Consumer Goods & Retail
Spain's Corte Ingles expands business model-paper
MADRID, Nov 7 (Reuters) - Spain's largest retailer El Corte Ingles is revamping its business model to encompass new products and services to beat the financial crisis and the sharp drop in consumption, Expansion said on Saturday, citing unnamed sources. Full Article
Karstadt staff conceed wages to keep retailer alive
ESSEN, Germany, Nov 7 (Reuters) - The 28,000 employees at German department store chain Karstadt initially agreed to a plan to reduce wage costs by about 150 million euros ($223.1 million) over three years to prevent a breakup of the company. Full Article
Chrysler dismantles electric car plans under Fiat
DETROIT, Nov 6 (Reuters) - Chrysler has disbanded a team of engineers dedicated to rushing a range of electric vehicles to showrooms and dropped ambitious sales targets for battery-powered cars set as it was sliding toward bankruptcy and seeking government aid. Full Article
PREVIEW-Retailers in focus as earnings season draws to a close
NEW YORK, Nov 6 (Reuters) - U.S. retailers are poised to defy gloom next week as earnings expectations have improved, but the big test will be what they say about holiday shopping. Full Article
Wall St Week Ahead: Stocks eye retailers as jobless ranks swell
* U.S. retail earnings take center stage * Wal-Mart eyed for insight on consumer * On tap: September trade gap, November consumer sentiment * U.S. Treasury refinances record debt Full Article
UPDATE 1-Mexico's Walmex Oct same-store sales up 5.1 pct
MEXICO CITY, Nov 6 (Reuters) - Retailer Wal-Mart de Mexico said on Friday its October same-store sales rose 5.1 percent from a year earlier, helped by an extra Saturday and its ability to keep prices low in tough economic times. Full Article
CANADA STOCKS-Gold miners pull TSX higher, offset weak jobs data
* Index finishes up 3.1 pct on the week (Adds details) Full Article
Mexico's Walmex Oct same-store sales up 5.1 pct
MEXICO CITY, Nov 6 (Reuters) - Retailer Wal-Mart de Mexico said on Friday its October same-store sales rose 5.1 percent from a year earlier, helped by an extra Saturday and its ability to keep prices low in tough economic times. (Reporting by Cyntia Barrera Diaz) Full Article
UPDATE 4-Magna shares race higher on earnings, Opel fallout
* Shares end up 14.2 pct in Toronto, 13.1 pct in New York Full Article
Worst is over for room rates at US hotels--study
NEW YORK, Nov 6 (Reuters) - The U.S. hotel industry is likely over the worst declines in room rates, but average prices will continue to slide in 2010 as the sector struggles to regain its footing, PricewaterhouseCoopers said on Friday. Full Article
U.S. to be more selective with carmakers
WASHINGTON (Reuters) - Automakers can expect the U.S. government to be attentive to its multibillion-dollar stake in their businesses next year and selective in its efforts to reshape the industry. Full Article
| Symbol | Last | Net Change |
|---|---|---|
| BRENT CRUDE | $76.05 | $-1.94 |
| MINI SILVER | $0.00 | $0.00 |
| 100 OZ GOLD | $1,096.90 | $7.60 |
