Earnings Forecasts

SINGAPORE (AP) — Oil prices rose to above $42 a barrel Friday in Asia as traders speculated that a second front is opening in Israel's Gaza offensive, but analysts said gains would likely be limited by continuing weakness in demand for crude....

The dismal retail climate continues as Macy's said Thursday it's shuttering 11 stores nationally, including one operating at the rundown Palm Beach Mall for 30 years. Macy's Inc., the second-largest U.S. department store chain, slashed its annual...

HOUSTON (AP) — Chevron Corp. said Thursday the huge drop in crude prices at the end of 2008 will be a big blow to its fourth-quarter earnings, a sharp reversal from the favorable market conditions that fueled record profits earlier in the year....

Beleaguered retailers announced plans to close stores, promised more bargain-basement prices and cut their earnings forecasts Thursday, signaling deals for shoppers but more trouble ahead for the country's deteriorating economy. Macy's Inc., one of the...

Economic gloom, as expected, dragged down Christmas sales at retailers throughout the U.S., with discounters like Wal-Mart, luxury vendors like Neiman Marcus and pretty much everybody in between saying that their holiday season results were poorer than...

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE MSC Industrial Direct Co., down $2.09 at $33.65 The distributor of repair supplies expects revenue to be...

NEW YORK (AP) — Wal-Mart Stores Inc. said Thursday that its December sales at established stores edged upward, but the gain was less than analysts expected and the discounter cut its earnings forecast for the rest of its fiscal year. The world's...

NEW YORK -- Department-store operator Macy's Inc. said today that it would will close 11 underperforming stores in nine states -- affecting 960 employees -- and lowered its forecast for the fourth quarter after one of the weakest holiday seasons in years....

Department-store operator Macy's Inc. said Thursday it will close 11 underperforming stores in nine states — affecting 960 employees — and lowered its forecast for the fourth quarter after one of the weakest holiday seasons in years. Stores...

Brace for some more bad numbers today as the Associated General Contractors of America releases its construction employment and business forecast for 2009. The trade association's chief economist Ken Simonson, one of the quoted industry experts in the...

LONDON (AP) — J Sainsbury PLC, Britain's third largest supermarket chain, said Thursday its third quarter sales rose 4.5 percent, with trading on Christmas Eve and New Year's Eve at record levels despite the economic downturn. The company said...

DETROIT (AP) — Auto executives across the globe are increasingly pessimistic about their industry, and only a small number expect their companies' profits to rise in the next five years, according to an annual survey. The survey of 200 senior...