Retailers report solid September sign of early holiday deals
The International Council of Shopping Centers says September revenue rose 5.5 percent led by Target Limited Brands and Kohl's as consumers chased discounts. Analysts warn profit pressure remains amid unemployment housing and market volatility with NRF forecasting 2.8 percent holiday sales growth to $405.6 billion. Strong gains at stores open at least a year suggest retailers will lean on aggressive promotions through the holiday season.
MENTIONED IN THIS ARTICLE
New York
International Council of Shopping Centers
Target
Limited Brands
Kohl's
Wall Street
Sherif Mityas
AJP
Kearney
National Retail Federation
Abercrombie & Fitch
Kohl's Corp
Jennifer Lopez
Marc Anthony
Target Corp
Mortgage rates dip below 4 percent for 30 year loan
Washington Freddie Mac reports the 30 year fixed rate at 3.94 percent, a historic low, while the 15 year fixed rate falls to 3.26 percent. Despite cheap borrowing, housing demand remains weak due to jobs, credit, and foreclosures, with unemployment above 9 percent and cautious buyers.
MENTIONED IN THIS ARTICLE
Washington
Freddie Mac
National Bureau of Economic Research
Celia Chen
Moody's Analytics
Coroner investigator admits mistakes in Jackson evidence
Coroner investigator Elissa Fleak acknowledged errors in collecting medications and other evidence from Michael Jackson's bedroom after his death. Defense cross examination focused on images showing movement of an IV pole, saline bag, and propofol bottle, with Fleak noting no investigation is perfect and some hindsight improvements exist.
MENTIONED IN THIS ARTICLE
Los Angeles
Michael Jackson
Elissa Fleak
Ed Chernott
Hanson
Conrad Murray
Chernoff
Freak
Fleak
David Walgren
Ms. Fleak
Walgren
Jackson
Murray
Alberto Alvarez
Ed Chernoff
Senate panel approves consumer bureau head
The Senate Banking Committee backed President Obama’s pick to lead the Consumer Financial Protection Bureau by a 12-10 party-line vote. Richard Cordray, former Ohio attorney general, would direct the new agency created by last year’s financial reform law to guard consumers in lending and financial transactions.
MENTIONED IN THIS ARTICLE
Washington
Democraticnan Senate Banking Committee
Barack Obama
Consumer Financial Protection Bureau
Senate
Obama
Yearold
Richard Cordray
Ohio
Ageney
Wall Street
Obama Warns China Bill Could Break Agreements
President Obama says China has gained in the trading system and voices concern that bipartisan Senate sanctions to punish currency undervaluation may conflict with international commitments. He did not state a veto stance. Senators argue the undervalued yuan amounts to a subsidy costing American jobs, while Obama worries U S sanctions might not be upheld by the World Trade Organization.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
China
Senate
Beijing
Obama
United States
World Trade Organization
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THE
Associated Press
Alan Diazai
Betsy Santiago
Hialeah, Fla
Mario Anzuoni
Senate Panel
Oks Consumer Bureau
Bill
pulLesch
Kicker mMicoLe
Paare
Caid
Odessa American
E. 4Th Street
Odessa
Oapa
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