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Same-store sales continue modest recovery in April
Reuters(Reuters) - Retail spending continued to grow modestly in April as bad weather delayed spring shopping in much of the country and many consumers gravitated toward discount chains. Thirteen major U.S. retailers reported a 3.8 percent increase in April...Tags: Fred's Incorporated, Gap Inc., The Wet Seal Incorporated, Macy's, Inc., Auto Trends
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Nikkei set to tap fresh 5-year highs as dollar breaks above 100 yen
ReutersTOKYO, May 10 (Reuters) - The Nikkei share average is expected to scale yet another five-year high on Friday as the U.S. dollar finally managed to break above the elusive 100 yen mark, putting the Japanese currency at levels that should generate robust...Tags: Sony Corp., Unemployment Benefits, Blue Chip Stocks, Japan, Automotive Equipment
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Green Mountain ups outlook, expands Starbucks deal
Reuters(Reuters) - Green Mountain Coffee Roasters Inc , maker of Keurig single-serve brewers and K-Cups, raised its full-year earnings outlook on Wednesday after a better-than-expected second quarter and said it had expanded its relationship with Starbucks...Tags: Starbucks Corp., Patents, Copyrights and Trademarks, Teavana Holdings, Inc., Companies and Corporations, New Products
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GLOBAL MARKETS-Asian shares pause after rally, yen at 4-yr low vs dollar
Reuters* MSCI Asia ex-Japan down after recent rally * Nikkei at highest since January 2008 as yen hits 4-yr low vs dollar * Japan data shows investors buying foreign bonds last two weeks By Chikako Mogi TOKYO, May 10 (Reuters) - Japanese equities soared to a...Tags: Economic Indicator, Companies and Corporations, Finance, Nikkei, Federal Reserve
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WRAPUP 1-Telus profit steams ahead, BCE trails on flat revenue
Reuters* Telus profit jumps 13 pct; BCE up less than 7 pct * Telus stock rises after results; BCE dips * Wireless growth helps both companies * Telus results gets Optik TV boost By Alastair Sharp TORONTO, May 9 (Reuters) - Canadian telecoms provider Telus...Tags: Computing and Information Technology Industry, Television Industry, National Hockey League, Buyback, Computer Hardware
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WRAPUP 3-U.S. same-store sales continue modest recovery in April
Reuters* Analysts see 4.3 pct sales gains for 13 top chains * TJX and Ross beat, Ross raised profit forecast * ICSC forecasts May same-store sales up 2-3 pct * Buckle, Zumiez shares rise as sales top views By Phil Wahba May 9 (Reuters) - U.S. retail...Tags: Fred's Incorporated, Zumiez Incorporated, Stock Market, Gap Inc., Tools and Hardware
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COLUMN: Has a new long-term bull market begun? - Anatole Kaletsky
ReutersBy Anatole Kaletsky May 9 (Reuters) - Two months ago, when Wall Street first approached a record high, I warned about the dangers of "stock market vertigo" - a condition that combines the fear of buying shares at unsustainably high prices with the...Tags: George W. Bush, Intel Corp., Computing and Information Technology Industry, DAX, Microsoft Corporation
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Sony forecasts profit to hold steady this year after return to black
ReutersTOKYO, May 9 (Reuters) - Sony Corp said it expects operating profit to hold steady in the year to next March after rising to its highest in five years last year, as a weakening yen bolsters overseas sales and makes its consumer electronics business more...Tags: Sony Corp., Thomson Corporation, Foreign Exchange Market, Weather, Weather Reports
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TowerJazz Q1 revenue, profit fall; sees better quarters ahead
ReutersTEL AVIV, May 9 (Reuters) - Israeli chipmaker TowerJazz reported lower revenue and net profit in the first quarter due to a contractual decrease in sales to Micron Technology at its Japanese plant but expects improvement in each of the next quarters of...Tags: Companies and Corporations, Economy, Business and Finance
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US STOCKS-Futures flat after record close, jobless claims on tap
Reuters* Dow, S&P come off records after five days of gains * Jobless claims on tap, seen rising from last week * Groupon revenue growth faster than expected * Dow up 3 pts, S&P down 0.7 pt, Nasdaq down 4 pts By Ryan Vlastelica NEW YORK, May 9 (Reuters) -...Tags: News Corp., Economic Indicator, S&P 500, Prices, Stock Market
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CANADA STOCKS-TSX set to open lower as commodity prices slip
ReutersMay 9 (Reuters) - Canada's main stock index looked set to open lower on Thursday as commodity prices slipped and investors turned cautious after Chinese inflation rose more than expected. But North American stock futures did pare losses after data showed...Tags: North America, Gold and Precious Material, Manulife Financial Corporation, Metal and Mineral, Weather
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Earnings: Sony Makes First Profit in 5 Years
ReutersMay 09 (TheWrap.com) - Sony clawed its way back to profitability for the first time in nearly five years. The sale of several buildings combined with a favorable exchange rate helped the struggling electronics and media company post a profit of 43...Tags: Sony Corp., Electronics, Companies and Corporations, The Amazing Spider-Man (movie), Economy, Business and Finance
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