Daily Outlook - August 31
Credit Card Blues; Beyond 'Clunkers; Pressure on Retailers
U.S. credit card satisfaction down amid higher rates: poll
U.S. consumers satisfaction with credit cards plummeted in 2009, driven by anger due to fees and higher interest rates, according to a J.D. Power and Associates poll released on Tuesday. Read Full Article here.
Clunkers may boost U.S. auto sales, but investors look beyond
U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted. Read Full Article here.
Late Labor Day seen pulling down August sales
U.S. retailers are likely to get an incomplete mark for the key back-to-school season when they report August sales this week, as a later Labor Day is expected to pull some sales into September, pressuring August results. Read Full Article here.
EBay to sell Skype to private investors: report
Internet auction and services company EBay Inc has reached a deal to sell its online telephony unit Skype to a group of private investors, the New York Times said, citing two people briefed on its plans. Read Full Article here.
Sony PCs to offer Google Web browser
Google Inc is shipping its Chrome browser with Sony Corp PCs, sealing the Internet company's first such deal since it introduced the Web browser last year to compete with Microsoft. Read Full Article here.
China manufacturing gains strength despite share gloom
China's vast manufacturing sector kept up its steady recovery last month, ignoring the gloom engulfing the Shanghai stock market, a pair of surveys showed on Tuesday. Read Full Article here.
Nokia to delay U.S. music service launch: report
okia has delayed to next year the launch of its music service in the United States, the world's largest music market, Forbes magazine reported online on Monday, quoting a Nokia spokeswoman. Read Full Article here.
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