March retail sales slump hits 13 year low
American shoppers curtailed spending in March as high food and fuel costs, a weak job market, and a frigid Easter weighed on retailers. UBS ISC reports a 0.5 percent same store drop, weakest since 1995, with Wal Mart and Costco among small winners while JC Penney Gap and Limited Brands fall short. Gas and milk prices rise as energy costs bite household budgets.
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Wal-Mart Stores Inc
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Ore
UBS International Council of Shopping Centers
Costco Corp
TagetCop
Nordstrom Inc
Dillard's Inc
J.C. Penney Co
Kohl’s Corp
Tween Brands cuts outlook as Limited Too sales sag
Tween Brands Inc owner of Limited Too and Justice cuts its current quarter earnings outlook after weak spring clothing sales. Shares fell 23 percent as Limited Too sales faltered in late February through March. First nine weeks of the quarter expected to show a 7 to 9 percent drop versus last year. Chief Executive Mike Rayden cites customers seeking sale items and lower priced goods. In separate notice Newell Rubbermaid plans to cut about 200 jobs at its Maryville Tennessee plant, shifting some work to Megadore Ohio to reduce costs.
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Skybus memorabilia fetches high bids on eBay
Columbus bidders chase Skybus Airlines souvenirs as the bankrupt carrier’s failure sparks inflated prices on eBay. A sealed Skybus T-shirt lists about 500 dollars while a copy of the spring 2008 in flight magazine nears twenty dollars and a Skybus model airplane tops thirty one dollars.
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Columbus
Skybus Airlines
eBay
Skybus
Investors still betting on Microsoft buying Yahoo
Investors continue to back the Microsoft bid for Yahoo despite turmoil and talks of alternatives. Yahoo outsources a search ad test to Google and explores a Time Warner AOL tie up while Microsoft presses a three week deadline to accept its offer.
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Microsoft
Yahoo
San Jose
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Sunnyvale
Google
Time Warner
AOL
Darren Chervitz
Jacob Internet
Chervitz
Jim Friedland
Cowen and Company
Internet
Trip Chowdry
Global Equities Research
Chowdry
Clay Moran
Stanford Research Group
News Corp
Martin Pyykkonen
Jerry Yang
Las Vegas
Yahoo Inc
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