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Yahoo! News: Business
-----------------------------------
as of Thu, 06 Oct 2005 12:26:08 GMT
Stock futures climb on solid retail sales (Reuters)
Reuters - U.S. stock futures turned sharply higher on Thursday as Wall
Street breathed a sigh of relief that monthly sales reports from major
retailers were better than expected, easing fears of storm-related
disruptions.
Wal-Mart says hurricanes to hurt profit (Reuters)
Reuters - Wal-Mart Stores Inc. on Thursday said Hurricanes Katrina and
Rita would likely trim 1 cent per share from its quarterly profit, but
it still expects earnings in the range of 55 to 59 cents per share.
Oil at two-month low as US cars idle (Reuters)
Reuters - Oil slid to its lowest level in two months on Thursday as U.S.
drivers finally eased off the gas and the world's energy watchdog said
there was no pressing need to dip further into emergency fuel reserves.
Costco profit up 20 pct, $1 bln buyback (Reuters)
Reuters - Costco Wholesale Corp. , the largest U.S. warehouse club
operator, said fourth-quarter profit rose 20 percent on increased sales
and lower taxes, while its board approved a new $1 billion stock
buyback plan.
Marriott third-quarter profit rises (Reuters)
Reuters - Marriott International Inc. , the top U.S. hotel operator, on
Thursday reported an 11 percent gain in third-quarter earnings from
continuing operations, as an upswing in travel drove room rates and
occupancy higher.
Economy Receives Another Inflation Warning (AP)
AP - The economy received another inflation warning on Wednesday, when a
survey of industry executives showed that energy costs drove prices
higher in September while the services sector slowed. The report
reinforced expectations that the Federal Reserve would continue to
raise rates as the economy struggles with rising fuel costs aggravated
by Hurricane Katrina.
Stock futures climb on solid retail sales (Reuters)
Reuters - U.S. stock futures turned sharply higher on Thursday as Wall
Street breathed a sigh of relief that monthly sales reports from major
retailers were better than expected, easing fears of storm-related
disruptions.
BofA Lets Customers Keep Change in Savings (AP)
AP - Bank of America Corp., one of the nation's biggest financial
institutions, has unveiled a plan to make it easier -- and potentially
more rewarding -- to start putting money aside.
Consumers Avoid Mall Shopping in Sept. (AP)
AP - Consumers struggling with higher gasoline prices and the economic
fallout from Hurricane Katrina shopped for basics at discounters and
avoided mall-based apparel stores in September, delivering many
retailers tepid sales results. Unusually warm weather also curtailed
demand for fall clothing.
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