“I just dont think the consumer is as sick as is commonly believed”

Retailers J.C. Penney Co. and Kohls Corp. plan to continue increasing their private-label brands and tap into the growing consumer desire for higher-priced, luxury products, while Nordstrom Inc. via KVML

Original post by KVML

NEW DELHI: Heavy buying interest in frontline stocks propelled key indices to close in the positive. via The Times of India

Original post by The Times of India

A closely watched gauge of future U.S. economic activity fell in April, nearly reversing the previous month’s gain and easing concerns about whether the Federal Reserve would raise interest rates.

The Conference Board said Thursday its index of leading economic indicators dropped 0.5 percent, higher than the 0.1 decline analysts were expecting. The drop follows a revised 0.6 percent climb in March, which came after two months of declines.

The reading is designed to forecast economic activity over the next three to six months. Read more

Original post by The Associated Press

“We believe pressure on operating cash flow, as the company struggles to recapture lost market share, creates significant risks in terms of return on capital for an acquiring firm and we do not expect any higher offers”

It was a positive day for U.S. markets Wednesday as the Dow climbed more than 100 points to a new record close. via Jordan News.Net

Original post by Jordan News.Net

Banking and insurance company ING Groep NV posted a 6 percent drop in first-quarter earnings Wednesday, blaming slimmer margins in banking and unfavorable currency effects. via Forbes

Original post by Forbes