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echo: yahoonews
to: ALL
from: BEN RITCHEY
date: 2005-10-06 07:33:40
subject: Business News Headlines

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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