(Reuters) - Children's Place Retail Stores Inc's quarterly profit almost doubled, driven by higher sales and improved gross margins, but the apparel retailer said it expects a challenging holiday season.
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Among the companies whose shares are expected to see active trade in Thursday’s session are a number of retailers – including Gymboree, Hot Topic, Limited, Men’s Wearhouse, PetSmart and Stage -- as well as Amgen, Citi, GE, GM, Humana, Intuit, PepsiCo, Pfizer and Takeda.
As debt securities in the “AAA” categories began trading at yields spreads of 1000-plus basis points over comparative treasury maturities this week, bond market veterans were reminded of a popular slogan Senator John McCain used on the stump: if you live long enough, you will see everything. Across the Atlantic, debt pricing specialists watched in horror as default probabilities wit...
As debt securities in the “AAA” categories began trading at yields spreads of 1000-plus basis points over comparative treasury maturities this week, bond market veterans were reminded of a popular slogan Senator John McCain used on the stump: if you live long enough, you will see everything. Across the Atlantic, debt pricing specialist watched in horror as default probabilities with...
Selloff sends markets to 5-year lows. U.S. stock and bond markets dropped to their lowest levels since the economic crisis began, on new concerns about rising defaults and the financial system's health. The stock market fell to a 5.5 year low, led by banks and financial institutions. Markets are now down 43.5% from an all-time high reached just over a year ago, and nearly all the gains from th...
London Markets: U.K. stocks slide on recession concerns, but retailers climb
Thu, Nov 20, 5:12 AM ET
U.K. stocks were on pace Thursday to close below a key technical level for the first time in three weeks as the global and local fears about recession were shown by the job cuts at Rolls-Royce and the discounts employed by Marks & Spencer.
The Pound continued to fall leading up to the U.K. retail sales report, before it pared some of its losses when the reading was better than expected. However,...
According to Reuters, Japan exports hit their lowest level since 2002. Reuters writes that hopes for an auto bailout in this session of Congress are poor. Reuters reports that the US is looking into lending practices at Golden West. Reuters reports that small businesses are being hurt by trouble on Wall St.Reuters reports that a bank analyst said financial firms need another $1 trillion in capi...
U.K. October retail sales yet again came in better than expected, falling just 0.1% m/m compared to a market median estimate for a 0.8% m/m drop. Meanwhile,...
Retail spending in the U.K. fell 0.1% in October following a 0.5% decline in the previous month, which was much stronger than the 0.9% fall projected by...