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Weak retail sales figures leave stocks mixed
Jul 5th, 2012
Stocks turned mixed in midday trading on Wall Street Thursday after signs emerged that Americans are spending at a slower pace and that China's economy is in worse shape than previously thought. (Source: Associated Press) -
By John O'Donnell BRUSSELS (Reuters) - The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, people familiar with the matter say. Such a hardening of approach would keep ECB funding flowing to Europe's most important lenders but compel... [Full Article]
By Phil Wahba and Jessica Wohl NEW YORK/CHICAGO (Reuters) - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to Wal-Mart Stores Inc . Wal-Mart reported a 1.4 percent drop in sales at Walmart U.S. stores open at le... [Full Article]
REUTERS - Wal-Mart Stores Inc's quarterly profit just missed Wall Street expectations on Thursday, with sales down 1.4 percent at its Walmart U.S. stores open at least a year. The world's largest retailer said U.S. sales suffered from a delay in income tax refund checks, cool weather, less grocery inflation than expected, and the payroll ... [Full Article]
TEHRAN, Iran (AP) - A pair of powerful and divisive figures registered Saturday to run in Iran's presidential election, providing a jolt to the political scene a month ahead of the vote. (Source: Associated Press)... [Full Article]
BAGHDAD (AP) - Car bombs hit Shiite neighborhoods of the Iraqi capital for the second day in a row on Thursday, part of a series of attacks across the country that left 21 people dead and raised concerns over a return to sectarian bloodshed. (Source: Associated Press)... [Full Article]
By Leah Schnurr NEW YORK (Reuters) - U.S. stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. The Dow and the S&P 500 finished at fresh record highs, driven by gains in energy and industrial shares. Th... [Full Article]
BANGKOK (AP) - World stock markets were mixed Friday as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country's economic outlook. (Source: Associated Press)... [Full Article]
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