Business

October retail sales post best showing since March (AP)

Yahoo! News: Economy News — Mon, 15 Nov 2010 14:22:41 +0000

AP - Retail sales, helped by strong demand for autos, increased in October by the largest amount in seven months.

Greece sees higher deficit after EU revises data (AP)

Yahoo! News: Business - European Economy — Mon, 15 Nov 2010 14:17:21 +0000

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.

Retail sales jump on autos, building materials (Reuters)

Yahoo! News: Economy News — Mon, 15 Nov 2010 14:13:28 +0000

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.

Stock futures point to higher open on M&A, retail sales (Reuters)

Yahoo! News: Stock Markets News — Mon, 15 Nov 2010 14:09:26 +0000

Reuters - Stock index futures pointed to a modestly higher open on Monday after a pair of proposed multibillion dollar acquisitions.

US stock futures point to higher open (AP)

Yahoo! News: Stock Markets News — Mon, 15 Nov 2010 14:06:51 +0000

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.

Lowe’s 3Q net rises 19 pct on cost-cutting (AP)

Yahoo! News: Earnings News — Mon, 15 Nov 2010 14:04:09 +0000

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.

Irish in crisis talks with EU nations, refuse aid (AP)

Yahoo! News: Business - European Economy — Mon, 15 Nov 2010 13:29:57 +0000

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.

Reasons to sit out GM’s initial stock offering (AP)

Yahoo! News: Economy News — Mon, 15 Nov 2010 13:29:15 +0000

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 company to make money even when the economy dips.

Republican group to urge Fed to drop QE2: report (Reuters)

Yahoo! News: Economy News — Mon, 15 Nov 2010 13:25:25 +0000

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.

Lowe’s misses as shoppers put renovations on ice (Reuters)

Yahoo! News: Economy News — Mon, 15 Nov 2010 13:22:13 +0000

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.