International Council Of Shopping Centers News
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Sales at U.S. retailers probably rose in January by the most in four months, led by growing demand for autos, economists said before a report today.
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Sales at U.S. retailers probably increased in January by the most in four months, spurred by the biggest gain in auto purchases since 2009, economists said before a report this week.
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U.S. stocks erased an early loss to finish little changed, leaving the Dow Jones Industrial Average at the highest level since July, as improving sales at retailers and carmakers helped offset lower-than-forecast factory orders.
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U.S. stocks rose, erasing an early drop, as improving sales at retailers and carmakers helped bolster confidence in the economy. Treasury 10-year yields touched 2 percent for the first time in a week.
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Sales at U.S. retailers rose less than projected in December, confirming forecasts for a slowdown in consumer spending at the start of 2012.
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Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.
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Retail sales at stores open more than a year may have gained as much as 4.5 percent in December, more than previously estimated, as U.S. shoppers pursued holiday discounts, a trade group said.
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When Kmart acquired Sears in 2005, Chairman Edward Lampert said the new company would have the geographic reach and scale to compete with Wal-Mart Stores Inc.
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Sales at U.S. retailers probably rose in December as Americans bought discounted holiday items, a sign the economy picked up heading into 2012, economists said before a report this week.
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Payroll growth in the U.S. beat forecasts in December and the unemployment rate dropped to the lowest level in almost three years as the economy gained strength heading into 2012.
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