Discount stores score big in August

Consumers nervous about the weak economy abandoned higher-end clothing store chains for discount retail giants such as Wal-Mart, Costco and BJ’s, which reaped back-to-school […]

FDIC’s Sheila Bair says tough times still ahead

Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., expects third quarter financial reports for the banking industry in the United States to worsen.
“We haven’t […]

KDB

At a dinner with Korea Development Bank (KDB) staff last month, CEO Min Euoo-sung sang his favorite song, “Leopard in Mt. Kilimanjaro”, a reflection […]

Target August sales down 2.1%

Despite customers lining up for back-to-school buys, Target Corp. said its same-store sales fell 2.1 percent in August.
Minneapolis-based retailer Target (NYSE: TGT), which has four […]

Wal-Mart upbeat on Asia drive amid U.S. woes

Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz), the world’s top retailer, is considering its first stores in Southeast Asia and expects to […]

European Factory Prices Rose 9% in July on Oil Record

European producer prices increased the most in at least 18 years in July as crude oil reached a record before easing last month.
The […]

U.K. Mortgage Approvals Drop, Manufacturing Contracts

U.K. mortgage approvals dropped to the lowest since at least 1999 and manufacturing contracted for a fourth month as the economy staggered toward a […]