Sears could lose appliance lead to Lowe's by 2016
Bloomberg notes Sears Holdings faces a drop from 28 percent U.S. appliance market share to about 10 percent by end of 2016 as Lowe's and Home Depot gain. Analyst Gary Baker from Credit Suisse projects Lowe's capturing a quarter of Sears losses, potentially overtaking Sears in appliances.
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Manufacturing expands in October despite auto decline
U S manufacturing output rose 0.2 percent in October while motor vehicle production fell 1.2 percent marking the third straight monthly drop. Empire State index rose to 10.16 in November signaling continued expansion with upbeat business expectations and strong December investment plans.
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