U.S. Day Ahead: Oh, and about that recession?... Never mind!
Wednesday, February 27, 2013 - 02:03
Feb. 27 - Concerns of a new U.S. recession should be dispelled with the release of revised GDP data in the morning.
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Concern of the -- US recession should be dispelled let me get the latest revision of fourth quarter GDP figures. Experts and IFR Amy could be economy actually grow by half a percent this time. Last month markets worth dying by the music contracted by 10%. The initial -- defense spending cuts and inventory write down we're not as bad as expected. It's even -- I have our economy -- more optimistic about future growth despite the front of 85 billion dollars worth of budget cuts. Kicking and on Friday. When Barnes & Noble reports earnings it's falling sales are likely to be overshadowed by questions about the company's immediate future is chairman Leonard Riggio plans to make an offer for -- -- let them off. From -- -- business. After losing ground to Amazon with sales tumbling by 13% in the crucial holiday period when analyst for Morningstar said the deal would be popping up. The company to focus on its -- and avoid being distracted by the note. Which is then a quote substantial cash street Barnes & Noble is up 17% in the last month. From one struggling retailer to another and want reassurances from Sears holding chairman Eddie Lambert who took on the CEO role in February. About the company's future when it reports earnings. We could see signs of a turnaround after eight years of falling sales and profits are set to grow from a year ago. Aren't -- skeptics -- One top rated analyst from at and he says you're holding customers. -- away partly by rivals with better promotion. The company shares are down more than 25%. Over the last year. I just on Twitter at Reuters Insider and get more of our great videos at Reuters dot com slash Reuters TV. Thursday we interviewed California's attorney general calm all -- She explains why single state it's filing a suit against Standard and Poor's over its role in the housing crisis. I'm -- mom this is greater.
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