Nordstrom increases sales by merging inventory
Nordstrom has added a new tool to its well-regarded customer service efforts: a seamless connection between the company’s online and offline inventory. According to The New York Times: “The change works this way: Say that a shopper was looking at a blue Marc Jacobs handbag at Nordstrom.com. She could see where it was available at [...]
Nikkei flat; gains capped by yen, political worry
TOKYO, Aug 26 (Reuters) – Japan’s Nikkei average was flat on Thursday, buoyed by short-covering and buying of futures but with gains capped by a lack of policy moves to rein in the yen’s strength as well as fears of longer-term policy inaction prompted by a murky political outlook. Japanese ruling party powerbroker Ichiro Ozawa [...]
Market falls as economic woe outweighs M&A
(Reuters) – U.S. Read full article…
Stock futures up ahead of jobless data
(Reuters) – Stock index futures rose on Thursday as investors awaited weekly jobless claims data and earnings from technology giants Hewlett-Packard Co and Dell Inc for signs of improvement in the tepid economic recovery. At 8:30 a.m. EDT, the Labor Department will report first-time claims for jobless benefits for the week ended August 14. Read [...]
Retailers’ results may sway stocks
(Reuters) – U.S. stock investors will brace for further signs of weakness in the U.S. recovery next week as earnings from key retailers are expected. Industrial production, housing and inflation data will come under scrutiny as well, just as stocks wrapped up their worst week in six. This week’s sell-off also drove stocks back into [...]
Dollar and Japan shares test lows on global woes
(Reuters) – The U.S. dollar headed toward a 15-year low against the yen on Tuesday and Japanese shares slid as weak U.S. data added to worries about a global slowdown. Other Asian stock markets were slightly firmer although analysts said there was little reason for them to rise much higher given the weak sentiment. “We [...]
GM CEO Whitacre steps down as IPO engine revs up
DETROIT | Thu Aug 12, 2010 4:17pm EDT DETROIT (Reuters) – General Motors Co posted its biggest quarterly profit in six years on Thursday and CEO Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake. Whitacre, 68, who has served just eight months [...]