Holiday season boosts retailers but uneven results emerge
Big retailers including Wal-Mart J C Penney and Target benefited from late season sales driven by post Christmas shoppers. Gap Kohl's and some others posted weak results while heavy markdowns eroded profits. Sears posted sluggish results yet beat forecasts. Analysts note industry wide gains in same store sales with 4.2 percent rise for November December and overall strongest holiday performance since 1999.
MENTIONED IN THIS ARTICLE
Wal-Mart Stores Inc
J.C. Penney Co. Inc
Target Corp
Gap Inc
Kohl's Corp
May Department Stores Co
Federated Department Stores Inc
Sears, Roebuck and Co
Wall Street
Ken Perkins
Thomson First Call
Michael Priemira
International Council of Shopping Centers
International Council of Shopping Centers-Ubs
Niemira
JC. Penney Co. Inc
TJX Cos. Cutee
Limited Brands Inc
Aaslemenpenanenenennse Dennarat
Dillard’s Inc. Een Lneiyetinatp
Seth Neem
Sales Inc
Federated Department
Stores
Inc
Nan Esasb Neeme
Roebuck and Co
Associated Press
NYSE seeks SEC help to recover Grasso retirement payout
Federal prosecutor Dan K Webb asks the SEC and New York Attorney General Eliot Spitzer to pursue the Grasso case on behalf of the NYSE and within their duties. The report reviews decisions that led to Grasso’s Sept 17 ouster after it disclosed a $187.5 million retirement package. The SEC will probe whether the compensation and its setting violated securities laws or NYSE rules.
MENTIONED IN THIS ARTICLE
Dan K. Webb
Securities and Exchange Commission
New York
Eliot Spitzer
Grasso
NYSE
John S. Reed
SEC
Exchange
Real life glimpse at sex and the city survey findings
A Chicago study shows urban adults remain unmarried long, forming markets for companionship and sex. Researchers led by Edward Laumann find average dating or single life about 19 years, with cohabitation near four and marriage about 18 years between ages 18 and 59.
MENTIONED IN THIS ARTICLE
Chicago
University of Chicago
Edward Laumann
Chicago Health and Social Life Survey
Laumann
The
University
Nikhil Bagadia
Bagadia
Rover still parked on Mars as path clearing fails
NASA scientists at JPL struggle to free the Spirit rover from its lander by retracting air bags used for landing. If the lift and tuck fails, Spirit may roll off the lander via a straight path or alternate ramp, with a 1 to 3 day delay possible.
MENTIONED IN THIS ARTICLE
Mars
Spirit
NASA
Rover
Pasadena
Calif
Jet Propulsion Laboratory
Matt Wallace
Wallace
Earth
Jim Bell
Cornell University
New life for legislation to limit class-action lawsuits
Washington lawmakers edge toward passage of a bill to shift class-action cases from state to federal courts. Backers say it curbs frivolous suits and big damages, while opponents warn it reduces individuals’ rights and benefits corporate interests. A late deal with key Democrats could deliver the votes to advance the measure under President Bush.
MENTIONED IN THIS ARTICLE
Washington
Congress
Corpo
Icene
Gs House
Bush
Senate Republicans
Senate Democrats
Christopher Dodd
Connecticut
Charles Schumer
New York
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