Wal-Mart Stores Inc.
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Specialty chains see dismal December: SpendingPulse
NEW YORK (Reuters) - U.S. retailers experienced a dismal December, as a year-long recession and winter storms kept many potential shoppers at home, according to data released on Wednesday by SpendingPulse. Full Article
UPDATE 1-US specialty chains see dismal December-SpendingPulse
NEW YORK, Jan 7 (Reuters) - U.S. retailers experienced a dismal December, as a year-long recession and winter storms kept many potential shoppers at home, according to data released on Wednesday by SpendingPulse. Full Article
Supervalu profit beats view
LOS ANGELES (Reuters) - Grocer Supervalu Inc posted a better than expected profit, excluding a major impairment charge, and laid out plans to cut costs and pay down debt on Wednesday, sending its shares up 13.3 percent. Full Article
UPDATE 4-Supervalu profit beats view, cuts costs; shares up
* Sees FY09 EPS of $2.80-$2.90 excluding one-time charges Full Article
Family Dollar profit beats, raises forecast
CHICAGO (Reuters) - Family Dollar Stores Inc reported a jump in quarterly profit and raised its fiscal-year forecast on Wednesday as more shoppers headed to its discount stores, sending its shares up 17 percent. Full Article
UPDATE 4-Family Dollar profit beats, raises forecast; shares up
* Shares rise as much as 17 pct (Adds comments from CEO and analyst; updates stock rise) Full Article
Mexico bonds rally as govt cuts energy prices
MEXICO CITY, Jan 7 (Reuters) - Mexican bond prices jumped on Wednesday, pushing yields to their lowest in 8-1/2 months after the government unveiled sweeping cuts to energy prices, raising bets the central bank will soon cut interest rates. Full Article
UPDATE 2-Sam's Club head named Wal-Mart International CEO
CHICAGO, Jan 7 (Reuters) - Wal-Mart Stores Inc said Doug McMillon, head of its Sam's Club division, will become president and CEO of Wal-Mart International next month as the world's largest retailer increasingly looks overseas to fuel expansion. Full Article
Mexico stocks hit by grim U.S. jobs data; peso dips
MEXICO CITY, Jan 7 (Reuters) - Mexican stocks extended sharp losses on Wednesday as steep job losses in the private sector of the United States revived worries of a prolonged recession in Mexico's top trading partner. Full Article
December retail sales to spur profit warnings
CHICAGO (Reuters) - Deep discounts that failed to coax consumers to shop in December are likely to lead to a number of profit warnings this week, when retailers report sales for the all-important holiday month. Full Article
