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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Dec 14, 2006
Page
11
Washington report details November retail gains showing a 1 percent rise, revised October figures to a 0.1 percent decline, and broad gains led by a 4.6 percent surge in electronics and appliance stores. Analysts cite strong consumer spending as the holiday season progresses, despite mixed retailer signals.
Retail sales posted a modest rise seasonally adjusted aided by demand for video game consoles such as Sony PlayStation 3 and Nintendo Wii. The Dow Jones industrial average edged up 1.92 to 12,317.50 as investors weighed oil supply data after inventories declined for a third straight week.
Industry experts warn that talks of United and Continental eyeing a merger plus other consolidation moves may reduce routes and competition, potentially raising fares. Analysts guess a mega-airline could gain leverage to cut costs, while some see long term stability and stronger competition to keep prices in check. Regulators may scrutinize deals amid labor and service disruption fears.
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