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By Chang-Ran Kim, Asia autos correspondent Thu Aug 28, 5:51 AM ET TOKYO (Reuters) - Toyota Motor Corp cut its 2009 vehicle sales forecast by nearly 7 percent as high fuel prices hammer demand for large cars and pickup trucks, and said it will speed up t..
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5 minutes ago LONDON (Reuters) - The outlook for Lehman Brothers Holdings Inc (LEH.N) darkened further on Thursday as a newspaper reported that an intended asset sale had collapsed and a Citigroup analyst forecast big losses for the group.
The fourth-l..
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By Nicole Maestri 2 hours, 50 minutes ago NEW YORK (Reuters) - BJ's Wholesale Club Inc (BJ.N) reported higher-than-expected quarterly earnings, but its shares fell nearly 7 percent as the retailer gave a disappointing forecast, signaling business could..
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25 minutes ago NEW YORK (Reuters) - J.C. Penney Co Inc (JCP.N) said on Friday quarterly profit fell 36 percent and forecast earnings for the current quarter below Wall Street expectations, hurt by cutbacks in consumer spending.
The mid-tier department..
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By Nicole Maestri 4 minutes ago NEW YORK (Reuters) - Wal-Mart Stores Inc (WMT.N) reported a 17 percent rise in profit and raised its full-year forecast as shoppers seek low prices, but cautioned that a difficult global economy was heaping pressure on co..
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27 minutes ago WASHINGTON (Reuters) - Consumer prices rose at twice the rate expected in July to post the fastest rate of year-over-year growth in 17-1/2 years, pushed up by costlier energy and food, a government report on Thursday showed.
The Labor De..
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By Duncan Martell 37 minutes ago SAN FRANCISCO (Reuters) - Intel Corp (INTC.O) said on Tuesday quarterly net income rose 25 percent, helped by strong sales of microprocessors used in notebook computers, and gave a revenue forecast that topped expectatio..
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18 minutes ago NEW YORK (Reuters) - Wal-Mart Stores Inc (WMT.N) on Thursday reported a 5.8 percent rise in June sales at U.S. stores open at least a year, beating Wall Street estimates, and the discount retailer raised its second-quarter earnings foreca..
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20 minutes ago KANSAS CITY, Missouri (Reuters) - Monsanto Co (MON.N) posted higher-than-expected quarterly profit on Wednesday and raised its full-year earnings forecast, citing strong sales of herbicides and specialty seeds.
The St. Louis-based agricu..
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13 minutes ago NEW YORK (Reuters) - Investment bank Lehman Brothers Holdings Inc (LEH.N) posted a quarterly loss of $2.8 billion on Monday, matching its forecast, after recording massive trading and hedging losses.
The fourth-largest U.S. investment ba..
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By Alex Lawler 54 minutes ago LONDON (Reuters) - OPEC on Friday cut its forecast for global oil demand growth in 2008 for the third time this year, the latest sign that record-high oil prices are slowing consumption.
The exporter group also said that i..
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59 minutes ago CHICAGO (Reuters) - H.J. Heinz Co (HNZ.N) on Thursday raised its forecast for annual earnings growth, with health and wellness products and emerging markets helping fuel the growth.
The company also posted an 7 percent increase in fiscal..
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52 minutes ago WASHINGTON (Reuters) - The Federal Reserve on Wednesday cut its forecast for economic growth in 2008 and warned of higher inflation and unemployment but also signaled it was unlikely to cut interest rates again soon.
"Several members not..
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1 hour, 10 minutes ago ATLANTA (Reuters) - Retailer Lowe's (LOW.N) reported an 18 percent drop in first-quarter profit on Monday as the slumping U.S. housing market and softer economy hurt sales, and it cut its full-year profit forecast.
The second-lar..
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By Nicole Maestri 43 minutes ago NEW YORK (Reuters) - Macy's Inc (M.N) reported a quarterly loss on Wednesday, hurt by restructuring costs and falling sales, but the department store operator stood by its full-year earnings forecast, and its shares rose..
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By James B. Kelleher 40 minutes ago CHICAGO (Reuters) - Deere & Co (DE.N) reported higher quarterly earnings on Wednesday as soaring crop prices boosted global demand for its agricultural equipment, but the company's forecast for the rest of the year wa..
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13 minutes ago (Reuters) - Bank of America Corp (BAC.N) on Tuesday increased its forecast for expected losses from home equity loans, citing the deteriorating U.S. housing market.
Liam McGee, president of global consumer and small business banking, off..
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By Glenn Somerville 42 minutes ago WASHINGTON (Reuters) - Total sales at retailers weakened modestly in April, but outside the hard-pressed auto sector they were more resilient than many economists had forecast, a government report showed on Tuesday.
T..
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By Martinne Geller 1 hour, 58 minutes ago NEW YORK (Reuters) - AnnTaylor Stores Corp (ANN.N) raised its first-quarter earnings forecast on Monday, citing lower inventories and improvement at its LOFT chain, sending shares of the women's clothing retaile..
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25 minutes ago WASHINGTON (Reuters) - The economy grew at a slightly stronger pace than forecast as 2008 began, helped by inventory-building that tempered a steadily deteriorating housing sector and less vigorous consumer spending.
The Commerce Departm..
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