Retailers lead modest rally
May 8 - U.S. stocks posted small gains early Thursday thanks to encouraging monthly sales figures from Wal-Mart, Costo Wholesale and several teen-oriented shopkeepers.
Investors, however, kept watch on oil prices which headed lower after touching a new record near $124 a barrel.
Weekly jobless claims dropped more than expected.
Microsoft not turning back on Yahoo deal - senior executive
Best Buy buys half of Britain's Carphone Warehouse.
Conway Gittens reports.
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