Jobless Claims Rise Slightly

Initial jobless claims rose slightly last week, in line with expectations.

Claims rose 2,000 to 439,000 in the week ending Nov. 13, The Department of Labor said. The revised figure for the previous week was 437,000.

Economists surveyed by Reuters forecast that claims would rise to 440,000 from a previously reported 435,000.

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Jobless Claims Rise Slightly originally appeared on DailyFinance on Thu, 18 Nov 2010 08:24:00.

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Sears Earnings: Loss Widens as Sales Decline

Sears called its third-quarter results “disappointing” as losses nearly doubled from last year and revenue decreased 5%, primarily as a result of declines in domestic comparable-store sales.
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Limited Brands to Pay Special Dividend of $3 a Share

Limited Brands (LTD), owner of retail chains including Victoria’s Secret and Bath & Body Works, will pay out a special dividend of $3 a share.

The company also plans to buy back $200 million of its shares, Limited Brands said in a statement.

“W…

Staples Reports Third Quarter EPS of 40 Cents

Staples (SPLS) reported third quarter earnings of 40 cents per share, up from 37 cents a year ago.

Sales rose slightly to $6.5 billion, Staples said in a statement. Sales at stores open at least one year fell 1%.

“Our growth initiatives in North Am…