As retailers wrapped up their earnings reports this week, most said they’re back in cost-control mode and will tighten inventories after the holidays. Shoppers are still spending cautiously and costs are on the rise, so profits…
U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construc…
The nation’s factories continue to show signs that they will support economic growth in the immediate quarters ahead, as manufacturing output rose 0.5% in October — the sector’s biggest gain in three months — the Federal Reserve announced Tuesday.
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The nation’s largest home improvement retailer
reported that its third quarter net earnings rose a higher-than-expected 21% due to lower expenses and cost cuts. Additionally, Home Depot raised its fiscal 2010 earnings outlook….
The third-quarter earnings season got off to a reasonably positive start for retailers, with department stores hoping colder weather heats up holiday sales, even as shoppers continue to prefer discounts and generally hold back …