Retail slowdown bites shoppers and stores nationwide
The economy’s weakness and stock volatility curb consumer spending across sectors. Wal-Mart and Target report March sales below expectations, while discounters offer steep discounts. Some chains like Hot Topic and Pacific Sunwear show strength, and drugstores and Best Buy post solid results, but luxury retailers fear softer demand as confidence erodes. The rich hold steady yet cautious.
MENTIONED IN THIS ARTICLE
Wal-Mart
Target Corp
Mervyn's
Target Stores
Marshall Field's
Kmart Corp
Carl Steidtmann
PriceWaterhouseCoopers
Gap Inc
Brooks Brothers
Hot Topic
Pacific Sunwear
California
Walgreen Co
CVS Corp
Ford warns defect in 2002 Explorer Mountaineer SUVs
Ford Motor Co warns customers of a defect that can break the rear glass liftgate on certain 2002 Ford Explorer and Mercury Mountaineer SUVs. Brackets may loosen causing the glass to shatter or detach. About 56,652 vehicles affected. 12,669 sold. Ford will collect affected cars, provide loaners, repair, and return with full tank.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Ford
Mike Vaughn
Vaughn
Kentucky
Missouri
Explorer
Dobbs to Return as Moneyline Anchor at CNN
New York AP reports Lou Dobbs agreed to return to CNN to revive Moneyline the financial news program he launched twenty years ago. The move aims to restore top ratings amid competition from Fox News MSNBC and CNBC after past feuds and resignations.
MENTIONED IN THIS ARTICLE
Moneyline
NEW York
Lou Dobbs
CNN
Dobbs
Rick Kaplan
CNN USA
CNBC
Business Center
Stuart Varney
Willow Bay
Network
Fox News Channel
MSNBC
Elyria Foundry workers vote on union representation
Elyria Foundry Co employees seek representation by United Steelworkers with a vote upcoming. The plant has 320 workers and has never been unionized, amid past organizing attempts and opposition from owners. Union officials cite pay and benefits as triggers for organizing.
MENTIONED IN THIS ARTICLE
Elyria
Elyria Foundry Co
United Steelworkers of America
York International
United Auto Workers Union
UAW
National Labor Relations Board
Foundry
Gregory Foster
Sam Knezevic
United Steelworkers Union
Elyria Foundry
Filbert St
Gateway Boulevard
Jerry Smith
Pat Gallagher
Gallagher
Carl Hobbs
Knezevic
Hobbs
Dow closes above 10000 on tech rebound rally
Technology led a broad market surge sending the Dow Jones Industrial Average above 10,000 for the first time in about a month, rising 257.59 to 10,102.74 as Microsoft and Intel boosted tech shares while Motorola fell after-hours on a larger-than-expected loss.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Motorola
Bob Streed
Northern Select Equity Fund
Standard & Poor
Microsoft
Intel
J.P. Morgan
Aetna
Robert
Euro slides as ECB rate decision looms
The euro fell against the dollar in New York trading as traders priced in a possible ECB rate decision. It dropped from about 89.92 to 88.65 cents intraday amid bets on either a 25 or 50 basis point cut, with analysts noting ongoing weakness ahead of the meeting.
MENTIONED IN THIS ARTICLE
New York
European Central Bank
John McCarthy
ING Barings
ECB
McCarthy
Also Mentioned on This Page
The
Associated Press
Best Buy
RadioShack
Circuit City
Neiman Marcus
Saks Fifth Avenue
Burt Tansky
Neiman Marcus Group
Mary Ellen DeSerio
Waccabuc
N.Y
Bergdorf Goodman
C. Britt Beemer
America’s Research Group
Charleston
D.C
FDIC
Nationalcity.com
Culate
Andrea Misko
Chronicle-Telegram
Chugk Humel
Dow
Tech
Harrington
UBS Warburg
France
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