Retailers face weak start to holiday season in November
Retailers report November sales decline with only Black Friday strength, signaling a quiet holiday period ahead. Industry economists warn of deeper cuts and possible bankruptcies as shoppers curb spending despite discounts. Fewer shopping days between Thanksgiving and Christmas heighten pressure to perform.
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New York
Wal-Mart
Michael P. Niemira
International Council of Shopping Centers
Janet Hoffman
Accenture
Crude prices tumble below $44 per barrel in slump
Crude prices fell to $43.67 a barrel on the New York Mercantile Exchange as oil demand weakens and job cuts rise. Gasoline averaged under $1.80 a gallon, marking four year lows, with December employment claims at a 26 year high and major firms announcing more layoffs. London Brent futures also slid to $42.28, reflecting a broad energy price collapse amid recession fears.
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Columbus
Ohio
New York Mercantile Exchange
Tom Kloza
Oil Price Information Service
Elora
Europe
Auto Club Aaa
Wright Express
London
Brent
ICE Futures Exchange
Stocks Fall Sharply Ahead of Jobs Report On Wall Street
Wall Street ended a relative calm phase as stocks tumbled in the final hour amid growing anxiety over the upcoming November employment data. The Dow dropped 216 points after a recent run, as job losses and a 6.5 percent unemployment rate were cited, with economists predicting the jobless rate to rise to 6.8 percent and 320,000 more cuts.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Labor Department
Alan Skrainka
Edward Jones
St.Louis
Standard & Poor
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Jae Ee P
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Aans
Swanisnet
Nymex.com
Alitywestx.com
Pany A
Lm Ny
Cele Pau
the Associated Press
Albert B. Finch
M.D
Texas, Ave
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Pittman Davis
OVISA
MasterCard
American Express
Discover
Pittman & Davis
Harlingen
Texge
Pittmandavis.com
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