According to today’s report from the U.S. Census Bureau, retail and food services sales in August rose 0.9% month-over-month and 4.7% compared with August 2011. Economists had been expecting an increase of…
courtesy NintendoAfter more than a year since the product’s introduction, the Nintendo Wii U game controller finally has pricing, shipping dates, and more details on what the device can do. The company…
Digital media research firm comScore Inc. (NASDAQ: SCOR) has released its ranking of the top 50 U.S. web properties for August and the list is topped, once again, by the usual suspects.…
A JP Morgan Chase & Co. (NYSE: JPM) analyst speculated that sales of the new Apple Inc. (NASDAQ: AAPL) iPhone 5 could add “between 0.25% and 0.5% to annualized economic growth in the fourth quarter.”…
Consumers boosted their spending in July by a seasonally adjusted 0.4%, according to the latest Commerce Department data. That was the biggest gain in five months, as aftertax incomes continued to grow…
Several retailers are announcing August same-store sales today, and the reports are generally good. The good results are pushing share prices close to or above current highs. Here’s a rundown: Macy’s Inc.…
Troubled retailer Sears Holdings (NASDAQ: SHLD), which was formed by a 2005 merger of Sears and Kmart, was thrown out of the S&P 500 as of September 4. It will be replaced by specialty chemical…
We wrote this morning about the ongoing M&A chatter about SUPERVALU Inc. (NYSE: SVU). The store is seeking a buyer for the whole company, but so far most of the interest has…
Digital media research firm comScore Inc. (NASDAQ: SCOR) has released its ranking of the top 50 U.S. web properties for July and the list is topped by the usual suspects. comScore counted…
Wikimedia CommonsBloomberg TV has been running a special this morning about the poor turnaround that Ron Johnson has engineered at JCPenney Co. Inc. (NYSE: JCP). Our take is that this is the…
The three major US stock indexes opened somewhat lower this morning following an announcement from the Bank of England that it would not change interest rates nor asset purchases. In Asia, the…
Updated throughout the day on the 24/7 Wall St. Wire: Several of the largest retailers in the country, including Wal-Mart Stores Inc. (NYSE: WMT) and Target Corp. (NYSE: TGT), will launch a…
Target Corp. (NYSE: TGT) reported second-quarter earnings per share (EPS) of $1.12 and $16.78 billion in revenues before markets opened this morning. In the same period a year ago, the big-box retailer…
Wal-Mart Stores Inc. (NYSE: WMT), CVS Caremark Corp. (NYSE: CVS), 7-Eleven Inc., Sunoco Inc. (NYSE: SUN) and other well-known retailers are expected to announce that they have banded together to develop a…
Standard Chartered pays a New York bank regulator $340 million to settle money laundering charges that involved Iran. (Reuters) The New York Times Company (NYSE: NYT) names BBC General Director Mark Thompson…
