business
October retail sales post best showing since March
(AP)
AP - Retail sales, helped by strong demand for autos, increased in October by the largest amount in seven months. Read the rest of this entry »
Greece sees higher deficit after EU revises data
(AP)
AP - Greece expects the budget deficit in 2010 will be larger than initially targeted after the EU's statistics agency said Monday the country's debt last year was actually much higher than projected. Read the rest of this entry »
Retail sales jump on autos, building materials
(Reuters)
Reuters - Sales at U.S. retailers rose more than expected in October to post their largest gain in seven months, further evidence the economy was regaining strength. Read the rest of this entry »
Stock futures point to higher open on M&A, retail sales
(Reuters)
Reuters - Stock index futures pointed to a modestly higher open on Monday after a pair of proposed multibillion dollar acquisitions. Read the rest of this entry »
US stock futures point to higher open
(AP)
AP - U.S. stock futures pointed to a higher open Monday following a jump in October retail sales and a big acquisition by Caterpillar Inc. Read the rest of this entry »
Lowe’s 3Q net rises 19 pct on cost-cutting
(AP)
AP - Lowe's Cos.' third-quarter profit rose 19 percent as the home-improvement retailer kept a rein on costs while shoppers remained guarded in their spending. Read the rest of this entry »
Irish in crisis talks with EU nations, refuse aid
(AP)
AP - Debt-burdened Ireland is talking with other European Union governments about how to handle its troubled finances, officials said Monday as the continent's debt crisis plagued markets and policymakers across Europe. Read the rest of this entry »
Reasons to sit out GM’s initial stock offering
(AP)
AP - General Motors executives are playing up three bright spots in the company's future as they try to persuade investors to buy GM stock: a better lineup of cars and trucks, potential for global growth and a new cost structure that enables the compan... Read the rest of this entry »
Republican group to urge Fed to drop QE2: report
(Reuters)
Reuters - A group of Republican-leaning economists will launch a campaign this week calling on U.S. Federal Reserve Chairman Ben Bernanke to drop his plan to buy $600 billion more in Treasury bonds, the Wall Street Journal reported on Monday. Read the rest of this entry »
Lowe’s misses as shoppers put renovations on ice
(Reuters)
Reuters - Lowe's Cos missed quarterly sales estimates as U.S. shoppers put off expensive home renovations in a weak economy, prompting the company to forecast a full-year profit below Wall Street expectations. Read the rest of this entry »