Wal-Mart Stores said Thursday its fiscal second-quarter profit was 88 cents per share, at the top end of its guidance.
August 13, 2009BusinessGovernment
Business Inventories Decline in June
Business inventories fell 1.1% in June, marking the 10th consecutive decline, though sales rose, the Commerce Department said Thursday.
August 13, 2009BusinessEquipment
Accuride Reports 2Q Loss on Soft Demand
Commercial vehicle component maker Accuride Corp. said it lost $36.1 million, or $1 per share, in the second quarter, compared with a profit of $3.4 million, or 10 cents, a year ago.
August 13, 2009BusinessGovernment
Retail Sales Fall 0.1% in July
Retail sales fell 0.1% in July, the first decline in three months, the Commerce Department said Thursday.
August 13, 2009Business
Jobless Claims Rise for Week
Initial jobless claims rose to 558,000 last week, the Labor Department said Thursday.
August 13, 2009BusinessGovernment
Import Prices Fall for First Time in Six Months
The price of goods imported to the United States fell 0.7% in July, the first decline in six months, the Labor Department said Thursday.
August 13, 2009BusinessSafetyGovernment
DOT Freight Transport Index Plunges 14.2%
The Department of Transportation’s freight transportation services index fell 14.2% in June from a year earlier, the largest June-to-June decline in the 20 years in which it has been calculated.
August 12, 2009Business
Fed Again Holds Interest Rate at Record Low
The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
August 12, 2009GovernmentBusiness
Intermodal Traffic Takes Big Quarterly Drop
Intermodal trailer traffic fell 26.9% in the second quarter of 2009, the Intermodal Association of North America reported.
August 12, 2009BusinessLogistics
Contrans’ Second-Quarter Income Falls
Canadian firm Contrans Income Fund said that its second-quarter profit was C$6.2 million, or 20 cents per unit, down from C$10.2 million, or 35 cents, a year ago.
August 12, 2009