was bad. Americans had more money to spend in February, according to government statistics. And a key measure of consumer inflation saw a minor rise. Looking at the retailers: JC Penney was down sharply and other mid-tier department stores like Kohl's and Macy's - down as well. Financials were another sore spot. Citigroup is expected to swing to a quarterly loss amid...
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily gain...
The credit card giant faces daily fines unless it changes its international fee structure, says the EU Competition Commissioner MOREINFO: * EU gives Mastercard ultimatum * EU adopts contested CO2...
Across Canada, the Boxing Day bonanza has begun - and in some parts, it started as soon as Christmas Day ended. At one BestBuy store in Toronto, eager consumers began lining up at midnight...
* German banks in merger frenzy * EU issues Bluefin tuna fishing ban The euro fell to its lowest level in over a month against the dollar after Irish voters rejected the European Union's Lisbon...
India's retail environment is undergoing a revolution and the subprime mess plus high inflation are not going to stall the changes. Wal-Mart's Indian joint venture partner, Bharti Enterprises is...
China unexpectedly raised retail gasoline and diesel prices by up to 18 percent on Thursday (June 20), the sharpest ever single increase. It is the country's first hike in eight months and...
Britain's aviation regulator the Civil Aviation Authority wants to explore the possible break up of UK airport group BAA. BAA owns London's three main airports, Heathrow, Gatwick and Stansted....
Musical impressions, a return to pink and robotic toys...just three of the top trends under the tree this holiday shopping season, this according to retail giant Toys"R"US. But with millions of...
Rice is the staple food for 3 billion people, that's half of the world's population. On Thursday, rice prices in Thailand, the market's top exporter, surged to more than $1,000 dollars a tonne - a...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura Holdings is to pay up to $525 million for Lehman's Asia Pacific franchise and is front-runner to...
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