Wal-Mart Stores said Thursday its same-store sales rose 2.1% in January, besting analysts’ and the company’s forecasts, the Associated Press reported.
February 5, 2009Business
Wal-Mart’s January Sales Rise
Government, Business, Safety
Fourth-Quarter Productivity Rises 3.2%
Fourth-quarter U.S. worker productivity increased at a 3.2% annual rate, the Labor Department said Thursday.
February 5, 2009Business
Jobless Claims Jump to 26-Year High
Initial jobless claims rose last week to a 26-year high, the Labor Department said Thursday.
February 5, 2009Business
Oil Holds Near $40 Following DOE Inventory Report
Oil remained near $40 a barrel early Thursday after falling 46 cents Wednesday on data that U.S. inventories rose more than forecast last week, Bloomberg reported.
February 5, 2009Government, Business, Safety
Interstate Bakeries Exits Chapter 11
Interstate Bakeries Corp. has emerged from bankruptcy after four years of operating under Chapter 11 protection, agreeing to a plan that gives financial control to New York investment firm Ripplewood Holdings and a group of the company’s lenders, news services reported.
February 4, 2009Business, Technology, Equipment, Safety
Ryder’s Fourth-Quarter Income Declines
Ryder System said Wednesday its fourth-quarter profit fell to $10.6 million, or 19 cents a share, from $71.9 million, or $1.24, a year ago.
February 4, 2009Business, Safety, Government
ISM Services Index Improves, But Still Shows Contraction
The U.S. economy’s service sector contracted in January but at a lower rate than previously reported, the Institute for Supply Management said Tuesday.
February 4, 2009Business, Equipment
ArvinMeritor Reports Fiscal 1Q Loss
Truck components maker ArvinMeritor said Wednesday its fiscal first-quarter loss from continuing operations was $991 million, or $13.71 per share, compared with a loss of $1 million, or 1 cent, a year ago.
February 4, 2009Business, Safety, Government
Xata Reports Smaller 1Q Loss
Transportation software firm Xata Corp. said Wednesday it lost $716,000, or 8 cents a share, in its fiscal first quarter, compared with a loss of $1.1 million, or 14 cents, a year ago.
February 4, 2009Business
U.S. Auto Sales Plunge in January
U.S. auto sales plunged in January, with all of the Big Three automakers’ sales down at least 40%, the Wall Street Journal reported Wednesday.
February 4, 2009