Whole Foods shares rose Friday after a Jeffries analyst upgraded the stock, saying the grocery’s strategy of offering lower-priced items has accelerated sales while maintaining low costs.
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Even as overall costs for consumer goods rose 0.1% in September, prices for used cars fell 0.7%. It was the first such drop since just before the federal government’s “cash for clunkers” rebate program began in July 2009.
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Retail sales in September showed more of the same modest, mildly encouraging growth for the third month in a row, according to a Commerce Department report released Friday.
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Capital One (COF) said its credit card defaults rose slightly in September, a sign that more people may be struggling to repay their debts.
Capital One said its annualized net charge-off rate, a measure of the debts the company does not expect to ever be paid off, was 8.38% in September, Reuters reported. The rate was 8.19% in August.
Capital One is the third-largest U.S. issuer of…
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Capital One Says Credit Card Defaults Rose Slightly in September originally appeared on DailyFinance on Fri, 15 Oct 2010 08:29:00.
Walmart has renewed its efforts to purchase Russian supermarket chain Kopeika, following reports that competing Russian grocer X5’s interest in acquiring it has waned, according to Reuters.
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