Business inventories drop for 13th consecutive month in August although sales increaseOctober 14th, 2009 Business inventories decline 1.5 percent in AugustWASHINGTON — Businesses slashed inventories for a 13th consecutive month in August although sales posted a third straight increase. The Commerce Department said Wednesday that inventories fell 1.5 percent in August, more than the 0.9 percent fall that analysts had expected.
September retail sales drop 1.5 percent, biggest decline in 9 months, as auto sales plungeOctober 14th, 2009 Retail sales fall 1.5 percent in SeptemberWASHINGTON — Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government's popular Cash for Clunkers program. The Commerce Department says retail sales dropped 1.5 percent last month.
Target posts decline in key sales metric for September but tops analyst estimatesOctober 8th, 2009 Target September sales metric beats estimatesMINNEAPOLIS — Target says a key sales measure dipped 1.7 percent in September but beat analyst estimates. The result led the discount retailer to predict third-quarter earnings per share above Wall Street's forecast.
Realtors group sees dip in Calif. home sales next year, but rising pricesOctober 7th, 2009 Forecast: Calif. home sales to slow in '10LOS ANGELES — The California Association of Realtors is forecasting sales of single-family homes will dip slightly and prices will rise modestly next year.
A snapshot of major employment categories and how they faredOctober 2nd, 2009 Job losses were widespread last monthA snapshot of major employment categories, and how they fared in the past two months:
Construction: Cut 64,000 jobs in September, following losses of 60,000 in August. Manufacturing: Eliminated 51,000 jobs in September, after cutting 66,000 in August.
Ford says US auto sales in Sept. fell 5.1 percent; clunker hangover hurts demandOctober 1st, 2009 Ford Sept. sales fall 5.1 percentDETROIT — Chrysler Group LLC reported a 42 percent sales drop last month, while Ford Motor Co. says its September sales fell 5.1 percent, revealing a tough hangover from this summer's Cash for Clunkers buying spree.
Porsche Cars North America September sales rise 8 pct, a 2nd consecutive monthly increaseOctober 1st, 2009 September Auto Sales: Porsche Cars North AmericaATLANTA — Porsche Cars North America Inc. said Thursday its September auto sales rose 8 percent, the second month in a row Porsche reported a rise.
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.
McDonald's August comparable-store sales rise 2.2 percent globally, boosted by Europe resultsSeptember 9th, 2009 McDonald's comparable-store sales rise in AugustOAK BROOK, Ill. — McDonald's says sales in established stores rose 2.2 percent globally in August, helped by strong results in Europe.
Stocks begin September little changed as investors await data on manufacturing, housingSeptember 1st, 2009 Stocks mixed ahead of manufacturing dataNEW YORK — As September begins, investors are cautious about extending the market's rally into a seventh month. Stocks are little changed in early trading Tuesday, following declines in European shares and a slight rebound in Asian markets.
Stocks begin September slightly higher as investors await data on manufacturing, housingSeptember 1st, 2009 Stocks creep higher ahead of manufacturing dataNEW YORK — Stocks edged higher Tuesday ahead of reports on manufacturing and housing. The slight gains follow declines in European shares and a modest rebound in Asian markets.
TVS Motor sales jump 11 percent in AugustSeptember 1st, 2009 CHENNAI - Two-wheeler manufacturer TVS Motor Tuesday reported an 11 percent growth in August, totting up sales of 126,842 units as against 114,321 units sold in the corresponding month last year. "The company has thus achieved a cumulative sales growth of 5 percent for the period April to August 2009 with cumulative growth of 10 percent in domestic sales, TVS said in a statement.
Home sales up in Los AngelesAugust 19th, 2009 LOS ANGELES - The Los Angeles area saw a 22.6 percent rise in home sales in July, compared to the same month a year ago, a real estate information service has reported. The rise came as prices fell by 19.8 percent in the same period, the Los Angeles-based MDA DataQuick said.
Real estate tracking firm says Southern California median home price ticks up in JulyAugust 18th, 2009 Firm: SoCal median home price ticks up in JulyLOS ANGELES — The median home price in Southern California increased about 1 percent in July from June, marking a third consecutive month-to-month gain, a tracking firm said Tuesday. The price increase came as sales in pricier coastal areas continued to rise and sales of lower-cost foreclosures waned, San Diego-based MDA DataQuick said.
Realtors group says home sales increase from 1st quarter to 2nd, sign of stabilizationAugust 12th, 2009 Home sales rise from 1st quarter to 2ndWASHINGTON — U.S. home sales grew in the second quarter in 39 states, another sign that the ailing housing market is finally coming to life.
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