Summary Box: Bumpy recovery expected as 2 economic reports come in lower than expectedSeptember 25th, 2009 Summary Box: Durable goods, homes data disappointDISAPPOINTING REPORTS: Orders for autos, appliances and other goods that are expected to last at least three years dropped 2.4 percent in August, defying economists' estimates of a 0.5 percent gain. Sales of new homes inched up 0.7 percent, also less than forecast.
Summary Box: Retail sales jump in August, but increase may be temporarySeptember 15th, 2009 Summary Box: Retail sales jump in AugustSPENDING REBOUNDS: The Commerce Department said retail sales rose 2.7 percent in August, the most in more than three years. A spike in auto sales, spurred by the Cash for Clunkers program, and higher gas prices drove the increase.
Apparel chain sales results for AugustSeptember 3rd, 2009 Apparel chain sales results for AugustNEW YORK — Summary of comparisons of August sales at established apparel stores against August 2008. Abercrombie & Fitch Co.
Summary Box: New jobless claims dip less than expected, weak labor market may hinder recoverySeptember 3rd, 2009 Summary Box: Jobless claims dip less than expectedJOBLESS CLAIMS ELEVATED: The Labor Department said the number of laid-off workers applying for benefits dipped to 570,000 from an upwardly revised 574,000 the previous week. The number of Americans continuing to receive benefits rose unexpectedly to 6.23 million.
Summary Box: Manufacturing, housing data boost recovery hopes, consumers are the keySeptember 1st, 2009 Summary Box: Manufacturing, housing data improveMANUFACTURING GROWTH: The Institute for Supply Management's manufacturing index showed growth in the sector in August for the first time in 19 months, posting the highest number since June 2007. New customer orders jumped to a level not seen since December 2004.
Correction: Story on retail sales and the economyAugust 14th, 2009 Correction: Story on retail sales and economyWASHINGTON — In an Aug. 13 story about July retail sales, The Associated Press reported erroneously that Wal-Mart Corp.'s second-quarter earnings fell.
Retail sales post unexpected 0.1 percent decline in July, raising new worries about consumersAugust 13th, 2009 Retail sales unexpectedly dip 0.1 percent in JulyWASHINGTON — Retail sales outside of autos turned in a disappointing performance in July, underscoring concerns about the timing and durability of a recovery from the worst recession since World War II. The Commerce Department said Thursday that retail sales fell 0.1 percent last month.
Stocks open slightly higher after retail sales, weekly unemployment reports, Wal-Mart earningsAugust 13th, 2009 Stocks creep higher after jobs, retail dataNEW YORK — Stocks are pushing moderately higher after a better-than-expected earnings report from Wal-Mart helped to offset disappointing data on jobs and retail sales. Investors are hesitantly adding to Wednesday' big gains, which came after upbeat comments from the Federal Reserve.
Stocks turn lower in early trading after weak retail sales, jobs reportsAugust 13th, 2009 Stocks edge lower after jobs, retail dataNEW YORK — Stocks turned lower in early trading Thursday as disappointing reports on jobs and retail sales deflated some of investors' optimism about the economy. Investors sent the major indexes slightly higher at the opening, but stocks failed to hold on to the gains and extend Wednesday's big rally, which followed upbeat comments from the Federal Reserve.
Dollar drops as Germany, France unexpectedly see growth in 2Q; US retail sales drop in JulyAugust 13th, 2009 Dollar drops as Germany, France see growthNEW YORK — The dollar dropped Thursday as Germany and France returned to economic growth and U.S. retail sales slipped unexpectedly last month.
Euro-zone retail sales fall 0.2 percent in JuneAugust 5th, 2009 Euro retail sales fall 0.2 pct in JuneBRUSSELS — The European Union says retail sales in the 16 nations that use the euro fell 0.2 percent in June from a month earlier, showing that consumers are wary of spending as unemployment hits a 10-year high. Shoppers cut back spending both on daily essentials such as food, drink and tobacco and on non-food items such as clothing, electronics and medicines.
Euro zone retail sales down 0.4 percent in May as consumers remain reluctant to spendJuly 3rd, 2009 Euro zone retail sales down 0.4 percent in MayLONDON — Retail sales fell in May in the 16 countries that use the euro, in a further sign that consumers aren't optimistic about their future in the midst of a deep and widespread recession. Eurostat, the EU's statistics office, says retail sales in the euro zone fell by 0.4 percent from the previous month.
Ford analyst calls June industry's best month in '09; sales down less than 30 pctJune 29th, 2009 Ford analyst says June best month for sales in '09DEARBORN, Mich. — Ford Motor Co.'s top sales analyst says June was the industry's best month of the year, with sales falling less than 30 percent.
Apparel chain sales results for AprilMay 9th, 2009 Apparel chain sales results for AprilNEW YORK — Summary of April same-store sales results for apparel category store chains, with percentage increase or decrease over the same month last year. Abercrombie & Fitch Co.
Grocer Safeway Inc. reports 1st-qtr results Thursday; recession may continue taking a tollApril 29th, 2009 Earnings Preview: Safeway Inc.PORTLAND, Ore. — Grocery-store operator Safeway Inc.
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