Dec 11, 2008 3:43 PM ET
Foot Locker, an athletic retailer reported net income of $24 million or $0.16 per share for the third quarter compared with net loss of $33 million or $0.22 per share last year. Comp store sales decreased 1.7% and 2008 earnings excluding impairment charges are estimated between 50 and 63 cents.
Dec 11, 2008 3:31 PM ET
Dress Barn first quarter net earnings increased to $20.5 million or 32 cents a share, compared to $19.6 million or 30 cents a share in the quarter a year ago. Sales increased 3% to $376.4 million. The company expects full year earnings per share between 90 cents to $1.00.
Dec 11, 2008 3:23 PM ET
Ann Taylor specialty apparel retailer third quarter net loss of $13.4 million or $0.24 per share, compared to net income of $40.8 million or $0.66 per share a year ago. Net sales declined 12% to $527.2 million from $600.9 million in the quarter a year ago. Comparable same store sales declined 19.4%.
Dec 11, 2008 8:27 AM ET
China foreign trade rises in the first eleven months 29% from a year ago but faced a sharp deceleration in November. The latest data showed exports in the month declined 2.2%, first decline since June 2001. Imports declined at a faster pace indicating slowdown in domestic economy.
Dec 11, 2008 2:55 PM ET
Australian market averages fell after November unemployment rose to 4.4%. The Canberra Times reported that Qantas was charged with A$20 million on freight price fixing. Santos agreed to transfer 18% interest at an Indonesian location.
Dec 11, 2008 5:47 PM ET
Office vacancies in central Tokyo rose as more financial and services companies lay people off in the district. Separately, stocks edged higher on the optimism that the U.S. will pass $14 billion auto bailout plan and support auto parts makers who also supply to Japanese car companies.
Dec 11, 2008 10:12 PM ET
Urban Outfitters indicated flat sales in November and weak holiday sales environment. Gildan Activewear declined after it missed fourth quarter earnings and estimated sharply lower than expected earnings in the current quarter. lululemon Athleticca dropped on weaker than expected earnings.
Dec 10, 2008 8:47 AM ET
Rio Tinto, Australia based mining giant will eliminate 14,000 jobs and lower its debt further by $10 billion by the end of 2009. Falling metals prices and weakening demand is expected to cut sales and profit at the company in 2009. Australian stocks gained 1%.
Dec 10, 2008 8:59 AM ET
Machinery orders in Japan dropped 14.4% in October as the domestic economy slumps on weakening export orders. Stocks in Tokyo rose 3.2% on the hopes that the U.S. will soon offer a bailout plan of $15 billion to automakers. Beer and brewed beverages shipment dropped 8% in the month.
Dec 10, 2008 8:09 AM ET
Producer price index in China dropped to 2% increase in November from 6.6% rise in October. Fort the year, the index rose 7.6%. Foreign direct investment in November dropped 37% to $5.3 billion in China and for the year rose 26.5% in 11 months to $86.4 billion.