Retail sales in the U.S. unexpectedly rose in January, easing concern that the world’s largest economy has already slipped into a recession. The 0.3 percent increase was led by spending on autos, clothes and gasoline, the Commerce Department said today in Washington. The figure followed a 0.4 percent decrease the previous month. Purchases excluding automobiles […]
0 comments E | Economy |
Archer-Daniel Midlands Co.’s fiscal second-quarter profit jumped 7% from a year ago as services for trading and transportation grain offset lower ethanol prices.
For the recent quarter, the agricultural products company said it earned $473 million, or 73 cents a share, compared with $441 million, or 67 cents a share in the year-ago period. The world’s […]
0 comments E | Companies, Stock news |
All major automakers, except for General Motors Corp., saw their U.S. sales drop in January (industry analysts have predicted that 2008 will be the worst auto sales year in the United States in more than a decade).
GM said Friday it sold 250,926 light vehicles in January, up from 244,614 in the same month last year. […]
0 comments E | Companies |