RETAIL SALES

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Retailers see Web offsetting spending slump

Retailers who scoffed at the web during the flush days of consumer spending are now diving head first into online initiatives, lured by that channel's resilience in the downturn.

Gasoline boosts retail sales

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Sales at U.S. retailers rose in May and the number of workers filing new applications for jobless benefits fell for a fourth straight week last week, according to official data on Thursday that suggested the recession was abating.
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Gasoline sales boost U.S. retail sales

Sales at U.S. retailers rose for the first time in three months in May as expected, lifted by strong gasoline and building material receipts, according to a government report on Thursday that bolstered views the recession was abating.
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Asian shares falter on worries rally overdone

Asian shares fell on Tuesday for a second consecutive session as investors worried that a recent rally may be overdone, though oil prices extended gains ahead of data this week expected to show a fall in U.S. crude inventories.
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Data boosts recovery hopes, stocks end May on a high

Japanese factories raised output by the most in nearly 60 years last month and India grew faster than expected in the March quarter, Friday data showed, further evidence the global economy may have turned a corner.
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Wall Street may brake for housing, Home Depot

Stocks are likely to hit more speed bumps this week as investors become more wary of Wall Street's ability to rally further and housing starts, jobless claims and other indicators are in the spotlight.
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Auto layoffs lift U.S. jobless claims, PPI up

The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, government data showed on Thursday, pushed up by auto plant shutdowns related to Chrysler's bankruptcy.
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Auto layoffs boost jobless claims

The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, government data showed on Thursday, pushed up by auto plant shutdowns related to Chrysler's bankruptcy.
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Global stocks extend losses

World stocks fell for a fourth straight day on Thursday while the low-yielding dollar and yen advanced as weak U.S. retail sales data prompted investors to cut back on risky assets after their nine-week rally.
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Asia stocks drop, U.S. retail sales dents rally

Asian stocks took a hit on Thursday as weak U.S. retail sales underscored the long road to economic recovery, prompting profit-taking on winning bets in equities, higher-yielding currencies and commodities over the past two months.
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Asia stocks drop, risk bets cut on recovery doubt

Asian stocks fell on Thursday as weak U.S. retail sales highlighted the long road to economic recovery, prompting profit-taking on winning bets in equities, higher-yielding currencies and commodities over the past two months.
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U.S. retail sales slip, hurting recovery hopes

Sales at U.S. retailers fell for a second straight month in April as cash-strapped consumers held back on purchases, government data showed on Wednesday, denting hopes the economy would soon emerge from recession.
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Wall Street falls after weak retail data

Stocks tumbled on Wednesday as worse-than-expected retail sales hurt shares in the sector, including Wal-Mart Stores Inc, and dampened recent enthusiasm over the economic outlook.
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U.S. retail sales slump for second straight month

Sales at U.S. retailers fell for a second straight month in April as cash-strapped consumers held back on some purchases, according to a government report on Wednesday that dented hopes the economy was beginning to improve.

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