Retailers see mixed July sales as shoppers cut back
Retailers report mixed July results with Wal-Mart and Costco posting gains while apparel chains Limited Brands Gap and luxury Saks struggle. Analysts warn stimulus fade and high prices squeeze shoppers ahead of back to school, retail metrics show broader pullback on discretionary items yet inventories stay controlled despite threats to August and fall demand.
MENTIONED IN THIS ARTICLE
New York
Wal-Mart Stores Inc
Costco Wholesale Corp
Wal-Mart
Wall Street
Limited Brands Inc
Gap Inc
Saks Inc
Saks
RetailMetrics LLC
International Council of Shopping Centers
UBS
ICSC
Michael P Niemira
Niemira
Gap
U S deaths in Afghanistan war reach 500
The AP notes the three month period ending July 2006 proved the deadliest for American forces in Afghanistan, with U S casualties reaching 500 and civilian deaths rising. The surge in violence comes as about 33 000 U S troops patrol the country and calls for more forces grow.
MENTIONED IN THIS ARTICLE
U.S
Afghanistan
Kabul
Iraq
Associated Press
NATO
Bin Laden driver Hamdan given light sentence at Guantanamo
Salim Hamdan, Osama bin Laden's driver, receives a 5 1/2 year term with five years already served. The six officer jury rejected the prosecutors' demand for a tougher sentence and ordered review by a Pentagon official later. Hamdan thanked the jury, apologized, and said God willing before the judge indicated he may face administrative review and possible continuation of detention at Guantanamo Bay.
MENTIONED IN THIS ARTICLE
Guantanamo Bay Naval Base
Cuba
Osama bin Laden
Salim Hamdan
Guantanamo Bay
Hamdan
U.S
Navy
Keith Allred
bin Laden
Pentagon
David Thomas
Iraq and U.S. near timetable for troop withdrawal by 2010
Iraq and the United States near an agreement on all American combat troops leaving Iraq by October 2010 with the last troops out around 2013. The deal would require Baghdad to take over parts of the Green Zone by end 2008 and U.S. forces out of Iraqi cities by June 30, 2009, while immunity for U.S. soldiers remains a sticking point.
MENTIONED IN THIS ARTICLE
Baghdad
Iraq
U.S
Associated Press
Nouri al- Maliki
Bush
al-Maliki
U.N
Mirembe Nangtongo
Washington
David Satterfield
United States
Submarine Houston leak shows tiny radiation amounts across ports
Officials said the US Navy found that the nuclear submarine USS Houston released less than 9.3 micro curies of radioactivity over two years, mainly at Guam and Pearl Harbor, with minor amounts during visits to Sasebo Okinawa Singapore Port Kelang and Saipan. The leak is described as weepage, not a dangerous exposure, and the ship remains in Hawaii for repairs.
MENTIONED IN THIS ARTICLE
U.S
Afghanistan
Seth Jones
Rand Corp
Pentagon
Tokyo
Guam
Environmental Protection Agency
Navy
Jeff Davis
Houston
Hawaii
Knolls Atomic Power Laboratory
Davis
Japan
George Washington
Yokosuka
United States Navy
Pearl Harbor
Singapore
Port Kelang
Malaysia
Saipan
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Conference Board
Labor Department
New Delhi
India
Nepal
Beijing
China