Costco, BJ’s miss estimates, Big Lots beats
March 3, 2010
SAN FRANCISCO/NEW YORK (Reuters) - A revival of consumer cost concerns did not boost results enough for the biggest U.S. warehouse clubs, as margin constraints weighed on Costco Wholesale Corp , while BJ's Wholesale Club Inc faced pricing pressure from rival supermarket chains.
March 3, 2010
SAN FRANCISCO/NEW YORK (Reuters) - A revival of consumer cost concerns did not boost results enough for the biggest U.S. warehouse clubs, as margin constraints weighed on Costco Wholesale Corp , while BJ's Wholesale Club Inc faced pricing pressure from rival supermarket chains.
Fed: Economy stronger in Feb despite snow
March 3, 2010
WASHINGTON (Reuters) - Economic activity strengthened modestly across most of the 12 Federal Reserve districts during February and likely would have done better if not for heavy snowstorms that battered many areas.
March 3, 2010
WASHINGTON (Reuters) - Economic activity strengthened modestly across most of the 12 Federal Reserve districts during February and likely would have done better if not for heavy snowstorms that battered many areas.
Data suggests a recovering job market
March 3, 2010
NEW YORK (Reuters) - U.S. private employers eliminated fewer jobs last month, suggesting the job market may be on the mend, while the U.S. services sector grew at its fastest pace since the recession began.
March 3, 2010
NEW YORK (Reuters) - U.S. private employers eliminated fewer jobs last month, suggesting the job market may be on the mend, while the U.S. services sector grew at its fastest pace since the recession began.
Wall St flat, White House pushes regulation
March 3, 2010
NEW YORK (Reuters) - U.S. stocks lost gains and were trading little changed on Wednesday as the White House stepped up its efforts to overhaul healthcare and bank regulation, sparking concerns about the potential impact on profits in those sectors.
March 3, 2010
NEW YORK (Reuters) - U.S. stocks lost gains and were trading little changed on Wednesday as the White House stepped up its efforts to overhaul healthcare and bank regulation, sparking concerns about the potential impact on profits in those sectors.
FDA warns Nestle, Gerber on food claims
March 3, 2010
CHICAGO (Reuters) - U.S. health regulators have warned units of Nestle and more than a dozen other foodmakers over nutritional claims made for baby food, nuts and other products on food labels and product websites, according to letters made public on Wednesday.
March 3, 2010
CHICAGO (Reuters) - U.S. health regulators have warned units of Nestle and more than a dozen other foodmakers over nutritional claims made for baby food, nuts and other products on food labels and product websites, according to letters made public on Wednesday.
Fed seeks limit on credit card penalty fees
March 3, 2010
WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday proposed another new rule to strengthen consumer protections against abusive practices by credit card issuers, including limiting penalty fees and requiring them to reconsider past interest rate hikes.
March 3, 2010
WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday proposed another new rule to strengthen consumer protections against abusive practices by credit card issuers, including limiting penalty fees and requiring them to reconsider past interest rate hikes.
Private employers shed fewer jobs in February
March 3, 2010
NEW YORK (Reuters) - Jobs shed by U.S. private employers in February dropped from the prior month, while U.S. firms' planned layoffs fell to the lowest since 2006, suggesting the job market may be starting to recover.
March 3, 2010
NEW YORK (Reuters) - Jobs shed by U.S. private employers in February dropped from the prior month, while U.S. firms' planned layoffs fell to the lowest since 2006, suggesting the job market may be starting to recover.
U.S. probes hedge fund bets against euro
March 3, 2010
NEW YORK (Reuters) - The U.S. Justice Department has launched an investigation into whether hedge funds might have acted together betting against the euro, a source familiar with the situation said on Wednesday.
March 3, 2010
NEW YORK (Reuters) - The U.S. Justice Department has launched an investigation into whether hedge funds might have acted together betting against the euro, a source familiar with the situation said on Wednesday.
General Growth to give suitors information
March 3, 2010
NEW YORK (Reuters) - General Growth Properties Inc said it opened a data room to give suitors information about the company, as a crucial hearing on whether it should be given more time to exclusively file a reorganization plan started in bankruptcy court on Wednesday.
March 3, 2010
NEW YORK (Reuters) - General Growth Properties Inc said it opened a data room to give suitors information about the company, as a crucial hearing on whether it should be given more time to exclusively file a reorganization plan started in bankruptcy court on Wednesday.
Microsoft COO sees gradual recovery
March 3, 2010
LONDON (Reuters) - Microsoft is still seeing a lot of interest in its Windows 7 computer software launched last year and a new budget cycle will help a gradual recovery in business spending, its chief operating officer said.
March 3, 2010
LONDON (Reuters) - Microsoft is still seeing a lot of interest in its Windows 7 computer software launched last year and a new budget cycle will help a gradual recovery in business spending, its chief operating officer said.
Service sector expands in February: ISM survey
March 3, 2010
NEW YORK (Reuters) - The U.S. services sector grew in February at its fastest pace in more than two years, according to an industry report released on Wednesday.
March 3, 2010
NEW YORK (Reuters) - The U.S. services sector grew in February at its fastest pace in more than two years, according to an industry report released on Wednesday.
Warehouse clubs Costco, BJ’s miss profit estimates
March 3, 2010
SAN FRANCISCO/NEW YORK (Reuters) - Warehouse club operators Costco Wholesale Corp and BJ's Wholesale Club Inc posted quarterly earnings below Wall Street estimates, hurt by falling food prices.
March 3, 2010
SAN FRANCISCO/NEW YORK (Reuters) - Warehouse club operators Costco Wholesale Corp and BJ's Wholesale Club Inc posted quarterly earnings below Wall Street estimates, hurt by falling food prices.
Job cuts fall in February to lowest since 2006
March 3, 2010
NEW YORK (Reuters) - The number of planned layoffs at U.S. firms fell in February to the lowest level since 2006, and employers appear to have shifted away from downsizing even though hiring may be a while off, a report on Wednesday showed.
March 3, 2010
NEW YORK (Reuters) - The number of planned layoffs at U.S. firms fell in February to the lowest level since 2006, and employers appear to have shifted away from downsizing even though hiring may be a while off, a report on Wednesday showed.
FDIC’s Bair blasts Wall Street’s values on pay
March 3, 2010
WASHINGTON (Reuters) - An outspoken U.S. bank regulator on Tuesday rebuked Wall Street firms for only paring huge bonuses after a public outcry, saying she wished they had a better "propriety compass."
March 3, 2010
WASHINGTON (Reuters) - An outspoken U.S. bank regulator on Tuesday rebuked Wall Street firms for only paring huge bonuses after a public outcry, saying she wished they had a better "propriety compass."
Nissan to recall 540,000 vehicles globally
March 3, 2010
TOKYO (Reuters) - Nissan Motor Co , Japan's third-biggest car maker, said it will recall about 540,000 vehicles worldwide due to potential defects in brake pedal pins and fuel-gauge components, mostly in the United States.
March 3, 2010
TOKYO (Reuters) - Nissan Motor Co , Japan's third-biggest car maker, said it will recall about 540,000 vehicles worldwide due to potential defects in brake pedal pins and fuel-gauge components, mostly in the United States.
Private sector sheds 20,000 jobs in February
March 3, 2010
NEW YORK (Reuters) - U.S. private employers shed 20,000 jobs in February, fewer than the 60,000 jobs lost in January, a report by a private employment service said on Wednesday.
March 3, 2010
NEW YORK (Reuters) - U.S. private employers shed 20,000 jobs in February, fewer than the 60,000 jobs lost in January, a report by a private employment service said on Wednesday.
Walgreen February sales rise just less than expected
March 3, 2010
CHICAGO (Reuters) - Walgreen Co said February sales at stores open at least a year rose just 0.4 percent, crimped by a lower incidence of the flu versus a year earlier.
March 3, 2010
CHICAGO (Reuters) - Walgreen Co said February sales at stores open at least a year rose just 0.4 percent, crimped by a lower incidence of the flu versus a year earlier.
Costco posts higher profit
March 3, 2010
(Reuters) - Costco Wholesale Corp on Wednesday reported a higher quarterly profit for its holiday quarter, helped by more shoppers coming into its stores and improved sales of discretionary items, like home decor and clothes.
March 3, 2010
(Reuters) - Costco Wholesale Corp on Wednesday reported a higher quarterly profit for its holiday quarter, helped by more shoppers coming into its stores and improved sales of discretionary items, like home decor and clothes.
Greek PM seeks EU support for tough austerity plan
March 3, 2010
ATHENS (Reuters) - Greece's cabinet approved a sweeping new austerity program on Wednesday, the third in as many months, intended to rein in a bulging budget deficit and secure European financial support.
March 3, 2010
ATHENS (Reuters) - Greece's cabinet approved a sweeping new austerity program on Wednesday, the third in as many months, intended to rein in a bulging budget deficit and secure European financial support.
Fewer sellers cut home prices in Feb: Zillow
March 3, 2010
NEW YORK (Reuters) - The percentage of U.S. home sellers who cut their asking price declined again in February and sellers made slightly smaller reductions in prices, real estate website Zillow.com said on Wednesday.
March 3, 2010
NEW YORK (Reuters) - The percentage of U.S. home sellers who cut their asking price declined again in February and sellers made slightly smaller reductions in prices, real estate website Zillow.com said on Wednesday.