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British mortgage bailout worries investors

Wall Street grew anxious on Friday after news that Britain's central bank was forced to rescue mortgage lender Northern Rock, suggesting a global credit crisis was spreading.

August retail sales disappoint

Retail sales and industrial output eked out smaller-than-expected gains in August, according to data on Friday that kept in place expectations the Federal Reserve will cut interest rates next week. The reports showed signs of economic softness but the picture was not uniformly bleak. A drop in gasoline prices helped curb the sales retail gain, but helped hold a gauge of consumer confidence steady in early September.

Stocks dip on retail data, BoE bailout

Major U.S. indexes started off the day slightly lower on Friday as August retail sales disappointed while the subprime crisis extended overseas as the Bank of England rescued mortgage lender Northern Rock.

Dollar makes comback vs euro

The dollar rebounded against the yen and euro on Thursday as investors resumed buying the U.S. currency after nearly a week of declines, although expectations of a cut in U.S. interest rates capped gains.

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U.S. ex-auto retail sales post slim growth in July

U.S. retail sales excluding cars rose a modest 0.2 percent in July, as declining gasoline prices reined in overall sales growth, according to data from SpendingPulse released on Friday.

China GDP growth jumps to 11.9 percent

The highest growth in 11-½ years secured expectations of tighter policy to prevent the economy from overheating.

Blue chips rise on GE, consumer sentiment

Blue-chip stocks rose on Friday, sending the Dow to a record, as General Electric Co's expanded share repurchase plan and a stronger-than-expected reading of consumer sentiment tempered worries about the economy's health.

Retail slump in June hints at tired U.S. consumer

U.S. retail sales posted their biggest monthly decline in nearly two years during June, according to government data issued on Friday, indicating the housing market slump and soaring gasoline prices are depressing consumer spending.

Can U.S. consumers hold up as economy slows?

Consumer spending fuels about two-thirds of total economic output and a pullback could weigh heavily on an economy already pegged to grow below trend this year.

Retail sales notch modest gains in June

Retailers reported modest June sales results on Thursday as industry leader Wal-Mart Stores Inc. and teen favorite Abercrombie & Fitch Co. topped Wall Street's conservative expectations while a number of department stores and women's specialty retailers foundered.

Home Depot cuts outlook, cites housing

Home improvement retailer Home Depot cut its 2007 earnings outlook on Tuesday, citing weakness in the U.S. housing market and said it was launching a tender offer for 250 million shares.

Toyota, Ford post strong China vehicle sales

Toyota and Ford, two of the world's three largest auto makers, reported strong first-half sales in China's fast-growing market, where as relative newcomers they are competing to roll out new models to attract customers.

Dollar at 4-1/2 yr high vs yen as yields hold firm

The dollar hit a 4-1/2-year peak against the yen on Thursday, extending gains after strong U.S. retail sales data the previous day reinforced expectations the Federal Reserve would not cut interest rates this year.

Retail sales, import prices surge

Retail sales in May rose at the strongest pace since January 2006, while import prices surged, adding to recent data suggesting the U.S. economy is recovering strongly from a first-quarter slowdown.

Soaring bond yields boost dollar, global stocks steady

The dollar surged on Wednesday as strong data and expectations of rising global interest rates pushed U.S. Treasury yields to five-year peaks, while stocks were volatile as growth prospects balanced the rise in yields.

Dollar rises vs euro for fifth straight session

The dollar rallied against the euro for the fifth consecutive session on Tuesday to an 11-week high, according to Reuters data, as rising U.S. Treasury yields lured investors.

Software Sales Slow in 2006

Computer software sales declined in 2006 compared to the previous year, due in part to consumers waiting for the release of Windows Vista and diminished purchases of tax software, according to a report.

Home shopping boosts retail sales

Strong sales of household goods and a penchant for home shopping helped retail sales rebound in August, suggesting last month's interest rate rise did not deter shoppers.

Schoolwear and electricals boost John Lewis

Cool weather, the return to school and strong demand for flat screen TVs and laptops helped to drive a 21.7 percent rise in weekly sales at John Lewis department stores

DVD Giveaways Signal Decline of Format

British newspapers are now giving away free as many DVDs as are being purchased in stores, revealing a stealth contributing factor to the decline of Hollywood's cash cow format.

Consumer morale dips, worries over growth

Surging energy prices helped cause unexpected drops in U.S. retail sales in June and consumer sentiment in July, reports on Friday showed, raising the prospects the Federal Reserve may be close to halting its campaign of hiking interest rates.

Retail sales unexpectedly fall 0.1 pct

U.S. retail sales unexpectedly shrank in June as energy prices bit, raising concern about growth as the Federal Reserve considers halting its two-year interest rate hike campaign.

Road may be bumpy for further BOJ rate rises

Sales at U.S. retail stores unexpectedly shrank 0.1 percent in June, the first decline since February, pulled down by weaker sales of cars and building material, government data showed on Friday.