For the first time, the privately owned Swedish furniture retailer, Ikea Group, has disclosed its financial results. The retailer, known for its low cost yet stylish furniture, is doing very well.
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Stocks kicked off the final quarter of the year with moderate gains Friday as more encouraging data on consumer spending, consumer sentiment and auto sales were partly offset by a slowdown in manufacturing activity.
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Auto sales turned in a strong performance in September. “People seem to be saying, ‘It’s not as quite as scary anymore,'” says Arthur Wheaton, automotive analyst at Cornell University’s ILR School.
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Ford Motor (F) reported higher sales in September on strong demand for fresh models, as sales rose 46% compared to September 2009, the company said Friday.
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General Motors reported Friday that overall vehicle sales in September 2010 climbed 10.5% on a year-over-year basis, based on strong demand for its new generation of crossover vehicles. Among its four core brands, GM sales rose…